XcelPlus Announces Plans for Bio-Diesel and E85 Ethanol Technologies
Thursday May 25, 10:51 am ET
SALUDA, VA--(MARKET WIRE)--May 25, 2006 -- XcelPlus International, Inc. (Other OTC:XLPI.PK - News), a distributor of specialty fuel, conversion, and lubrication products to the worldwide automotive industry held a conference call yesterday, May 24, 2006, to present recent company developments. During the conference call, which was hosted by XcelPlus' President, Bill R. Smith and other company executives, the Company apprised shareholders of the state its strategic initiatives including current negotiations, acquisitions, and marketing alliances.
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During the call Mr. Smith described the Company's newest technologies, including FlexTek E85 ethanol conversion products, Diesenol Bio-Diesel fuel product, and cellulose ethanol production methods. Marketing advancements were detailed including the signing of a Ford dealer in North Carolina, another new dealer in South Dakota and negotiations with Myer Distributing, a $100 million/year company to distribute the FlexTek. The company's intellectual property portfolio was briefly outlined and shareholders were assured that the Company planned to enforce its intellectual property rights.
The call followed the recent expansion of XcelPlus into the ethanol based alternative fuel market. The Company has acquired the patent rights to the FlexTek engine adapter, which converts gasoline vehicles into flexible fuel vehicles capable of burning E85 ethanol, gasoline, or any mixture of the two fuels. The rights to two other technologies, Diesenol and an improved ethanol production method, are expected to be completed by the end of May 2006.
Diesenol is a diesel fuel substitute that outperforms regular diesel and traditional bio-diesel. Proven through extensive lab and real world testing, Diesenol is made of 95% ethanol, runs in unmodified diesel engines, improves engine performance, extends engine life, and drastically reduces exhaust emissions.
The Improved ethanol production method is based on an issued U.S. patent for an acid hydrolysis method of producing ethanol. This cellulose ethanol production method increases ethanol yields, and allows ethanol to be made from almost any biomass.
About XcelPlus International:
XcelPlus International, Inc. is located in Saluda, Virginia and specializes in marketing chemicals, lubricants, and alternative fuel technologies.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Contact:
Brad Novak
Investor Relations
Email: bnovak@xcelplus.com
Phone: 949-661-5780
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Source: XcelPlus International
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