| Notice from the Office of the Secretary |
 |
|
| Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8 |
Commission des valeurs mobilières de l'Ontario |
FOR IMMEDIATE RELEASE October 23, 2008 |
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
XI BIOFUELS INC., BIOMAXX SYSTEMS INC.,
XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS XIIVA HOLDINGS INC.,
XI ENERGY COMPANY, XI ENERGY AND XI BIOFUELS,
RONALD CROWE AND VERNON SMITH
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
XI BIOFUELS INC., BIOMAXX SYSTEMS INC.,
XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS XIIVA HOLDINGS INC.,
XI ENERGY COMPANY, XI ENERGY AND XI BIOFUELS,
RONALD CROWE AND VERNON SMITH
TORONTO – The Commission issued an order in the above matter which provides that (1) the Temporary Orders are extended until 30 days after a decision on the merits is made in respect of the issues raised and the relief sought in the Notice of Hearing and the Statement of Allegations dated October 16, 2008; (2) a prehearing conference will take place on December 5, 2008 commencing at 11:00 a.m.; and (3) the hearing of this matter is scheduled to commence on January 5, 2009 at 10 a.m. and continue on January 7, 8, 9, 12, 13, 14, 15 and 16, 2009.
A copy of the Order dated October 22, 2008 is available at www.osc.gov.on.ca.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
- 30 -
| For media inquiries: | Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361 |
| For Investor Inquiries: | OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free) |