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XcelPlus' Clean Coal Technology Successfully Tested at Edison Power Plant

^{Published on 2009-02-12 10:09:44, Last Modified on 2009-02-12 10:10:30 - Market Wire}
 

TOPPING, Va.--([ BUSINESS WIRE ])--XcelPlus Global Holdings Inc. (Pink Sheets: XPGH) has successfully completed a test of its GlyCoal™ clean energy fuel at an Edison Power-owned 80-megawatt plant in West Virginia.

In the test, GlyCoal reduced coal consumption by 10 percent, in turn reducing the sulfur dioxide and CO2 emissions from coal by 10 percent. "GlyCoal is considered a clean coal technology because it effectively reduces coal emissions and byproducts when used as a replacement fuel," said J. Michael Parsons, President and CEO of XcelPlus Global Holdings.

XcelPlus Global is an emerging alternative energy company that develops new fuel technologies, such as GlyCoal, to offset the use of fossil fuels and carbon emissions from those fuels. "Emissions from burning GlyCoal are acceptable under upcoming regulations because it's a renewable fuel source," Parsons explained. "We can deliver 500,000 gallons to a power plant today, if requested. Coal companies face millions, possibly billions, of dollars in new taxes under the forthcoming Carbon Tax. The successful outcome of this test could have a significant impact on their bottom line."

XcelPlus International (XLPI), a subsidiary company, processes GlyCoal from waste byproducts of biodiesel production. XcelPlus Global holds the pending patent on the process and is preparing to take the product to market, Parsons added.

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.