egX Group Inc.
TSX VENTURE : GFG

egX Group Inc.

October 29, 2007 07:30 ET

CDS to Provide Trade Clearing and Settlement Services for egX Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - egX Group (TSX VENTURE:GFG) today announced that its wholly-owned subsidiary, egX Canada Inc. (egX), has reached an agreement for the provision of trade clearing and settlement services with Clearing and Depository Services Inc. (CDS). CDS has acknowledged that egX has satisfied the conditions for qualification as a source of exchange trades in the Automated Clearing and Settlement System (CDSX).

"The agreement with CDS satisfies a pre-operating condition contained in the recognition order issued by the British Columbia Securities Commission relating to the clearing and settlement of trades executed on egX Canada," stated Leo Chamberland, President and CEO of egX Group. "The fulfillment of this requirement brings us one step closer to launching egX and becoming a global securities marketplace designed for the listing and trading of real estate."

CDS is a partner to securities market participants, providing reliable, cost-effective depository, clearing, regulatory and information services. As Canada's national securities depository, clearing and settlement hub, CDS supports Canada's equity, fixed income and money markets, holding over $3 trillion on deposit and handling over 62 million domestic securities trades annually.

About egX Group

egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate and related financial products. The Company is preparing to launch its first marketplace in Canada under egX Canada, a wholly-owned subsidiary of egX Group. To achieve global presence and to penetrate international markets under the egX brand, egX Group is partnering with interested parties established in the key international financial centers in Europe, the Middle East, the Asia-Pacific region, and the Americas. Additional information, including the Company's business plan is made available at www.egXWorld.com.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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