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XL TechGroup, Inc. (XLT)

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Wednesday 05 April, 2006

XL TechGroup, Inc.

AgCert Preliminary Results

XL TechGroup, Inc.
05 April 2006


Press Release                                                       5 April 2006


                               XL TechGroup, Inc.
                        ('XL TechGroup' or the Company')


     XL TechGroup company AgCert announces its audited preliminary results


XL TechGroup, Inc. (AIM: XLT), the systematic architect and builder of an
ongoing stream of high value new companies, advises that XL TechGroup company
AgCert International plc, a leader in the production and sale of agriculturally
derived greenhouse gas emission reductions, has today issued its audited
preliminary results for the period to 31 December 2005.


AgCert has also announced an important long term strategic partnership with The
AES Corporation ('AES'), the global power company.  The components of this
partnership include the proposed placing of new AgCert shares with AES that
would raise approximately €40 million and give AES a stake in AgCert of 9.9%, as
well as a forward CER (Certified Emission Reduction) sales contract that
incorporates a secured pre-payment to AgCert of up to €60 million.


As a pioneer in the carbon credit market, AgCert has experienced rapid growth
and has already established a significant presence in Brazil and Mexico, where
the first CERs have already been issued.  AgCert has also reported significant
operational progress since the appointment of Bill Haskell in September 2005,
with over 400 operational sites in place which are expected to generate over 20
million CERs during the ten year contract terms.  Finally, AgCert has secured
advance sales contracts for CERs with future cash flows of approximately €94
million, not including the AES pre-payment.


Dr John Scott, CEO of XL TechGroup, said:  'We are very pleased with the
significant progress that has been made at AgCert since Bill Haskell took over
as interim CEO in September 2005.  As a leading shareholder in AgCert, it
therefore gives us considerable comfort that the AgCert board has asked Bill to
become their permanent CEO.  We fully share his confidence about the attractive
long-term prospects for AgCert.'


                                    - ends -


For further information:

XL TechGroup Inc.
John Scott / Harold Gubnitsky                               Tel: +1 321 409 7403
[email protected]                                          www.xltechgroup.com


XL TechGroup media inquiries:

Abchurch Communications
Heather Salmond / Chris Munden                         Tel: +44 (0) 20 7398 7700
[email protected]                        www.abchurch-group.com


NOTES TO EDITORS


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.  www.agcert.com



The second and third companies in the new generation of XL TechGroup businesses
are:



•  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.
www.tyratech.com



•  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-need 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 88% owned by
XL TechGroup.  www.dxtech.com


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 www.xltechgroup.com


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

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