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XcelPlus Launches Flextek in Hungary
Friday November 17, 12:46 pm ET
SALUDA, VA--(MARKET WIRE)--Nov 17, 2006 -- XcelPlus International Inc (Other OTC:XLPI.PK - News) (http://XcelPlus.com) is excited to announce the launch of a Flextek distributorship in Hungary. Tamás Sonkoly of Budapest placed an initial order for 60 Flextek conversion kits and has the opportunity to become the Hungary's exclusive Flextek distributor.
According to Mr. Sonkoly, pressure from the European Union has resulted in 16 bio-ethanol plants being built in Hungary. One of the first Hungarian bio-ethanol plants is currently under construction by Econovum Consulting Kft. According to XcelPlus' president Mr. Bill R. Smith, "We are very pleased with the international opportunities opening up for Flextek. The French Government recently introduced E85 into the marketplace, and we are presently working with two potential Flextek distributors for France. The Flextek has passed independent Government testing in Germany, and we now have our first European distributor. We believe that the European Union's focus on bio-ethanol will help create a robust European market. Penetration into this new market will help produce the revenues needed to fully implement our business plan."
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 International 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 International Inc or any other person that the objective and plans of XcelPlus International Inc will be achieved.
XcelPlus International markets Flextek under license from XcelPlus Global Holdings Inc. For investor relations you can contact Investors Relations at investorrelations@xcelplus.com or by phone at 804-286-4374.
Contact:
For investor relations contact:
Investor Relations
Email:
investorrelations@xcelplusemail.com
Phone: 804-286-4374
XcelPlus International Inc
5041 General Puller Hwy
Saluda, VA 23149
804-286-4374
http://XcelPlus.com