DOTHAN, Ala.--(Business Wire)--
XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH) delivered a record 185
truckloads of green fuel in October - more than 930,000 gallons - and has opened
negotiations for the acquisition of its operations partner, Gen-X Energy Group
Inc. Details will be available in the company's first monthly reviewed
financials, which will be published soon for October, as a prelude to fully
audited financial information at the close of the year.
"We had nearly 20 days of rain in the southeast in October, and Tropical Storm
Ida is on top of us right now, which frustrates our core customer base in the
paving industry, and prevented us from reaching our million-gallon goal," said
J. Michael Parsons, president of XcelPlus Global Holdings. "Nevertheless,
overall volume exceeded September by a little over 60 percent. With our
deepening commitment to this industry, we will be joining the National Asphalt
Pavers Association on an affiliate basis as well."
XcelPlus also expanded its customer base and market coverage in October with its
first deliveries into Oklahoma, Arkansas and Texas. "Demand for our products
continues to be strong," Parsons added. "Our company is growing well and poised
for continuing growth as the EPA makes green fuels a priority for all of
industry. We believe our shareholders will be amply rewarded for their patience
during these current formative months."
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.
http://Xcelplusglobal.com/
XcelPlus Global Holdings, Inc.
J. Michael Parsons, 866-492-5325
investor@xcelplusglobal.com
Copyright Business Wire 2009
