XcelPlus Shareholders to Get Shares in XcelPlus Global Holdings
March 14 2006 - 10:34AM
Business Wire
XcelPlus International Inc (PINK SHEETS:XLPI), XcelPlus
International (http://XcelPlus.com) has established a new
corporation to act as the principle holding company for all of its
licenses, patents and proprietary formulas going forward. XcelPlus
Global Holdings Inc, the new Nevada Corporation, will be used for
acquisitions and product development for all our products and
formulas on a global scale. The new company will also be the parent
company for XcelPlus International Inc, E85 Conversion and Lube
Center operations, as well as XcelPlus Asia Pacific holdings. All
shareholders of record in XcelPlus International Inc (trading
symbol XLPI) will receive a one year restricted stock distribution
of 1 share in Xcelplus Global Holdings, Inc. for every 20 shares
they hold in Xcelplus International Inc on April 7th and the stock
distribution payout date is scheduled for April 21st 2006. We are
also now pushing our E85 conversion program to enable cars to burn
E85 fuel with their regular gasoline. Our proprietary lubricants
will enable cars to use E85 without damaging their engines form the
acids produced through the combustion of E85. More information is
being made available at the XcelPlus website at
http://www.xcelplus.com This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities and Exchange Act of 1933, as amended, and Section 21E of
the Securities and Exchange Act of 1934, as amended, which are
intended to be covered by the safe harbors created thereby.
Investors are cautioned that all forward-looking statements involve
risks and uncertainties. Although XcelPlus International believes
that the assumptions underlying the forward-looking statements
contained herein are reasonable, any assumption could be
inaccurate, and therefore, there can be no assurance that the
forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties
inherent in the forward-looking statements included herein, the
inclusion should not be regarded as a representation by XcelPlus
International Inc or any other person that the objective and plans
of XcelPlus International Inc will be achieved. For investor
relations you can contact Brad Novak at bnovak@xcelplus.com or by
phone at 949-661-5780.
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