BioPesTech Announces Breakthrough in Natural Insecticides; New Non-Toxic Insecticide Technology is Highly Effective and Harmless to Humans.

MELBOURNE, Fla. & LONDON -- XL TechGroup, which specializes in developing technology companies and bringing new technologies to market, today announced that one of its portfolio companies, BioPesTech, LLC ("BioPesTech"), a developer of highly effective non-toxic insecticides, has received data from a series of independent tests showing that its uniquely developed natural insecticides are significantly more effective in killing insects than the chemical alternatives currently on the market. These results also demonstrate the success and efficacy of BioPesTech's technology platform which has been designed to create a new category of both effective and safe insecticides.

The tests on the BioPesTech insecticide formula were designed to highlight the efficacy and safety of the products on a range of insects. The formula was 100 percent effective in killing crawling insects, including ants, human lice and cockroaches. Although cockroaches are among the most difficult insects to kill, the BioPesTech formula killed 100% of the cockroaches within five minutes, significantly faster than toxic chemicals widely used today. Tests on head lice yielded a similar result. All the lice eggs and adult lice were killed in less than five minutes, more than three times faster than the currently used treatments. Additionally, the BioPesTech formula was shown to be as effective in repelling mosquitoes as DEET (N,N-diethyl-m-toluamide), the most common anti-mosquito chemical used today, but without the potentially harmful side effects.

BioPesTech's natural insecticide technology works by targeting the chemoreceptors of insects. Blocking these important chemoreceptors (a complex group of proteins that determine insect behaviour and survival) deregulates the intracellular signalling, thereby either repelling or killing the insects. Using their biochemical expertise, BioPesTech, in partnership with Dr. Essam Enan, a renowned biochemist and toxicologist at Vanderbilt University's School of Medicine, has cloned these insect receptors and has developed a proprietary screening methodology. BioPesTech has shown that selected GRAS (generally regarded as safe) natural oils bind tightly to insect chemoreceptors. Although this phenomenon has been known for many years and insect repellents have been made using these oils, BioPesTech's technology enables it to predict and measure both the binding efficiency of the oils to the insect's receptors and the downstream signalling events that happen inside the cell. This has allowed BioPesTech to discover natural oil combinations or mixes that produce a large synergistic effect on specific insects. Formulations can be optimized to target specific species of insects, resulting in products with superior efficacy.

The European Union has recently banned hundreds of chemicals that are the active ingredients in most 'traditional' pesticides, resulting in an immediate need for new, non-toxic insecticides such as the BioPesTech formula. The global market for insecticides and pesticides is currently estimated to be worth more than US $30 billion per annum.

"These early results highlight the potential of BioPesTech's insecticide technology and are a good indication of the commercial opportunity that lies ahead," said Rick Brenner, President, BioPesTech. "BioPesTech is another example of the effectiveness of the XL model that is designed to create companies which offer unique solutions for significant unmet needs in their marketplace."

BioPesTech is currently in the advanced development phase for the insecticide formula and is involved in licensing and distribution discussions with a number of global consumer product companies.

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About XL Tech Group

XLTechGroup, Inc. (AIM:XLT), based in Melbourne, Florida, is a unique company creation and development business focused on identifying unmet market needs, matching dynamic new technology solutions, and building successful businesses that transform markets, primarily in the life sciences and technology sectors. Its most advanced businesses are AgCert International, LLC, a company involved in the creation of carbon emission credits from agriculture, and BioPesTech, LLC, which is developing a new class of non-toxic pesticides made from safe, natural oils. Through the creation, development and scaling-up of a number of such businesses, XL TechGroup aims to generate multiple returns for its investors from a single investment. For more information, please visit our web sites: http://www.xltg.com or http://www.BioPesTech.com