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XL TechGroup, Inc. (XLT)


Tuesday 06 December, 2005

XL TechGroup, Inc.

AgCert Mexico registration

XL TechGroup, Inc.
06 December 2005

Press Release                                                    6 December 2005

                               XL TechGroup Inc.

                       ('XL TechGroup' or 'the Company')

                   XL TechGroup company AgCert International
                  announces first project registered in Mexico

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, advises that XL TechGroup company, AgCert
International plc ('AgCert'), has today announced that one of its projects in
Mexico, comprising 23 farms, has achieved the first Mexican registration by the
United Nations appointed Executive Board of the Clean Development Mechanism 

Registration, which lasts for ten years in this case, is the formal acceptance
by the Executive Board of a validated project as a CDM project activity under
the Kyoto Protocol and is the prerequisite for the subsequent verification,
certification and issuance of Certified Emission Reductions ('CERs').

Det Norske Veritas Certification Ltd. will now undertake the verification of the
emission reductions achieved by this AgCert project, following which AgCert will
submit a request to the CDM Executive Board to certify and issue CERs.  There
can be no certainty about the timing of these next stages but, subject to
verification, CERs from this first Mexican project could be issued within the
first quarter of 2006.

AgCert's emission reductions are generated by climate-friendly, sustainable
development projects in developing countries, such as Mexico and Brazil.  AgCert
captures and combusts Biogas containing greenhouse gases, principally methane,
emitted from animal waste management systems, primarily from swine.

Miguel Angel Cervantes, Mexican Designate National Authority (DNA), who was
reached at the annual United Nations Climate Change Conference (COP/MOP) in
Montreal, stated:  'I am happy to see the first Mexican CDM project registered
and I am excited that there are many more projects of this type in the 

Bill Haskell, CEO, AgCert International said:  'We are delighted to be the first
company to have a CDM project registered in Mexico and we will now be moving
towards certification as soon as possible.  In addition, we have a number of
other projects going through the CDM regulatory approval process across Brazil
and Mexico, and we look forward to providing updates on the progress of these
over the coming weeks and months.'

Dr John Scott, CEO of XL TechGroup, said:  'This successful first registration
in Mexico clearly demonstrates AgCert's leading position in its field.  It also
completes one of the last key regulatory steps in the production of CERs from
Mexico and provides AgCert with a clear path towards revenue recognition.'

                                    - Ends -

For further information:
 XL TechGroup Inc.
 John Scott / Harold Gubnitsky                              Tel: +1 321 409 7403
 [email protected]                               

XL TechGroup media enquiries:
 Abchurch Communications
 Heather Salmond / Samantha Robbins                    Tel: +44 (0) 20 7398 7700 
 [email protected]             

AgCert media enquiries:
 Liz Morley / Brian Hudspith                           Tel: +44 (0) 20 7379 5151


About XL TechGroup

XL TechGroup identifies unmet market needs in the Biotech, Ecotech and Medtech
sectors and then systematically creates and develops successful disruptive
technology businesses to exploit these needs.  The Company has developed a
unique proven method to rapidly bring companies from inception to liquidity,
matching unexploited IP from a group of corporate and technology partners to the
identified unmet market need.  XL TechGroup employs its own predictive algorithm
to ensure the market will rapidly adopt the identified solution and then moves
to scale the company specifically created to exploit the opportunity.

Before forming XL TechGroup, the management team created substantial value for
shareholders over a twelve year period, successfully exiting six technology
businesses at an average market valuation of approximately US$500 million.

The listing of the first company created under the XL TechGroup banner, AgCert
International, continues to validate the systematic approach to value creation.
•    AgCert International was created by XL TechGroup in May 2002 and is a
     global leader in the production and sale of agriculturally derived 
     greenhouse gas emission reductions, with business in Europe, Asia, North 
     America and South America.  AgCert was listed on the London Stock Exchange 
     in June 2005 and XL TechGroup maintains a 27.2% interest in AgCert.

The second and third companies in the new generation of XL TechGroup businesses
•    TyraTech LLC, which was created by XL TechGroup in July 2004, is developing 
     a new class of highly effective, non-toxic pesticides using cloned insect 
     chemoreceptors, based on approved, safe, natural oils.  Its development is 
     progressing rapidly particularly in human healthcare applications.  
     TyraTech, which is 66.7% owned by XL TechGroup, is continuing discussions 
     with companies in North America, Asia and Europe as well as numerous 
     national public health programs about the licensing and distribution rights 
     for its patented formulations in relation to natural insecticide and 
     personal care products.

•    DxTech LLC was created by XL TechGroup in July 2005, and is developing a 
     unique micro-fluidic platform that replaces essentially all biological 
     tests currently performed at reference laboratories with a fully-automated,
     point-of-care device.  This technology has applications in significantly
     lowering costs and increasing efficiency for major pharmaceutical companies 
     in their clinical trials, the provision of diagnostics in developing 
     countries and delivering a new revenue stream for doctors in the USA.  
     DxTech is currently 100% owned by XL TechGroup.

XL TechGroup has a number of other opportunities already at an advanced stage in
its business creation pipeline, and expects to create one-to-two new companies
annually that can each achieve a liquidity event worth at least US$400 million
within four years from inception.

For further information, see

About AgCert

AgCert International plc is listed on the London Stock Exchange. The Group was
founded in 2002 to produce and sell reductions in greenhouse gas emissions
(referred to as 'Offsets') from agricultural sources on an industrial scale.
These Offsets are intended to satisfy the requirements of the Kyoto Protocol and
be capable of being traded on the newly established European cap and trade
system, the European Union Emissions Trading Scheme ('EU-ETS').

AgCert has identified agriculture as one of the largest commercial opportunities
for Offset production and expects to be a leading supplier of Offsets from this
sector. Agriculture is responsible for around 20 per cent of the world's annual
greenhouse gas emissions. Under the Kyoto Protocol, any reductions in greenhouse
gas emissions derived from this sector qualify as CERs provided they are derived
from projects that have been validated by a DOE and Registered by the UN
Executive Board and are properly verified and certified according to the
stringent requirements laid down by the UN. AgCert's proprietary systems and
processes include one of only two UN approved large scale methodologies for the
production of Offsets in the agricultural sector. This has given the Group early
strategic advantages in capitalising upon the rapidly evolving carbon based
emission trading markets.

The Group's strategy is to expand rapidly its Offset production and resultant
sales capacity by commencing the modification of AWMS on farms where it has
already entered into arrangements with farmers and by rolling out its turnkey
AWMS modification methods both geographically and across additional livestock
species beyond its current focus on swine through the entry into contracts with
additional farms.

More information about AgCert's Greenhouse Gas Reduction projects can be found

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                           

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