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Update on OSC's Proposed Order for egX

VANCOUVER, BRITISH COLUMBIA - (Marketwire - Sept. 5, 2008) - egX Group (TSX VENTURE:GFG) advises that the comment period regarding a proposed Order from the Ontario Securities Commission (OSC) to authorize egX Canada to carry on business as a stock exchange in Ontario has expired. One comment letter was received by the OSC and egX Group has submitted a response which can be viewed at http://www.egxcanada.com/info/pdf/Response_Re_OSC_Comments.pdf.

egX Group is continuing to work with the OSC through the application process and expects the OSC will consider the grant of the final Order following the resolution of any remaining regulatory matters.

"We appreciate the comment we received and look forward to working with all industry participants as we prepare to launch egX Canada during the fall of 2008," states Mary Wong, President of egX Canada. "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."

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. Website: www.egXWorld.com

Copyright © 2009, MarketWire Canada
Copyright © 2009, NewsBlaze, Daily News

Tags: ,Real Estate and Construction,Commercial Real Estate,STOCK/OTHER MARKET NEWS

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