XcelPlus International Targets Revenue Generation with Two Key Products
26 June 2009 - 3:02AM
Business Wire
The board of directors XcelPlus International Inc. (Pink Sheets:
XLPI) announced today that the company has established a priority
focus on marketing and revenue generating strategies for two of its
core products: the fuel-saving Lubrilon� engine additive, and
biofuels for coal-fired utility boilers. The company also expressed
its appreciation for the work of Rodd Hoffman, a board member and
long-time consultant to the company, who has resigned.
According to Board Chairman Jon Chynoweth, XcelPlus
International is exploring several mass-marketing strategies for
Lubrilon, an additive for gasoline and diesel engines that has been
tested by the U.S. Department of Energy and proven to improve fuel
economy by 6 percent. "The new board has fresh ideas and is
studying a number of 'outside the box' options to invigorate sales
of core products," Chynoweth said. "This is a results-oriented
board focused on revenue generation, and we believe Lubrilon has
much more potential if it can get a marketing push behind it. With
the government setting ever-higher mileage requirements for new
cars, and a likely increase in Federal fuel taxes, the stage is set
for Lubrilon to take off. Likewise, utilities are primed to adopt
our biofuel supplement for coal-fired boilers, which has been
test-proven to reduce sulfur and nitrous oxide emissions."
Chynoweth added that the company culture for XcelPlus
International has changed under the new board. "This board is made
up of high achievers from sales, marketing, engineering and
biofuels sectors, and our objective is to guide this company to
realize its potential," he stated. "We hope to have positive
developments to report as the year unfolds."
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.comXcelPlus
International, Inc.http://Xcelplus.com/
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