XcelPlus Global Holdings Announces Date for SEC Filing and Release of Audit
DOTHAN, Ala., Jan 26, 2010 (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're 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're eager to pass this milestone and continue on the track we've set for 2010 and beyond," said Parsons. "We've 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/
SOURCE: XcelPlus Global Holdings, Inc.
XcelPlus Global Holdings, Inc. J. Michael Parsons, 866-492-5325 investor@xcelplusglobal.com
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.