XcelPlus International Secures Rights to Ethanol-Based Substitute for Conventional Diesel and BioDiesel Fuel
Jun 5, 2006 11:21:00 AM
SALUDA, VA -- (MARKET WIRE) -- 06/05/06 -- XcelPlus International Inc. (PINKSHEETS: XLPI) is pleased to announce that it has secured worldwide production and distribution rights to Diesenol(TM), an ethanol-based substitute for traditional diesel and BioDiesel fuel.
After a series of negotiations with Smartek Tecnologia Electronica LTDA, a Brazilian company which controlled the rights to the ethanol-based substitute for Diesel and Biodiesel fuels, Mr. Bill R Smith, President of XcelPlus International Inc., announced that XcelPlus had successfully secured worldwide rights for manufacture and distribution of the fuel. The technology, now owned by XcelPlus Global Holdings Inc., will be licensed to XcelPlus International for production and worldwide distribution.
Diesenol BioDiesel substitute was developed by a group of fuel chemists and engineers to allow diesel engines to run on 95% ethanol. Through extensive testing Diesenol was found to outperform ordinary diesel as well as BioDiesel, which is either a mixture of Diesel fuel and 15% ethanol, or a mixture of Diesel Fuel and vegetable oil. Test results showed that Diesenol improves torque and power, significantly reduces emissions, increases oil change intervals, reduces deposits inside the engine, and prolongs engine life. It flows better in cold temperatures than diesel or BioDiesel, improving cold start performance.
"The worldwide market for Diesenol is enormous," stated Mr. Smith in a post contract-signing interview. "The U.S. alone consumes over 30 billion gallons of diesel type fuels for transportation each year. We are very excited at the prospect of entering the fuel market with a product that outperforms conventional fuels, reduces dependence on foreign oil, and lowers emissions. We are currently negotiating for rights to other ethanol technologies, which we will announce shortly. We believe that our strategic marketing plans for these technologies will make XcelPlus a major force in the newly emerging clean energy markets."
About XcelPlus International:
XcelPlus International, Inc is located in Saluda, Virginia and specializes in marketing clean fuel technologies, 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 contact:
Brad Novak
Email: bnovak@xcelplus.com
Phone: 949-661-5780
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