XcelPlus Global Announces New President of Alternative Fuels.SALUDA, Va. -- XcelPlus Global Holdings Inc (PINK SHEETS:XPGH) (http://xcelplusglobal.com) is excited to announce that Mr. David Kreitzer has joined the XcelPlus Global team as President of Sustainable Liquid Fuels. Mr. Kreitzer, former president of Gopher State Ethanol ethanol (ĕth`ənōl') or ethyl alcohol, CH3CH2OH, a colorless liquid with characteristic odor and taste; commonly called grain alcohol or simply alcohol. , and former vice president of business development of Xethanol Corporation (XNL XNL Extensible Name Language ), brings with him a vast knowledge of the ethanol and alternative fuel industries. Mr. Kreitzer's role at Xcelplus will be to pull together technologies to implement XcelPlus' business plan to gasify coal into diesel fuel and gasify municipal waste into ethanol. Gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas technologies are well proven and have been around for many years. In the 1940's Germany produced diesel fuel by gasifying coal into syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with . The syngas was then catalyzed into diesel fuel using a process known as Fischer Tropsch. Although the Germans made diesel fuel, the Fischer Tropsch process can transform syngas into methanol methanol, methyl alcohol, or wood alcohol, CH3OH, a colorless, flammable liquid that is miscible with water in all proportions. Methanol is a monohydric alcohol. It melts at −97. , ethanol and other liquid fuels by varying the catalyst. XcelPlus is working with its trading partners in Thailand to develop the gasification fuel technologies into modular fuel plants. Each plant will produce roughly three to four million gallons of fuel per year, and multiple plants will be capable of being joined together to increase fuel production and waste disposal at a single sight. The modular nature of the plants will enable XcelPlus to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. global economics to reduce production costs and decrease production times. More information is available at http://www.xcelplusglobal.com This press release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 International Inc will be achieved. |
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