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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
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