State officials have not decided whether the authoritywould revive the bond deal and were unlikely to do so untillater in June according

State officials have not decided whether the authoritywould revive the bond deal and were unlikely to do so untillater in June, according to Newton. (Editing by Jane Sutton and Dan Grebler) Stocks Bonds Funds News ETFs News. TORONTO, ONTARIO, Jun 12 (MARKET WIRE) — The Board of Directors of XGEN Ventures Inc. (the “Company” or “XGEN”)(NEX BOARD: XGN.H) is providing the following update with respect tocertain litigation.In March 2008, XGEN filed a Statement of Claim in Alberta Court ofQueen’s Bench (the “Action”) against Scott Henderson and Trojan EnergyInc., (the “Defendants”) citing “fraudulent misrepresentation,” “breachof contract” and “breach of fiduciary duty” with resultant voiding of amanagement agreement dated June 1, 2006 and cancellation of a net profitinterest royalty agreement.In the Action, the Company asserted that the Defendants fraudulentlymisrepresented its education, competency, and certification as aProfessional Reservoir and/or Professional Petroleum Engineer. XGENfurther asserted that these professional credentials were either neverearned or not maintained in good standing.On April 2, 2009, the Defendants filed a statement of defense andcounterclaim for specific performance of the Management Agreementclaiming an earned net profit entitlement.

The Company has responded byfiling a Reply to Statement of Defence and Defence to Counterclaim onApril 24, 2009.The Company views the Counterclaim as frivolous and without merit. XGENwill vigorously defend its position.The Company will provide updates as matters proceed.Forward-Looking StatementsInformation provided herein contains forward-looking statements. Thereader is cautioned that assumptions used in the preparation of suchinformation, which are considered reasonable by the Company at the timeof preparation, may prove to be incorrect. Actual results achieved mayvary from the information provided and the variations may be material.There is no representation by the Company that actual results achievedwill be the same in whole or in part as those indicated in theforward-looking statements.Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.Contacts:XGEN Ventures Inc.Rod J. MacKenzieManaging Director403-201-0387Copyright 2009, Market Wire, All rights reserved.-0-. TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad was ahead with almost 69 percent of the votes in Friday’s presidential election, after 35 percent of the ballot boxes had been counted, election commission figures showed.

WorldAhmadinejad’s main challenger, moderate former Prime Minister Mirhossein Mousavi, had nearly 29 percent of the votes cast, according to the commission which is part of the Interior Ministry.(Reporting by Parisa Hafezi; Writing by Fredrik Dahl, editing by Dominic Evans) World. WILMINGTON, Del.–(Business Wire)–Regulatory DataCorp (RDC), a leader in compliance and risk mitigationtechnology, today announced three executive appointments that solidify thecompany`s senior management team and support RDC`s rapid growth.* Tom Fogarty is named Chief Financial Officer, with responsibility for RDC`soverall financial strategy and reporting Mr. Fogarty brings more than 20 yearsof financial experience from several technology companies, including AxedaSystems, where he was Executive Vice President and Chief Financial Officer,Ravisent Technologies, DecisionOne and Bell Atlantic, now Verizon (NYSE:VZ). * Joe Ricca is named Senior Vice President, Sales, with responsibility for RDC`sglobal sales and marketing operations. In addition to his experience buildingand scaling global organizations, Mr. Ricca brings 23 years` experience infinancial services technology, regulatory, and compliance related solutions witha record of sales achievement at Dun & Bradstreet Software (NYSE:DNB), FinancialTechnologies International, Providus Software and others. * Tom Pirro is named Sales Director, with responsibility for executing RDC`sglobal sales strategies and customer relationship management Mr.

Pirro has beenpart of the compliance and risk mitigation sector for more than 20 years,previously serving as General Manager of the Compliance Data Center for Equifax(NYSE:EFX).Mark A. Parsells, RDC Chairman and Chief Executive Officer, said, “As we pursueaggressive growth strategies, RDC is pleased to welcome Tom Fogarty, Joe Riccaand Tom Pirro to our management team. These recognized business leaders willaccelerate the pace as RDC expands the reach and influence of its best-in-classcompliance solutions. Each has deep experience helping organizations scale up tomeet goals, and each will help solidify RDC`s position as a global leader inrisk mitigation and compliance technology.” About Regulatory Data CorporationRegulatory DataCorp. () was founded by Goldman Sachs and 19 otherleading financial institutions and is the only regulatory compliance vendorbuilt by the financial services industry. Bain Capital Ventures, LLC, aBoston-based private equity firm, became a lead investor in RDC in 2007. TodayRDC offers the world`s largest database of open-source, risk-relevant recordsand an array of products and services that satisfy due diligence requirementsand enable compliance with anti-money laundering (AML) laws, Know Your Customer(KYC) rules and related reporting requirements.