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26 March 2008
FOR IMMEDIATE RELEASE 26 March 2008
NOTICE OF ANNOUNCEMENT OF FINAL RESULTS FOR 2007
xG Technology, Inc. (LSE-AIM: XGT), the communications
technology business, will
announce its final results for the year ended 31 December 2007
on Tuesday 8
April 2008.
A press briefing will be held at 10.45 am on that day at
Bankside's offices, 1 Frederick's Place, London EC2R 8AE.
A lunch briefing for analysts will be held at 12.30 pm at
Bankside's offices,
1 Frederick's Place, London EC2R 8AE.
Ends
Enquiries:
Rick Mooers, Chairman & CEO
Roger Branton, Chief Financial Officer
xG Technology, Inc.
+44 20-7367-8888
www.xgtechnology.com
Steve Liebmann, Simon Bloomfield or Chris Price
Bankside
+44 20-7367-8888
Francis Moore or 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
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