XcelPlus Shareholders to Get Shares In XcelPlus Global Holdings
April 03 2006 - 1:14PM
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. 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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