Resignation of Nominated Adviser (2878F)

TIDMBGTI

RNS Number : 2878F

BgenuineTec Inc.

20 April 2011

FOR IMMEDIATE RELEASE

20 April 2011

BgenuineTec Inc

("BgenuineTec" or the "Company")

Resignation of Nominated Adviser

BgenuineTec announced 11 January 2011 that because the Company was unable to proceed with a proposed fundraising, due to action brought against the Company through the Japanese courts by certain shareholders. As a consequence, the board requested that trading in the Company's shares be suspended pending further clarification of the Company's financial position. The Company's financial position remains uncertain.

The Board announces that Charles Stanley Securities, the Company's nominated adviser for the purposes of the AIM Rules for Companies ("AIM Rules"), has tendered its resignation as the Company's Nominated Adviser and Broker, with immediate effect.

If BgenuineTec has failed to appoint a replacement Nominated Adviser by 23 May 2011, the admission of the Company's shares to trading on AIM will be cancelled in accordance with Rule 1 of the AIM Rules.

For further information, please contact:

BgenuineTec Inc [phone]

Taketoshi Kashiwabara

(Chairman)

Hiroaki Kunieda

(Chief Executive)

Charles Stanley Securities [phone]

Nominated Adviser

Russell Cook / Dugald Carlean

This information is provided by RNS

The company news service from the London Stock Exchange

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