Published: May 25, 2006
XcelPlus Announces Plans for Bio-Diesel and E85 Ethanol Technologies
XcelPlus International, Inc. (PINKSHEETS: XLPI),
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.
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.
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