News on XPGH: XcelPlus Global Holdings Aims to Bolster Bottom Line Through New Markets, Return of “Green” Subsidies
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XcelPlus Global, Inc.
(OTC: XPGH)
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XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH)
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View the EcelPlus Profile
XcelPlus Global Holdings Aims to Bolster Bottom Line Through New
Markets, Return of “Green” Subsidies
On Friday January 29, 2010, 8:45 am
DOTHAN, Ala.–(BUSINESS WIRE)–
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Global Holdings, Inc. (Pink Sheets:
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-
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is building on the solid financial ground it established in 2009,
driving higher profit margins by expanding the use of its
href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=641&L=1171&F=H">biofuels
to industries such as paper mills and lime kilns. The company’s audited
financial statement is due to be released in late February and a
favorable report is expected.
“We spent a large part of last year growing the company to a
financially sound and debt-free position,” said J. Michael Parsons,
president and CEO of XcelPlus Global Holdings. “Now we’re focused
on finding new markets that will benefit from our fuels, as well as
new supplier relationships to help us meet demand.” The company
produces biofuels from plant oils, fats and other waste stream
products from various sources.
“We’ve had great success in the asphalt/road construction sector, but
we see even greater potential with paper mills, due to the large
amounts of fuel they use, as well as with lime kilns,” said
Parsons. The lime industry is a significant carbon dioxide emitter,
due partially to the burning of fossil fuel to generate the more
than 1,650�F temperature required to create the quicklime. “There
are fuel efficiencies as well as environmental advantages to
burning our fuel,” continued Parsons. “And those are strong points
to make with both of these industries.”
The company also expects a boost to its bottom line with the
reinstatement of government subsidies for
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fuels that expired at the start of this year. The federal
government is expected to reinstate subsidies for alternative
energy initiatives by early Spring.
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
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XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH)
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View the EcelPlus Profile
XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH), is a leading
manufacturer and distributor of industrial biofuels. The Company
manufactures and markets innovative, cost-effective and environmentally
sensitive Bio-Based Fuels for Industrial Manufacturing. Xcel Plus is
currently building market dominance in the heavy construction industries
while they are exploring opportunities in the food processing, light and
heavy manufacturing industries.
The Company’s strategic partners leverage years of experience to
create renewable biomass and renewable synthetic biomass fuel products.
XcelPlus markets its products with a strong understanding of the issues of
Environmental Rules and Regulations. Fuel independence from foreign
sources and efforts to ensure industries to comply with Green House Gas
reductions and how they have the potential to be financially devastating.
XcelPlus Global Holdings Biomass Based Renewable Fuels are federally
compliant for the light, medium and heavy industries.
XcelPlus ended the year with exceptional growth and sees a strong 2010
ahead.
Completion of Audit for Move to OTCBB
XcelPlus will complete its audit in mid-February. At that time both
the audit and the SEC filings for the move to over-the-counter trading are
expected to be completed by the third week in February. 2009 results are
expected to be released simultaneously.
Upward Gross Revenue Momentum
- The eleven month gross revenue of XcelPlus on November 30, 2009, was a
stunning $7.8M - Gross revenues June to November 1, 2009, exceeded $5.5 million
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Regional Deliveries Continuously Expanding
XcelPlus’ Gross Revenue was $2.4 million for October,
representing a 62% increase in fuel deliveries to 954,000 gallons. A
record 185 truckloads of green fuel were delivered in October 2009. The
Company also expanded its customer base and market coverage in October
with its first deliveries into Oklahoma, Arkansas and Texas.
Broadening Company Footprint
XcelPlus continues to build their position in fuels, while
diversifying their portfolio in energy. The Company is currently focused
on broadening the company’s footprint in the fuels sector, while
also negotiating technology acquisitions that management believes will
ultimately redefine how electricity is produced. XcelPlus has opened
negotiations for the acquisition of its operations partner, Gen-X Energy
Group Inc.
Growth to date has been driven by green-fuel replacements of fossil
fuels. The Company’s current core customer base is in the paving
industry. Xcel has joined the National Asphalt Pavers Association on an
affiliate basis. In its core market of asphalt paving, the company
recently received a two-million-gallon order from Wiregrass
Construction.
Renewable Fuel Pending Orders from Korea and Northeastern United
States
As a manufacturer and distributor of industrial biofuels, XcelPlus has
opened a significant new market for its renewable fuels with pending
orders for nearly 80 million gallons from power plants in Korea and the
northeastern U.S.
Test Burn at Florida Paper Mill
XcelPlus is also test burning its fuel at a Georgia and Alabama
papermill. Florida is emerging as a significant market and West Virginia
facilities have begun trial burns. The hope is to prove XcelPlus’
product’s financial and environmental advantages, working with a
single plant that could consume 30 million gallons annually if XcelPlus
passes.
A recent e-mail from one of the Florida DEP regions stated:
‘We are pleased your fuel’s use results in much lower
SO2 emissions, and glad to see wastes being converted into fuels that can
decrease our dependence on non-renewable resources and foreign
oil.’
XcelPlus Global Holdings Negotiating Technology Acquisitions,
Meeting With DoD On Green Fuel Needs
The latest highlights in this business include an invitation to meet
with Defense Department officials to discuss how XPGH can aid compliance
with green-fuel mandates for air, land and naval needs.
Diversification Opportunities for XPGH
XcelPlus’ biomass fuel is a lower cost alternative to the soaring
expenditures for pollution control upgrades and CO2 sequestration that
U.S. utilities must adopt to meet new greenhouse gas limits. Utility
demand for green-fuel alternatives has the potential to re-shape the
XcelPlus business model.
First, among planned diversifications will be a waste-heat-recovery
technology the company is negotiating to purchase. It can produce
electricity for immediate consumption, storage or returning to the grid.
This is clean technology, powered by existing waste-heat sources. It will
reduce fossil fuel needs and carbon and sulfur emissions, while cutting
consumer costs.
XcelPlus Products
The Company’s renewable biomass products are designed to meet the
energy needs of today and tomorrow. The XcelPlus team is comprised of
multiple professions from both the traditional and renewable fuels
industries with one goal in mind: To produce renewable fuels from
federally mandated renewable biomass resources for the industrial
settings.
Product Lines
Synthetic Fuel Oils (SFO and BFO) These product lines were
developed for the use in burner systems for the asphalt and concrete
industry. The lines are priced competitively against Residual Fuel Oil
(RFO) and are tested to the same Fuel and Environmental profiles mandated
today. When compared to RFO, the field emission profiles achieve a 90
percent reduction of monitored emissions.
Biomass Release Agent (BMRA) This product was developed for use
in the asphalt and concrete industry as a biodegradable, non-hazardous,
release agent. In addition, when used in the asphalt industry, the
collected remnant could be properly disposed of in the burner
systems-subject to permit review and authority having jurisdiction. This
affords any company with portable or remote burners to completely
remediate the job-site and exercise environmental stewardship well beyond
expectations.
Btu Enhancer (BTE) This line was developed with the power
generation facilities in mind. These products meet the stringent
requirements of the Energy Policy Act and will qualify (subject to state
authorities) for the generation of Renewable Energy Credits (REC) which
then can be converted to Carbon Credits.
In the near future, the renewable product lines for the Maritime and
Aviation Industries will come forward as solutions to the Green House Gas
emissions concerns we face today.
Source: XcelPlus Global Holdings, Inc.
Contact:
XcelPlus Global Holdings, Inc.
J. Michael
Parsons
866-492-5325
investor@xcelplusglobal.com
http://Xcelplusglobal.com/
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