RICHMOND, BRITISH COLUMBIA--(CCNMatthews - Oct. 16, 2006) - Xillix Technologies Corp. (TSX:XLX) announced today that after the close of trading on Friday, October 13, 2006 it received a demand letter from Hercules Technology Growth Capital, Inc. (“Hercules”) for the repayment of the term loan (the “Loan”) advanced by Hercules to the Company’s wholly-owned subsidiary, Xillix US Ltd. (“Xillix US”), pursuant to the loan agreement dated as of December 20, 2005 (the “Loan Agreement”), which Loan is guaranteed by the Company.
