Pebble Beach Systems Group plc (the "Company" or the "Group")
Response to xG Technology Inc Press Release
The Company notes the press release issued by xG Technology Inc ("xG") dated 7 March stating that they are in dispute with the Company. The Board is not aware of any dispute or any breaches of the Business Purchase Agreement as alleged and has requested from xG disclosure of the allegations made.
For further information please contact:
John Varney Non-Executive Chairman Pebble Beach Systems Group plc |
+44 (0) 14 88 68 55 00 |
Charlie Jack / Bertie Berger Hudson Sandler |
+44 (0) 20 77 96 41 33 |
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Shaun Dobson / James White N+1 Singer |
+44 (0) 20 74 96 30 00 |
The Company is listed on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com.
About Pebble Beach Systems Limited
Pebble Beach Systems Limited (Pebble) is a leading developer and supplier of automation, channel in a box, integrated and virtualised playout technology for TV broadcasters, service providers, and cable and satellite operators. Founded in 2000 and headquartered in Weybridge, Surrey, Pebble has developed a portfolio of successful products which have the flexibility to support a wide range of broadcast applications with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble's international client base includes TV Globo Brazil, Fox News and Business channels USA, ZDF Germany, Orbit Showtime Network UAE, TV4 Sweden, TV2 Denmark, MTG UK, DMC in the Netherlands and AMC Networks Inc. USA.
