CORRECTING and REPLACING XcelPlus Global Holdings Announces Xcelplus Lube Centers, Inc.
April 03 2006 - 12:29PM
Business Wire
Please replace the release with the following corrected version due
to multiple revisions. Corrected release reads: XCELPLUS GLOBAL
HOLDINGS ANNOUNCES XCELPLUS LUBE CENTERS, INC. XcelPlus Global
Holdings, Inc., a Nevada Corporation and parent company of XcelPlus
International Inc (PINK SHEETS: XLPI), (http://XcelPlus.com) has
established a new corporation to purchase and convert quick lube
centers over to our new E85 program. XcelPlus Lube Centers, a
Nevada Corporation, was recently established to further the growth
of the company. The name of these new centers are yet to be
released as we are still looking for the appropriate name that best
reflects our operations in this area. We hope to have a name
secured in the near future. The corporation will begin locating and
purchasing lube centers in the mid west where E85 fuel is
prevalent. The centers will be able to adapt cars to use E85 fuel
with our Flextek technology from Brazil. The Brazilians have been
using ethanol for more than 20 years and have perfected the
adapters for vehicles to run on E85. The technology is also
removable in a few minutes in the event that the vehicle is sold.
The system has a switch which enables the driver to pick which fuel
they are going to use. The Flextek system is designed allows the
injector to remain open a little longer so that it will get enough
fuel into the system to run properly. Our lube centers we will also
treat the engines with our Xcelplus E85 Engine Protectant so that
the acids associated with E85 do no harm to the motors. We will
also pre clean the fuel system so there are no future problems.
With the growing expansion of E85 on a national level, we feel we
can effectively service vehicles nationwide with no detriment to
the environment or the vehicles. The centers will also offer E85
motor oils for those who already have flex fuel vehicles. The first
centers will be located in Minnesota, Illinois, Indiana and
Michigan. From there we hope to rapidly increase our market
presence nationwide over a short period of time. 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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