HARTFIELD, Va., May 22 /PRNewswire-FirstCall/ -- XcelPlus Global Holdings Inc (PinkSheets: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 (PinkSheets: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.
Source: Xcelplus Global Holdings Inc