Uh-oh! XLPI announcement Facebook May 16, 2016
Xcelplus International Inc., May 16, 2016 (PR.COM) (OTC: XLPI) announces a re-emergence of the company.
The Company is preparing to file all documents with the state of Nevada, reinstate the Transfer Agent, and bring all information on OTC current in order to bring the company to a Current Status as it prepares to move forward.
A Reverse split of the issued and outstanding stock of the company will be reverse split 50:1 as we recapitalize and restructure the company.
A new logo and website are currently in the works.
Xcelplus is also entered into an agreement acquiring the shareholders of NOW Enterprises Inc., and the underlying technology and research into Hydrogen on Demand. The acquisition will be on a stock swap basis for all current shareholders and royalty program participants of NOW Enterprises Inc. Up to 4 million shares of the reverse split stock will be allocated to existing shareholders and up to 2 million shares will be allocated for all Royalty Program Participants. These will be restricted shares per SEC rules and 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 the projected or suggested herein due to risks and uncertainties, including without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions. Emails and inquiries can be sent to xlpiintinc@gmail.com
May 16 at 10:54pm · Public
