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XCELPLUS GLOBAL HOLDINGS SIGNS LETTER OF INTENT TO ACQUIRE WORLD WIDE RIGHTS TO NEW ALTERNATIVE ENERGY TECHNOLOGY
Topping, VA., (September 15, 2008) - Xcelplus Global Holdings Inc (Pinksheets: XPGH) announces that it has recently signed a Letter of Intent with Total-Fuels of Las Vegas, Nevada and two developing partners for world wide marketing rights to their patented technology.
The technology allows normal
cars to use both E85 and gasoline with the same ease as an OEM car
does. The automatic unit already has world wide sales with
exponential growth. The unit can often be installed in less than an
hour, on virtually every make and model car on the worlds highways
today. This gives us a potential customer base of over 600 million
vehicles unless you take out the 5-7 million flex fuel vehicles on
the road today.
The new technology is more advanced than the units we previously
imported and worked with from Brazil. This new technology will also
help us pass both EPA and CARB testing in the very near future.
Under the new brand name DigiFlex Xcelplus's subsidiary XcelPlus
International Inc has already started made sales to an OEM truck
manufacturer who sells primarily to the US Air Force. In a recent
meeting in Georgia the US Air Force expressed great interest in now
having their entire fleet converted to flex fuel vehicles using this
technology.
The antion of Thailand is also coming on fast as they will introduce
E85 in their country in October of this year. We have already met
with many potential dealers there and started shipping units there
for car conversions. Meetings with Toyota, Volvo, BMW, and Citroen
and other should help the nation convert their fleets in a very
short amoun t of time.
Plans for retail sales of the product in the US are already
underway, with manufacturing possibly being done in China for the
wiring harnesses and in Californian for the circuitry. Final
assembly may be in Virginia at the new headquarters for Xcelplus
Global Holdings of in Nevada where is currently being done.
"We are look-in forward to expanding this market globally as
disruptive technologies such as this are already changing the world
and the way it consumes and produces energy and fuels".
Bill Smith President XcelPlus Global Holdings Inc
www.xcelplusglobal.com
Contact Investors Relations at investorrelations@xcelplus.com
XcelPlus Global Holdings Inc
2649 Grey's Point Road
Topping, VA 23169
804-286-4372
http://XcelPlusglobal.com
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 Holdings or any other person that the objective and plans of XcelPlus Global Holdings will be achieved.
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