egX Group Inc.
TSX VENTURE : GFG

egX Group Inc.

November 05, 2007 07:30 ET

egX Announces Business Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - egX Group (TSX VENTURE:GFG), a company in the final stages of developing Canada's first real estate securities exchange, today announced an update of recent business activities.

Status of Ontario Securities Commission Application

As previously reported, the Company has made an application to the Ontario Securities Commission (OSC). As part of this formal procedure, management is addressing the OSC's preliminary comments and questions and will submit its response in November.

"We continue to work closely with the OSC to complete the application in a timely fashion," said Leo Chamberland, President and CEO of egX Group.

Conferences

The company also announced today that Leo Chamberland, President and CEO of egX Group Inc., will be a guest panellist at the second annual Market Regulation Services and McMaster University's DeGroote School of Business conference on market structure and market integrity. The conference is being held on November 12, 2007, at the Le Royal Meridien King Edward Hotel in Toronto, Ontario.
Further details and event registration are available at www.degroote.mcmaster.ca.

At the Calgary Enterprise Forum on October 23, 2007, Mr. Chamberland and Mr. Doug McFaul, Chief Operating Officer provided an overview on egX's business strategy, trading model, and value propositions.

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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