XcelPlus Global Holdings Inc. (PINKSHEETS: XLPI) is pleased to announce that their merger with E4World Corp. (PINKSHEETS: EFWO) is now complete. The merger follows the acquisition by XcelPlus of several cutting edge ethanol alternative fuel technologies.
At a recent press conference, Mr. Bill R. Smith, President of XcelPlus stated: "We are positioning XcelPlus to become a dominant force in the expanding ethanol and biodiesel fuel markets. Our next step is to have XcelPlus Global Holdings fully reporting and trading on the OTCBB before the end of the year. Being fully reporting will provide credibility by giving our operations as much transparency as possible."
XcelPlus recently acquired technologies including Flextek flexible-fuel technology and DE 95 Diesenol fuel technology. Flextek flexible-fuel technology allows vehicles to run on gasoline, E85 ethanol, or any combination of the two fuels. Flextek includes conversion systems to convert existing gasoline vehicles into flexible-fuel vehicles, and also factory installed flexible-fuel systems for OEM flex-fuel vehicles. The conversion systems are the ONLY conversion systems on the market which protect internal engine parts from the effects of burning ethanol. Factory installed Flextek technology is currently being tested by the Hyundai Motor Car Company for use in Hyundai's factory flex-fuel vehicles.
DE 95 Diesenol is the ONLY 95% pure ethanol fuel for use in unmodified diesel engines. The technology involves the use of a proprietary chemical which renders ethanol fit to use in any modern diesel vehicle with no modification. Extensively tested on city busses and trucks as well as in the lab, DE 95 improves torque and power, improves cold-start performance, significantly reduces emissions, and increases oil change intervals of diesel powered vehicles.
Additionally the Company has completed negotiations to purchase worldwide rights to the Lubrilon line of engine chemicals, and is currently marketing the only motor oil formulated specifically for vehicles running on E85 fuel. The company estimates the valuation of the Flextek, Diesenol and its other complementary technologies to be in excess of 2 billion dollars.
About XcelPlus International:
XcelPlus Global Holdings Inc. is a holding company owning and controlling clean fuel technologies, specialty chemicals and lubricants.
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: For investor relations you can contact: Brad Novak Email: bnovak@xcelplus.com Phone: 949-661-5780
SOURCE: XcelPlus International Inc.