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XL TechGroup, Inc. (XLT)


Thursday 22 February, 2007

XL TechGroup, Inc.

XL TechGroup - AgCert

XL TechGroup, Inc.
22 February 2007

Press Release                                                   22 February 2007

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

              XL TechGroup company, AgCert, issues company update

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
company update.

The Board of AgCert announces that, having conducted an operational and
financial review of its business, it is finalising a revised strategy that
requires significantly less funding to meet their expectations for the delivery
of CERs.  It is anticipated that the more efficient strategy will require
funding of between €40M to €50M.

The Board of AgCert will provide a further update when it announces results for
the year ended 31 December 2006.

                                    - Ends -

For further information:

XL TechGroup Inc.

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

Leena Patel                                            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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