XcelPlus Global Moving to Improve OTC Status with Audited Financials, Launches Earth-Friendly Cleaning Product for Paving Industry
DOTHAN, Ala.-(Business Wire)-September 17, 2009 - XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH), manufacturer and distributor of industrial biofuels, has retained an audit firm and plans to release audited financials upon completion, with the ultimate goal of making the company's stock eligible for solicited sales by stockbrokers. "We have already submitted papers to have our 'yield sign' status upgraded on Pink Sheets," says J. Michael Parsons, president and CEO of XcelPlus Global Holdings. "We'll also be meeting with investment banking contacts in New York next week to discuss our future growth and financial outlook, as we work toward meeting SEC guidelines."
XcelPlus Global Holdings is also expanding its sales opportunities with existing customers in paving and highway construction by introducing a renewable, non-hazardous cleaning product for asphalt handling equipment. The yet-to-be-named product, developed internally by XcelPlus Global and strategic partner Gen-X Energies, will be used in the daily cleaning of equipment to remove asphalt debris. "This is a natural, complementary product for us, derived from the same manufacturing process as our biofuel," said Parsons. "It provides an environmentally-friendly solution for our customers and is an excellent value-added product to offer."
Despite continuing inclement weather in the Southeastern U.S., a core region for XcelPlus Global's highway construction customers, Parsons says sales are still on track for a solid month in September.
XcelPlus Global management continues to implement changes to increase shareholder value and confidence, including new software for cost-effective management and a new website to raise the company's profile.
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
http://Xcelplusglobal.com/
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