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XcelPlus Global Holdings Announces Date for SEC Filing and Release of Audit
Posted on : 2010-01-26 | Author : XcelPlus Global Holdings, Inc.
News Category : PressRelease

DOTHAN, Ala. - (Business Wire) XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH), a leading manufacturer and distributor of industrial biofuels, announced today the company's first audited financial report will be issued on or before February 24, 2010. The 2009 fourth-quarter and year-end results released in the report will all be positive, and the company plans to electronically file Form S-1 with the SEC the same day the audit report is issued, initiating the process to move to over-the-counter trading.

"We are a relatively young company with no debt, cash in the bank and strong top and bottom lines," said J. Michael Parsons, president and CEO of XcelPlus Global Holdings. "So, we anticipate the approval process will go smoothly." Approval from the SEC to trade on a national securities exchange typically takes four to six weeks from the date of filing. Carr, Riggs & Ingram is conducting the audit, while Denver, CO, private practice attorney Diane Dalmy is preparing the S-1 paperwork.

"We are eager to pass this milestone and continue on the track we have set for 2010 and beyond," said Parsons. "We have had a number of successful test burns recently, as we look to expand into new markets, with even greater profit potential, in the very near future."

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


XcelPlus Global Holdings Announces Date for SEC Filing and Release of Audit

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XcelPlus Global Holdings Sees Bright Future in Revisions to Renewable Fuel Standard Program - Yahoo! Finance
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Press Release Source: XcelPlus Global Holdings, Inc. On Thursday February 4, 2010, 1:36 pm EST

DOTHAN, Ala.--(BUSINESS WIRE)--XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH - News), a leading manufacturer and distributor of industrial biofuels, gained a solid foothold on its future growth and stability this week with the passing of revisions to the National Renewable Fuel Standard (RFS2) program by the Environmental Protection Agency (EPA). The revised statutory requirements establish new annual volume standards for the biomass-based diesel fuel produced by XcelPlus Global, as well as for cellulosic and advanced biofuels. The combined volume requirements for 2010 are 12.95 billion gallons (bg), and, under the new regulations, continue to increase over the next 12 years, reaching 36 bg by 2022.

"This legislation sets the stage for us to enter some new, very large markets," said J. Michael Parsons, president and CEO of XcelPlus Global Holdings. "There is a synergistic effect as well, as this new legislation will also strengthen our strategic partners and stabilize our industry into the future." XcelPlus Global currently supplies biofuels made from plant oils, fats and other waste stream products to customers in asphalt/road construction, paper mills and lime kilns, among others.

"We are grateful for the efforts of Senator Maria Cantwell (D-WA) and for her understanding of the importance of making renewable fuels viable in the United States," said Parsons. Members of the XcelPlus Global management team will attend the National Biodiesel Conference in Dallas, TX next week to meet with EPA officials and explore opportunities presented with the new regulations.

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.
XcelPlus Global Holdings, Inc.