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14
March
2008
xG Technology, Inc.
Exercise of Options
Application has been made for 15,000 common shares of
US$0.01 each in xG Technology Inc. (the "Company") to be
admitted to trading on the Alternative Investment Market
("AIM") market of the London Stock Exchange pursuant to the
exercise of options of 15,000 common shares at a price of
US$0.55 per share. These shares will rank pari passu with
the Company's existing shares and dealings are expected to
commence on AIM on 19 March 2008.
Following the Admission of these shares, the Company's
total issued share capital will be 129,325,818 common shares.
- Ends -
Enquiries:
Rick Mooers, Chairman and CEO
Roger Branton, COO and CFO
+44 20-7367-8888
www.xgtechnology.com
Steve Liebmann, Simon Bloomfield or Chris Price
Bankside
+44 20-7367-8888
Herry Cho
William Marle
ING Bank N.V., London Branch (Nominated Adviser)
+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.
XGT 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.
This information is provided by RNS
The company news service from the London Stock Exchange |
