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Updated:2006-03-14 11:18:43 XcelPlus Shareholders to Get Shares in XcelPlus Global Holdings BUSINESS WIRE SALUDA, Va.--(BUSINESS WIRE)----XcelPlus International Inc (PINK SHEETS:XLPI), XcelPlus International (http://XcelPlus.com) has established a new corporation to act as the principle holding company for all of its licenses, patents and proprietary formulas going forward.
XcelPlus Global Holdings Inc, the new Nevada Corporation, will be used for acquisitions and product development for all our products and formulas on a global scale. The new company will also be the parent company for XcelPlus International Inc, E85 Conversion and Lube Center operations, as well as XcelPlus Asia Pacific holdings.
All shareholders of record in XcelPlus International Inc (trading symbol XLPI) will receive a one year restricted stock distribution of 1 share in Xcelplus Global Holdings, Inc. for every 20 shares they hold in Xcelplus International Inc on April 7th and the stock distribution payout date is scheduled for April 21st 2006.
We are also now pushing our E85 conversion program to enable cars to burn E85 fuel with their regular gasoline. Our proprietary lubricants will enable cars to use E85 without damaging their engines form the acids produced through the combustion of E85.
quote:Originally posted by nt: So will you then have both shares or just the new ones?
Good question. Is this new stock being given as a bonus to the stocks already held? Other wise it looks like a 20:1 reverse split, and we all know how well RS usually work out with pennies.
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com'on baby run.
