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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Xcelplus International Inc (CE) | USOTC:XLPI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.002201 | 11 | 00:00:00 |
XcelPlus International Inc. (Pink Sheets: XLPI) should complete negotiation on a verbal framework for worldwide marketing rights for utility-boiler biofuel supplements as early as July 17, according to the company's Board Chairman, Jon Chynoweth. The company is also moving forward with marketing its fuel-saving Lubrilon™ engine-oil additive on three different fronts, including Amazon.com.
"We should soon have an agreement of understanding for a written contract that will follow, granting us worldwide marketing rights for biofuel supplements for coal-fired utility boilers," Chynoweth explained. "Federal mandates already require utilities to produce initially 10 percent of their electrical output with renewable resources. Our biofuel supplement not only replaces a fixed percent of coal, but it also reduces ash, sulfur dioxide and nitrous oxide emissions."
XcelPlus International is also negotiating with various companies regarding sales of Lubrilon engine restoration kits to fleet owners, a market where these companies have exposure to customers purchasing its industrial biofuels. "These companies serve customers in the construction, food, electronics and textile industries who own fleets of trucks and sales vehicles where incremental gasoline and diesel savings from use of Lubrilon can add up to significant amounts of money," Chynoweth stated. "It's a logical value-adder that XcelPlus International can offer our customers." Chynoweth added the company is also pursuing TV marketing opportunities through infomercials, and soon hopes to have its products for sale at Amazon.com. Lubrilon is already a recommended product on America's Car Show with Tom Torbjornsen, heard on Sirius XM.
"We have proven, capable products that need marketing imagination behind them, and this company's new board of directors intends to drive forward on every practical front to generate sales," Chynoweth stressed.
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.
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