egX Group Inc.

egX Group Inc.

March 06, 2008 09:00 ET

egX Canada Files Plain Language Listings Manual with BCSC for Public Comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2008) - egX Group (TSX VENTURE:GFG). In preparation for the upcoming launch of egX Canada, egX Group announces that it has filed with the British Columbia Securities Commission (BCSC) its plain language Listings Manual which provides clear definitions for RPI Units, Mortgage Pools, Land Banks, Infrastructure, as well as other real estate related products. The revised Listings Manual is written in plain language and is intended to provide clear and easily understandable requirements and policies for issuers whose securities will be listed on egX Canada.

"We feel that it is in the public interest for egX listed issuers, their directors and executive officers to have a clear understanding of egX rules and policies so that they can meet their obligations as public entities," said Mary Wong, President of egX Canada. "By introducing a plain language Listings Manual, that does not contain technical or legal jargon; we anticipate cost savings to our listed issuers. As a securities marketplace specializing in real estate, we understand the uniqueness of the real estate market. Issuers can rely on egX Canada's regulatory framework that has been specifically designed to be flexible and comprehensive, in order to meet the needs of our real estate issuers."

The revised Listings Manual is being published for a 30 day comment period. Following the comment period, the revision will take effect five business days after the BCSC has given its approval or is deemed to have non-objected to it.

Request for comment

We invite you to comment on the proposal which is posted on The comment period is 30 days. If you have comments, please submit them in writing to us and to the BCSC by no later than April 7, 2008. You may address your comments, as follows:

For egX Canada Inc.:

Attention: Denise Duifhuis, General Counsel
200-200 Granville Street
P O Box 48 Granville Square
Vancouver BC V6C 1S4

For the BCSC:

Attention: Sarah Corrigall-Brown, Senior Legal Counsel
701 West Georgia Street
P O Box 10142 Pacific Centre
Vancouver BC V7Y 1L2

Comments will be publicly available unless you request that they remain confidential.

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.

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.

Contact Information