| Notice from the Office of the Secretary |
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| 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 March 26, 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.,
RONALD DAVID CROWE AND VERNON P. SMITH
AND
IN THE MATTER OF XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS
XIIVA HOLDINGS INC., XI ENERGY COMPANY, XI ENERGY
AND XI BIOFUELS
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF XI BIOFUELS INC., BIOMAXX SYSTEMS INC.,
RONALD DAVID CROWE AND VERNON P. SMITH
AND
IN THE MATTER OF XIIVA HOLDINGS INC. CARRYING ON BUSINESS AS
XIIVA HOLDINGS INC., XI ENERGY COMPANY, XI ENERGY
AND XI BIOFUELS
TORONTO – Following the hearing held yesterday in the above matter, the Commission issued an Order which provides that:
(a) the Temporary Orders are extended to May 6, 2008; and
(b) the XI Hearing and the Xiiva Hearing for the extension of the Temporary Orders and the hearing of the Respondents’ Motion are adjourned to May 5, 2008 at 10:00 a.m. or such earlier date as the Secretary’s Office may determine.
A copy of the Order dated March 25, 2008 is available at www.osc.gov.on.ca.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
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