XShares Group, Inc. Sells Exchange-Traded Fund
Manager and Refocuses on Real Estate Fund
June 30, 2010 05:09 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--XShares Group, Inc. announced today that it has sold its principal
operating subsidiary, exchange-traded fund manager XShares Advisors, LLC. XShares Group, Inc. will change its
name to BNDRE Holdings, Inc. BNDRE Holdings will refocus its efforts on becoming a leading manager of
distressed real estate in the U.S., an area in which the company has both expertise and opportunity.
Under the terms of the sale, XShares Group, Inc. will no longer have the responsibility of fund management oversight
of the family of five TDX Independence target-date exchange-traded funds. In addition, XShares Group, Inc. has
successfully resolved its outstanding balance sheet issues by repaying substantially all of its creditors, and converting
all outstanding long-term debt into equity.
Broadmark Capital, LLC
David Lukas, 206-623-1200, x118