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XL TechGroup, Inc. (XLT)


Friday 09 February, 2007

XL TechGroup, Inc.

Transfer of shares

XL TechGroup, Inc.
09 February 2007

Press Release                                                    9 February 2007

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

                               Transfer of shares

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, advises that, in keeping with the terms of
the previously announced financing deals with Laurus Master Fund Ltd ('Laurus'),
a total of 1,517,979 shares in AgCert International plc ('AgCert') have been
transferred to Laurus in lieu of interest and other entitlements.  These shares
are subject to the same terms of the lock-in entered into between XL TechGroup
and AgCert on 3 June 2005.

XL TechGroup continues to hold 39,220,965 AgCert shares, which represent 23.2%
of AgCert's issued share capital.

John Scott, CEO of XL TechGroup, said: 'XL TechGroup has still not sold any
shares in AgCert since it listed in June 2005, other than to fulfill obligations
with pre-IPO warrant holders last year.  We continue to share AgCert
management's confidence for the future.  This transfer is part of the normal
terms of our publicly announced agreements with Laurus.  Furthermore, the XL
TechGroup and AgCert relationships with Laurus continue to strengthen, with both
companies agreeing new financing deals within the last few weeks.'

                                    - 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]                                   

Nomura Code Securities

Richard Potts, Corporate Finance                       Tel: +44 (0) 20 7776 1200

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 (, PetroAlgae LLC and
QuoNova 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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