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XcelPlus Global Holdings Announces New President / CEO

^{Published on 2009-02-10 13:22:38, Last Modified on 2009-02-10 13:23:25 - Market Wire}
 

TOPPING, Va.--([ BUSINESS WIRE ])--XcelPlus Global Holdings Inc. (Pink Sheets: XPGH) announces that J. Michael Parsons has recently become the corporation's new President and CEO.

Previously, he was president of Parsons Energy, located in Dothan, Alabama. Parsons Energy was started in 2007 to purchase and trade component products from the biodiesel industry, with a focus on marketing these components for coal, boiler and industrial burner applications.

As President and CEO of XcelPlus Global Holdings Parsons will help lead XcelPlus Global into the new alternative energy future, bringing in contracts for component sales, promoting sales of GlyCoal, GlyClene, Diesenol, Lubrilon and DigiFlex, as well as some of the other products XcelPlus Global Holdings has in its portfolio of technologies.

Parsons seeks to increase shareholder value with his business acumen, financing and acquisitions background beginning in the 1980s. These talents align perfectly to the vision XcelPlus Global Holdings has for it technologies, some of which are now ready for commercial, retail and distribution markets in various parts of the world.

According to Parsons, "Timing for a global vision of entities related to alternative and renewable fuels, in conjunction with our current technologies and products, should allow XcelPlus Global to become a major power in solving the most obvious crisis called energy."

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 Holdings Inc. 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 Holdings Inc. or any other person that the objective and plans of XcelPlus Global Holdings Inc. will be achieved.