egX Group changes fiscal year end

    Trading Symbol: GFG - TSX Venture

    VANCOUVER, Aug. 3 /CNW/ - egX Group announces that its Board of Directors
has approved changing its financial year end date from August 31st to
December 31st. The Company will report the fiscal year September 1st 2006 to
August 31st 2007 and then report a 4 month short fiscal year from
September 1st 2007 to December 31st 2007. Thereafter, the Company will report
from January 1st to December 31st with interims at March 31st, June 30th and
September 30th. The change of financial year end was implemented to align the
Company's reporting periods with peer companies.

    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"

    Leo Chamberland, Director

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.

    %SEDAR: 00008146E

For further information:

For further information: visit us at, contact the
Company at (604) 681-7210, or review the most recent Annual Information Form
filed on SEDAR at We also invite you to read the Company's
business plan made available on the front page of our website.

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