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. Xcelplus Global Holdings Inc., a Nevada Corporation, will be used for acquisitions and product development for all products and formulas on a global scale. The new company will also be the parent for the Xcelplus International Inc, E85 Conversion and Lube Center operations, as well as Xcelplus Asia Pacific holdings. All shareholders of record in XcelPlus International Inc. will receive a 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 will payout on April 21st 2006. XLPI shareholders will keep all current XLPI shares they own, as they will not be affected in any way by the new stock distribution. The company wants all their shareholders to understand that XLPI is not undergoing a reverse split of any kind for this distribution. All shareholders must be of record by April 7th 2006 to receive any distributions. This means that all qualifying shares of XLPI must be purchased by end of market trading hours on Tuesday April 4th 2006 to be eligible due to the 3-day settlement rule. More information is being made available at Xcelplus' website at http://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.
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