(CORRECTION) XcelPlus International 1 to 100 counter-stock
Reno, Nevada, July 23, 2021 (GLOBE NEWSWIRE) – XcelPlus International Inc. (OTC Pink: XLPI) today announced a reverse split of 1 percent of its outstanding common shares. The effective date of the stock split is July 26, 2021.
While the Financial Sector Regulatory Authority (FINRA) dealt with the reverse division, FINRA neither approved nor disapproved of the action. FINRA’s processing of the reverse split does not constitute approval by FINRA. Further, FINRA’s treatment of the reverse division does not mean that FINRA has considered the company’s compliance with any federal, state, or other self-regulatory requirements.
“I ask our shareholders to be patient as we complete this transition,” said XLPI President and CEO Charles Robinson. “There are a lot of wheels turning here at XcelPlus. We are working diligently to provide value and transparency to our shareholders, and to that end, we plan to post our unaudited financial statements and other important information on our website in the coming weeks.
Certain statements contained in this communication constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of expectations and future events, future strategic objectives, business prospects and results expected. Forward-looking statements can often be identified by words such as “will”, “may”, “move”, “expect” and similar expressions and include, without limitation, statements concerning or relating to the structure. of capital and acquisition of the company strategies, company initiatives, the company’s transition into any industry, our ability to bring products, services and technologies to market and ultimate success in the market of these products, services and technologies. Forward-looking statements are not guarantees of future results and are subject to known and unknown risks and uncertainties which could cause actual results to differ materially and adversely from those expressed or implied in such statements. These statements are based on the current opinions and assumptions of management, speak only as of the date hereof and are subject to change. We assume no obligation to revise or update any forward-looking statements for any reason, except as required by law.