XcelPlus Global Holdings Reports New Green Fuels, Solid August Results and Strong September Are All in the Pipeline
DOTHAN, Ala.-(Business Wire)-September 3, 2009 - Biofuels leader XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH) reports it has new green fuels, solid August results and an even better September all in the pipeline of good news for shareholders.
"Shareholders should be pleased to know that August was the company’s best month, and September is shaping up to top August," stated J. Michael Parsons, company president and CEO. Of even greater importance, Parsons says, several new green industrial fuels are in development, which may allow the company to enter additional market segments. "Gen-X Energies, one of the company’s strategic partners, has developed these new products for us, and is working on more. This will enable the company to remain a leader in providing the cost-effective, environmentally friendly industrial fuels that have been mandated for use by the Federal government."
Parsons emphasized that management is fully committed to building shareholder value, beginning with selection of a second accounting firm to provide audited financials as a key step in advancing the company's position beyond Pink Sheets. "We are in initial phase of implementing a new software package to reduce our internal costs, and our new website is being completed," he added. "These initiatives will improve management operations and reporting, and build understanding with our shareholders."
Going forward, XcelPlus management is confident that September’s results will improve upon the solid performance the company will report for August. “Business has trended up for XcelPlus since the company opened its doors, and shareholders will see this reflected strongly in the coming months,” adds Mike Parsons, President and CEO.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions.
| Investors Relations at investor@xcelplusglobal.com |
| XcelPlus Global Holdings, Inc. |
| 866-492-5325 |
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