XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH) reports that Freedom Fuels, LLC, has already made its first deliveries of XcelPlus' biofuels into Midwest and western states this week, and is on schedule to begin deliveries into additional southeastern states later this month. The company is also negotiating with Gen-X Energies as a strategic partner in operations management.
"According to Freedom Fuels, customer satisfaction has been excellent, and the positive reception from new customers supports our expectations for the growth that's been projected," said J. Michael Parsons, president of XcelPlus Global Holdings. "We are gaining momentum with each new customer in Freedom's network."
An indicator of XcelPlus' growth is the need for operations management support, Parsons added. "Gen-X Energies has a team and proven infrastructure in place to take on the backroom work that's a vital part of this business," said Parsons. "We have grown to a point where we need operational support to manage day-to-day functions and relations with our customers and distribution network. It's a positive sign about where we are, and our upside potential."
Parsons added the company is negotiating with XcelPlus International (Pink Sheets: XLPI) regarding an agreement to sell that company's mileage-enhancing oil additives and other products. "We see sales synergies and incremental income in marketing these products, and hope it will strengthen XcelPlus International as well," he stated.
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@xcelplus.com
XcelPlus
Global Holdings, Inc.
http://Xcelplusglobal.com/
Contacts:
J. Michael Parsons, 334-701-8044