Major market development in Asia for XL Generation
ZUG, Switzerland--(BUSINESS WIRE)--Nov. 3, 2005--
XL Generation Grants Korean AP Worldwide Inc. Manufacturing and
Distribution of XL Pro Turf System in Asia
XL Generation International Inc (OTCBB:XLGI), a leading provider of
artificial turf products and other leisure and sports surfaces is
proud to announce that XL Generation AG has granted a manufacturing
and distribution license to AP WORLDWIDE inc, a Korean corporation
having its head office in Seoul. The purpose of the license is to
authorize APW to manufacture and sell XL Turf product namely for the
South Korean market but also in the rest of Asia. APW and APW's
subsidiary are very active business players in the South Korean
football business and in the Asian sports marketing industry.
Cyrus Lee. J.H, Chief Executive Officer of AP Worldwide, proudly said:
"XL Generation is giving APW a great opportunity to develop XL Turf
products in Asia, namely for the South Korean market. With its unique
non infill and eco-environmental friendly products, XL Generation and
APW will be in a very good position to file with the South Korean
Government for the BTL ("Build- Transfer - Lease") Program which will
be granted, next summer, by the government with regard to the
installation of more than 700 pitches artificial sport surfaces,
namely for schools and communities".
Since it is a mobile system, the XL surface is ideally suited for
multi-functional stadiums. The whole surface can be removed and
re-installed in minimal time to accommodate various events. This
feature, which is sold at a very competitive price, has a considerable
impact on the economic performance of the stadiums.
H.E. Ambassador Alain Lemieux, President and CEO of XL Generation said
its corporation "is proud to be partner with AP Worldwide for the
South Korean market, but also in the rest of Asia. This company has
developed an 'enviable' position in the sport business community in
Korea namely in the football area. It is our intention to develop this
huge Asian market with our first strategic partner, AP Worldwide."
AP Worldwide has also accepted to be XL Generation's partner, for
South Korea, in the Sport for Peace Program to be implemented by XL
Generation with CISRI-ISP Observer Mission to the UN.
XL Generation, based in Zug, Switzerland, holds the worldwide
commercial and manufacturing rights for the revolutionary "XL
technology" protected by a web of patent/patent applications in up to
42 jurisdictions.
APW inc. and its subsidiary carry on the business summarized as Sports
property licensing such as the whole K-League Rotating ad-boards sales
rights, Licensing & Distribution right of Sports drink, Development of
Sports promotional media, Negotiation and management of Sponsorships
agreement and Sports marketing consultancy services.
Forward-Looking Statements
Except for historical information provided herein, this press release
may contain information and statements of a forward-looking nature
concerning the future performance of the Company. These statements are
based on suppositions and uncertainties as well as on management's
best possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Company's products and
services, the impact of price pressures exerted by competitors, and
general market trends or economic changes. As a result, readers are
advised that actual results may differ from expected results.
XL Generation International Inc. (OTC Bulletin Board:XLGI)
Contacts
XL Generation International inc.
Investor Relations
(514) 845-4687
investor@quevest.com:
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