XLPI Xcelplus International Inc (CE)

XcelPlus International Inc (PINK SHEETS: XLPI), XcelPlus International (http://XcelPlus.com) announces that it has purchased property to build its new plant on as well as expand operations. The property was purchased for $530,000. This price is over $100,000 below the appraisal price of the property. The property consists of almost six acres in a rural setting where Xcelplus has been operating from for the last four years under a lease agreement. Acquisition of this asset will allow Xcelplus to build the new blending plant as well as new distribution centers without any restrictions, which would have occurred under a lease agreement. The management team of Xcelplus is excited about this option of owning property versus improving assets for the leasing company. This acquisition also allows Xcelplus to establish an asset base from which to stabilize its stock and company net worth. Xcelplus anticipates that the property, upon completion of development, should be appraised at close to two million dollars. Xcelplus is still renovating the building, improving its asset base along the way. Xcelplus is also looking at possible acquisition of another property in the future as part as its expansion planning. It is anticipated that this property will be developed with one and a half million square feet of production facilities for the blending, bottling and packaging of our products on a world wide scale. 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.