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XL TechGroup, Inc. (XLT)


Tuesday 30 January, 2007

XL TechGroup, Inc.

AgCert share price movement

XL TechGroup, Inc.
30 January 2007

Press Release                                                 30 January 2007

                               XL TechGroup, Inc.

                       ('XL TechGroup' or 'the Company')

XL TechGroup company, AgCert, issues release in response to share price movement

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'), a leader in the production and sale of
agriculturally derived greenhouse gas emission reductions, has today issued a
statement in response to a movement in AgCert's share price.

The Board of AgCert confirms that there is no operational reason to explain the
share price movement and reaffirms its expectations contained in the AgCert
trading update released on 21 December 2006.

For 2007 AgCert expects to see an incremental increase in the run-rate capacity
of 5 million CERs.  The forward run-rate at the end of 2007 will therefore be an
annualised 8 million CERs.  In 2008 AgCert intends to create a further 5 million
CERs so that, at the end of 2008, the company will have a productive forward
run-rate of an annualised 13 million CERs.

At the time of the 21 December 2006 trading update AgCert referred to an
efficiency run rate of 50%.  The implementation of new processes continues to
positively impact output levels so that on a like-for-like basis operating
levels are at 60% efficiency.

AgCert will release full year figures for the year to end 31 December 2006 on 26
March 2007.

John Scott, CEO of XL TechGroup, commented: 'AgCert continues to make
significant progress and we are pleased that the expectations highlighted in
their December 2006 update have today been reaffirmed.  The company has
established itself as a dominant, global player in a rapidly growing industry
and is on track to deliver a productive forward run-rate of an annualised 13
million CERs by the end of 2008.  AgCert's efficiency levels are, as expected,
continuing to show considerable improvement and, as the company expands to new
geographies and verticals, we are happy to reiterate that we share AgCert
management's confidence about the future.'

                                    - Ends -

For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                               Tel: +1 321 409 7403
[email protected]                                
Chris Munden, Director of Investor Relations           Tel: +44 (0) 20 7398 7720
[email protected]

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


About XL TechGroup

XL TechGroup is in the business of significant value creation.  Working with
major international corporate and technology partners such as AES, Procter &
Gamble and leading universities, XL TechGroup first identifies global unmet
market needs and then targets and exploits these by the systematic creation of
successful, disruptive technology businesses.  These are built from scratch, and
are then funded and developed by XL TechGroup through to the point of a trade
sale or a stock market listing.

XL TechGroup's unique and proven methodology selects the best opportunities in
order to create one-to-two new companies annually, where each company is
expected to achieve a valuation of at least US$400 million within four years
from its creation.  While an XL TechGroup company might perform a stock market
listing at an earlier point in this four year timeframe, XL TechGroup would
retain its controlling interest and would continue to assist with the company's

XL TechGroup's companies to date are: AgCert International plc (,
TyraTech LLC (, DxTech LLC ( and PetroAlgae LLC.

XL TechGroup has also established GenXL LLC as a joint venture to capture the
value of those prospects that do not quite meet the US$400 million, four year
criteria but still demonstrate considerable potential worth.  Over and above XL
TechGroup's core business model, GenXL will review a significant flow of
opportunities from both XL TechGroup and GEN3 in order to generate new
companies, standalone product lines and technology licensing opportunities or an
appropriate mix of these.

For further information, see

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

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