Excel-tech Ltd.
TSX : NRV

Excel-tech Ltd.

March 27, 2007 08:00 ET

Excel-Tech Ltd. to Engage Investment Dealer to Consider Strategic Alternatives

OAKVILLE, ONTARIO--(CCNMatthews - March 27, 2007) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES.

Excel-Tech Ltd. ("XLTEK") (TSX:NRV) announced today that its board of directors has commenced a review of various means of maximizing shareholder value after receiving a preliminary expression of interest from a potential acquiror.

XTLEK is in the process of engaging an investment dealer to act as financial adviser to review this expression of interest and to investigate various other strategic alternatives. No specific timetable has been set by the board of directors at this time.

About XLTEK

XLTEK is a medical technology company that designs, develops and sells proprietary medical devices used to monitor the central and peripheral nervous systems and used in the diagnosis of related disorders. XLTEK is headquartered in Oakville, Ontario.

Contact Information

  • Excel-Tech Ltd.
    John Mumford, President and Chief Executive Officer
    905-829-5300 or 800-387-7516
    jmumford@xltek.com