SOURCE: XenaCare Holdings, Inc

XenaCare Holdings, Inc

May 11, 2011 14:05 ET

UPDATE: XenaCare Announces the Organization of Global International US, Inc.

BOCA RATON, FL--(Marketwire - May 11, 2011) - XenaCare Holdings, Inc. (OTCQB: XCHO) announced that it has formalized the organization of Global International US, Inc. ("Global International") as a wholly owned subsidiary. Global International has been organized to acquire, reposition and resell distressed properties in Central Florida, with a primary focus on acquiring hospitality projects near the Disney World Resort complex.

Carlos J. Bonilla, Esq., who became a director of XenaCare Holdings, Inc. in March 2011, has been appointed as President of Global International with the assignment of pursuing appropriate real estate projects. Mr. Bonilla has access to a team of experienced real estate and financial professionals with more than 75 years of experience, gained with the foremost corporations in their respective fields, to assist as needed.

Mr. Bonilla and XenaCare strongly believe there is a historic opportunity to take advantage of distressed properties in Central Florida near world famous attractions. Central Florida is home to Walt Disney World, SeaWorld and Universal Studios, as well as golf courses and top brand shopping. Over 50 million people visit Central Florida each year, congregating in Orlando's famous tourist district known as the "Golden Triangle." Mr. Bonilla and his team will bring their expertise to Global International to identify, acquire and revitalize such projects to realize their maximum value.

In making the announcement, Frank Rizzo, President and CEO of XenaCare stated, "While we are excited about the prospects for our new real estate venture, this will not lessen our efforts to grow our core nutritional supplement business. In fact we have seen a complementary synergy because a number of the substantial overseas investors who have shown interest in our real estate venture are also in a position to assist us in finding new distribution channels in countries where we are not currently active."

http://www.XenaCareholdings.com

Cautionary Note Concerning Forward-Looking Statements

Except for the historical and present factual information contained herein, the matters set forth in this document, including statements regarding our plans to acquire, reposition and resell distressed properties are forward-looking statementand subject to change. Investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's current plans. There are many risks, uncertainties and other factors that can prevent the achievement of our goals or cause results to differ from those expressed or implied by these forward-looking statements including, without limitation, the ability to identify suitable projects, finance and acquire the projects and operate or dispose of them profitably. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the anticipated results expressed or implied herein will not be realized. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov.

Contact Information

  • Contact:
    XenaCare Holdings
    Frank Rizzo
    561-496-6676
    Email Contact