|
xG Technology Inc.
10 September 2008 xG TECHNOLOGY, INC.
(the "Company")
Appointment of Joint Broker
xG
Technology, Inc. ("xG" or "the Company"; LSE-AIM: XGT),
the communications technology business, today announces that
it has appointed Daniel Stewart & Company PLC as its joint
broker with immediate effect. Daniel Stewart & Company PLC
will act as joint broker alongside xG’s current broker
Religăre, Hichens Harrison PLC. ING Bank N.V. London
Branch continues as Nominated Adviser.
- Ends -
Enquiries:
xG Technology, Inc.
Rick Mooers, Chairman and Chief Executive Officer
Roger Branton, Chief Operating Officer and Chief Financial
Officer
+44 20-7367-8888
www.xgtechnology.com
Bankside
Steve Liebmann or Simon Bloomfield
+44 20-7367-8888
Religăre, Hichens Harrison PLC
Daniel Briggs
+44 20 7588 5171
Daniel Stewart & Company PLC
Simon Starr
+44 20 7776 6550
ING Bank N.V., London Branch (Nominated Adviser)
Xavier Moreels or Francis Moore
+44 20-7767-1000
ABOUT XG TECHNOLOGY (AIM:XGT)
XG TECHNOLOGY'S BUSINESS
Based in Florida, USA, xG
Technology has developed innovative, patented wireless
communications technologies which offer the potential to
reduce significantly the capital investment in and running
costs of wireless voice and data communications services.
xG has designed a mobile VoIP
(Voice over Internet Protocol) base station and handset
product line. Branded as xMax, these products are intended
for use by regional carriers (internet service providers,
competitive local exchange carriers and entrepreneurial
parties) seeking to deliver mobile Internet Protocol voice
and data services directly to consumers without using the
incumbent circuit switched or coaxial cable networks. The
xMax system provides extended range of operation and an
expected superior handset battery performance. Planned
future releases of the xMax product line include integrated
video and data applications.
For
further information visit:
www.xgtechnology.com
About Daniel Stewart & Company PLC
Daniel
Stewart & Company PLC is an integrated financial services
company focusing on small and medium-sized publicly traded
and non-publicly traded companies. The firm offers a full
range of investment banking services including corporate
finance, corporate broking, research, sales & trading, debt
advisory and investor relations. Daniel Stewart & Company
PLC is a regulated broker and nominated advisor (NOMAD) on
the London Stock Exchange’s Alternative Investment Market
(AIM). The firm is located in London, England.
For
further information visit:
www.danielstewart.co.uk |
