Monday, June 12, 2006 12:06:23 PM
XcelPlus (PINKSHEETS: XLPI) is pleased to announce that the Company has elected to issue shareholders a stock dividend.
At a Board of Directors meeting held on May 19, 2006 the Board elected to issue a 5% restricted stock dividend to shareholders. All XcelPlus International shareholders of record at close of business on June 30, 2006 will receive a 5% new-issue restricted stock dividend. The stock dividend will be distributed on July 17, 2006.
Mr. Bill R. Smith, President of Xcelplus International stated, "The expansion of the Company's global operations into E85 vehicle conversion products, and Ethanol and Bio-diesel alternative fuel markets is going well, and we believe that our stockholders' loyalty should be recognized and rewarded
IMHO
-Peace
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