First Among the Leaders of Artificial Sports Turf Systems, XL Generation Joins the United Nations Global Compact Initiative.ZUG Zug (ts  k), canton (1993 pop. 87,100), 93 sq mi (241 sq km), N central Switzerland. , Switzerland -- XL Generation International Inc. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :XLGI), a leading provider of artificial turf Artificial turf, or synthetic turf, is a grass-like man-made surface manufactured from synthetic materials. It is most often used in arenas for sports that were originally or are normally played on grass, however, it is now being used on residential lawns and commercial products and other leisure and sports surfaces confirmed today its selection as an official member of the United Nations Global Compact Initiative. XL Generation is the first company within its industry to join this worldwide environmental and human effort seeking to reduce negative impacts of the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation . H.E. Ambassador Mr. Alain Lemieux Alain Lemieux (born May 24, 1962 in Montreal, Quebec, Canada ) is a retired ice hockey player. He played in the National Hockey League with the St. Louis Blues, Quebec Nordiques, and Pittsburgh Penguins. In 1986 he also played in Switzerland for EHC Olten. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of XL Generation International was informed recently of its selection by Mr. Georg Kell, heading the Executive Office of the Secretary-General of the United Nations, Head of the Global Compact Initiative, in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Recognizing the importance of this selection among a group of worldwide industrial leaders for its young and highly specialized company, Mr. Lemieux declared: "I am deeply honored that XL Generation was admitted into the UN Global Compact Initiative, and I am very proud to share this honor with our partners and distributors around the world." He added: "Each of us believes strongly in XL Generation's commitment to the principles of Global Compact and I will do my best to enhance its profile and its necessity among other business leaders the world." The United Nations Global Compact program seeks to promote responsible corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and aims at generating realistic solutions to face the challenges of globalization. Based on ten principles established by the UN Secretary General, this initiative invites the corporations to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labor standards, the environment, and anti-corruption. "After years of efforts to position our products in the particular market of sports, this decision of the UN Secretary's office confirms that we have achieved our goal of developing a superior product which we always thought would become a world leader because of its environment friendly, recyclable, safety and comfort qualities which affect the players mobility and health, " concluded Mr. Lemieux. XL Generation is a major supplier of artificial turf surfaces. Based in Zug, Switzerland, it 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. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's SEC filings. The Company undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's SEC filings. XL Generation International Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :XLGI) |
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