HARTFIELD, Va., May 22 /PRNewswire-FirstCall/ -- XcelPlus Global
Holdings Inc (Pink Sheets: XPGH) announces the acquisition of BIOLENE (TM),
a newly developed bio-gasoline product.
XcelPlus Global Holdings working in conjunction with Maverick BioFuels
developed the technology in which a fuel compatible with internal
combustion gasoline engines is derived from natural renewable oils like
soybean and vegetable oil. Initial marketing efforts will focus on an
additive package for converting ordinary Biodiesel into gasoline. The
Biolene additive package will be blended by Xcelplus International Inc
(Pink Sheets: XLPI) and will enable producers and consumers of biodiesel to
convert the biofuel for use in any gasoline powered engine. The additive is
expected to be on the market later this year. Home blenders can expect
final pump-grade fuel to cost approximately $2.70 per gallon.
According to Mr. Bill R. Smith, President of Xcelplus, "current testing
of the fuel is being conducted with test vehicles run exclusively on
Biolene. The test vehicles are being monitored for CO, CO2, hydrocarbon, O2
and NOx exhaust emissions, and we are very pleased with test results to
date. We are looking towards an ASTM testing for the fuel before launching
it into global markets."
A short video describing Biolene is anticipated to be posted on
Xcelplus.com later this week. The video is currently available on Google
video (key word "biolene").
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities and Exchange Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, which are intended to be covered by the safe harbors
created thereby. Investors are cautioned that all forward-looking
statements involve risks and uncertainties. Although XcelPlus Global
believes that the assumptions underlying the forward-looking statements
contained herein are reasonable, any assumption could be inaccurate, and
therefore, there can be no assurance that the forward-looking statements
included in this press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward- looking statements
included herein, the inclusion should not be regarded as a representation
by XcelPlus Global Inc or any other person that the objective and plans of
XcelPlus Global Holdings Inc will be achieved.
http://XcelPlusglobal.com
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