egX Group Inc.
TSX VENTURE : GFG

egX Group Inc.

July 11, 2008 12:53 ET

egX Receives Proposed Order from OSC to Operate as an Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2008) - egX Group (TSX VENTURE:GFG) is very pleased to report that the Ontario Securities Commission (OSC) has published for comment a proposed order to authorize egX Canada to carry on business as a stock exchange in Ontario.

The OSC has published, for a 30 day public comment period, the application filed by egX together with the proposed order to exempt egX Canada and egX Group from recognition as a stock exchange under section 147 of the Ontario Securities Act. The proposed exemption is based on the recognition order from the British Columbia Securities Commission, which is the principal regulator of egX Canada.

The comment period is open until August 11, 2008. The draft order and application can be found in the OSC Bulletin which is available at: www.osc.gov.on.ca.

The Company anticipates that the OSC will consider the grant of the final Order following the review and resolution of any matters that may be brought forward during the comment period.

"The growing trend towards the securitization of real estate and infrastructure continues to accelerate. As a new securities exchange created to service the real estate sector, we intend to create the largest peer group of real estate and infrastructure issuers," states Mary Wong, President of egX Canada. "We look forward to conducting business in Ontario as it is a vital market for egX Canada."

About egX Group

egX Group is developing egX, a global securities marketplace designed for the listing and trading of real estate and infrastructure. 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 is made available at www.egXWorld.com.

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

Contact Information