Wednesday, June 07, 2006 12:05:16 PM
XcelPlus International Focuses on Renewable Energy
SALUDA, VA, Jun 07, 2006 (MARKET WIRE via COMTEX) -- During a recent trip to
Brazil, President Bill R. Smith of XcelPlus International Inc. (PINKSHEETS:
XLPI) secured world-wide rights for two important technologies: FlexTek(TM)
flex-fuel conversion technology, and Diesenol(TM) ethanol based fuel substitute
for Diesel and BioDiesel fuels.
FlexTek is a system which converts most modern gasoline powered vehicles into
flexible-fuel vehicles capable of running on gasoline, E85 ethanol or any blend
of the 2 fuels. FlexTek Technology has been successfully utilized in Brazil for
many years and is compatible with most modern 4, 6, and 8 cylinder cars.
XcelPlus is the only company to offer a proven system to convert a vehicle, and
completely protect the engine from the possible harmful effects of ethanol.
After signing a contract with AGE Technologies, the Brazilian based company that
owned the rights to FlexTek technology, Mr. Bill R. Smith, President of XcelPlus
stated: "XcelPlus now controls all rights to manufacture and market the FlexTek,
and we have also absorbed the marketing infrastructure of AGE Technologies. AGE
had over one million dollars in revenue from FlexTek sales in Brazil last year.
By adding our line of chemicals to the Brazilian market we expect much higher
future revenues. In addition to increasing profitability, our ownership of all
issued and pending patents enables us to aggressively go after those infringing
on our technology."
XcelPlus' other acquisition, Diesenol, is a 95% ethanol substitute for BioDiesel
and conventional diesel fuels. Unlike BioDiesel, Diesenol has better cold-start
characteristics than regular diesel fuels, and does not require any additional
equipment to be installed on factory diesel engines. Diesenol has been found to
outperform both ordinary diesel and BioDiesel fuels, providing greater
horsepower, flatter torque curves, cleaner exhaust emissions, and extended
engine life. Tested vehicles drove 400,000 kilometers each with no injector
system failures.
XcelPlus is currently designing marketing strategies to enter world-wide diesel
fuel markets. The United States alone consumes over 30 billion gallons of diesel
fuel annually.
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
SOURCE: XcelPlus International
CONTACT: mailto:bnovak@xcelplus.com
Copyright 2006 Market Wire, All rights reserved.
nothing changes when nothing changes !!!!
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM