Biodiesel Converts to Gasoline
May 22 2008 - 1:19PM
PR Newswire (US)
HARTFIELD, Va., May 22 /PRNewswire-FirstCall/ -- XcelPlus Global
Holdings Inc (Pink Sheets: XPGH) announces the acquisition of
BIOLENE (TM), a newly developed bio-gasoline product. XcelPlus
Global Holdings working in conjunction with Maverick BioFuels
developed the technology in which a fuel compatible with internal
combustion gasoline engines is derived from natural renewable oils
like soybean and vegetable oil. Initial marketing efforts will
focus on an additive package for converting ordinary Biodiesel into
gasoline. The Biolene additive package will be blended by Xcelplus
International Inc (Pink Sheets: XLPI) and will enable producers and
consumers of biodiesel to convert the biofuel for use in any
gasoline powered engine. The additive is expected to be on the
market later this year. Home blenders can expect final pump-grade
fuel to cost approximately $2.70 per gallon. According to Mr. Bill
R. Smith, President of Xcelplus, "current testing of the fuel is
being conducted with test vehicles run exclusively on Biolene. The
test vehicles are being monitored for CO, CO2, hydrocarbon, O2 and
NOx exhaust emissions, and we are very pleased with test results to
date. We are looking towards an ASTM testing for the fuel before
launching it into global markets." A short video describing Biolene
is anticipated to be posted on Xcelplus.com later this week. The
video is currently available on Google video (key word "biolene").
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 Inc or any other person that
the objective and plans of XcelPlus Global Holdings Inc will be
achieved. http://xcelplusglobal.com/ DATASOURCE: Xcelplus Global
Holdings Inc CONTACT: XcelPlus Global Holdings Inc,
+1-804-776-7788, Web site: http://www.xcelplusglobal.com/
Copyright