XcelPlus Global Holdings Sets Another Monthly Record for Green Fuel Deliveries, Negotiates for Acquisition of Gen-X Energy Group

DOTHAN, Ala.--(BUSINESS WIRE)--XcelPlus Global Holdings, Inc. (Pink Sheets: XPGH) delivered a record 185 truckloads of green fuel in October – more than 930,000 gallons – and has opened negotiations for the acquisition of its operations partner, Gen-X Energy Group Inc. Details will be available in the company's first monthly reviewed financials, which will be published soon for October, as a prelude to fully audited financial information at the close of the year.

“Demand for our products continues to be strong”

"We had nearly 20 days of rain in the southeast in October, and Tropical Storm Ida is on top of us right now, which frustrates our core customer base in the paving industry, and prevented us from reaching our million-gallon goal," said J. Michael Parsons, president of XcelPlus Global Holdings. "Nevertheless, overall volume exceeded September by a little over 60 percent. With our deepening commitment to this industry, we will be joining the National Asphalt Pavers Association on an affiliate basis as well."

XcelPlus also expanded its customer base and market coverage in October with its first deliveries into Oklahoma, Arkansas and Texas. "Demand for our products continues to be strong," Parsons added. "Our company is growing well and poised for continuing growth as the EPA makes green fuels a priority for all of industry. We believe our shareholders will be amply rewarded for their patience during these current formative months."

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.

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XcelPlus Global Holdings, Inc.
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