SOURCE: XcelPlus International

May 22, 2006 10:48 ET

XcelPlus International to Distribute Stock Dividend to Shareholders

SALUDA, VA -- (MARKET WIRE) -- May 22, 2006 -- XcelPlus (PINKSHEETS: XLPI) is pleased to announce that the Company has elected to issue shareholders a stock dividend.

At a Board of Directors meeting held on May 19, 2006 the Board elected to issue a 5% restricted stock dividend to shareholders. All XcelPlus International shareholders of record at close of business on June 30, 2006 will receive a 5% new-issue restricted stock dividend. The stock dividend will be distributed on July 17, 2006.

Mr. Bill R. Smith, President of Xcelplus International stated, "The expansion of the Company's global operations into E85 vehicle conversion products, and Ethanol and Bio-diesel alternative fuel markets is going well, and we believe that our stockholders' loyalty should be recognized and rewarded."

For more information on the dividend or XcelPlus International please contact Brad Novak, Investor Relations at (949) 661-5780 or bnovak@xcelplus.com.

About XcelPlus International:

XcelPlus International, Inc is located in Saluda, Virginia and specializes in marketing chemicals, lubricants, and alternative fuel technologies.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events

Contact Information

  • Contact:
    For investor relations you can contact:
    Brad Novak
    Email: bnovak@xcelplus.com
    Phone: 949-661-5780