egX Group Inc.
TSX VENTURE : GFG

egX Group Inc.

June 16, 2008 09:00 ET

egX Canada Engages PricewaterhouseCoopers

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - egX Group Inc. (TSX VENTURE:GFG), is pleased to announce that its wholly-owned subsidiary, egX Canada Inc., has appointed PricewaterhouseCoopers LLP (PwC) to assist with egX Canada's review of its information technology processes and internal controls relevant to egX Canada's trading system. The review will be based on the selected processes and control objectives from the COBIT (Control Objectives for Information and related Technology) framework developed by the Information Systems Audit and Control Association (ISACA) and the IT Governance Institute (ITGI). This review is expected to be completed during the summer months. NASDAQ OMX is operating and managing egX Canada's trading system.

"With PwC's assistance, the completion of our review will satisfy a pre-operating condition contained in the recognition order issued by the BCSC," said Mary Wong, President egX Canada.

egX Group also advises that Tony Tennessy, an Advisory Board Member of egX Group travelled to China with government and business representatives to promote new business opportunities and investment into local companies. A delegation of New Westminster City Council members, senior city staff and local business people embarked on a 12-day mission to China in mid-June beginning with business networking activities at the BC Canada Pavilion in Beijing. From Beijing, the delegation travelled to Shanghai, Zhenjiang, Lijiang (New Westminster's sister-city), Kunming and back to Beijing prior to returning to New Westminster.

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.

Caution regarding forward-looking information

Certain statements in this news release may constitute "forward-looking information". We have used words such as "will" to identify forward-looking information. This forward-looking information is based on current expectations and projections about the industry in which we operate, as well as certain assumptions made by our management, as at the date of this news release. Actual results may vary from the forward-looking information. Factors that could cause actual results to differ materially from those contemplated by this forward-looking information include general market and economic conditions, reliability of information systems, government regulation and changes in legislation. Many of these factors are beyond our control. egX Group Inc. discusses these factors in greater detail in filings with the Canadian provincial securities commissions.

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

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