Trading Symbol: GFG - TSX Venture
VANCOUVER, Aug. 17 /CNW/ - egX Group is pleased to announce the addition
of Derek Lynden as its new Chief Information Officer. Mr. Lynden will operate
from egX's office located in The Exchange Tower at 130 King Street West,
Mr. Lynden has over 19 years experience covering all aspects of the
technology business including 4 years as Director, Business Solutions at TSX
Group in Toronto. Previously, Mr. Lynden worked 15 years with IBM Global
Services Canada, the last 3 being in securities industry services.
Mr. Lynden held senior roles in technical operations support and solution
architecture, as well as senior roles in new business development, technical
resource management and the marketing of outsourcing opportunities. In
addition to effectively managing relationships with securities industry
participants, Mr. Lynden consistently increased revenue generated by various
"As we prepare to launch egX Canada and to penetrate international
markets under the egX brand, Mr. Lynden's extensive industry experience will
be instrumental to the successful deployment of our global securities
marketplace for real estate," commented Mr. Leo Chamberland, President and CEO
of egX Group. "We are very excited to add yet another industry veteran to our
"egX is a very unique concept with incredible potential and global
demand. I look forward to joining egX's current team of experienced
professionals and being a key member in realizing and implementing the
Company's global vision," commented Mr. Derek Lynden.
Mr. Lynden has a BSc. in Neuroscience from the University of Toronto and
has completed business development courses from IBM, Schulich School of
Business and Harvard University.
The Company also announces that it has granted to directors and/or
officers of the Company, subject to all necessary regulatory and shareholder
approvals, an aggregate of 300,000 incentive stock options of egX Group. The
options, subject to vesting provisions, are exercisable on or before
August 17, 2010 at a price of $0.35 per common share.
About egX Group
egX Group is developing the egX, a global securities marketplace designed
for the listing and trading of real estate securities and related financial
products. 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
On behalf of the Board of Directors
Leo Chamberland, Director
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: visit us at www.investment.com, contact the
Company at (604) 681-7210, or review the most recent Annual Information Form
filed on SEDAR at www.sedar.com. We also invite you to read the Company's
business plan made available on the front page of our website.