RENO, NV, Aug. 13, 2021 (GLOBE NEWSWIRE) -- XcelPlus International Inc. (OTC PINK: XLPID) announced today that it intends to actively pursue partnerships with crypto-mining enterprises following its participation in the Mining Disrupt 2021 show in Miami.
The Mining Disrupt 2021 event took place from July 20th to 22nd in Miami, Florida. It was predominantly attended by representatives from companies in the tech, energy, and cryptocurrency mining industries.
XcelPlus International Chief Executive Officer Charles Robinson expressed his excitement with the outcome of the show.
“We connected with the owners and operators of many crypto-mining enterprises while we were in attendance at Mining Disrupt 2021,” said Robinson. “We are actively negotiating with several of these companies over the prospects of using our plasma gasifiers to potentially fuel their crypto-mining projects.”
Crypto mining has come under fire recently due to the energy demands and excessive burning of fossil fuels, which is often perceived by the general public to be wasteful.
“By using our plasma gasifiers to support their crypto mining expeditions, these mining companies will be benefiting entire communities by cleaning up landfills and clearing away unsightly waste materials,” explained Robinson. “Through these processes, they will be seen as contributing to a societal good even as they pursue wealth through their crypto mining endeavors.”
In addition to partnerships with crypto miners, XcelPlus is also actively soliciting partnerships with mining rig suppliers and exploring the viability of investing in a Bitcoin mining operation of its own.
“We are also working to resolve listing issues and bring our company into 15c2-11 compliance to assist investors with their financial decisions and to make our company more transparent,” stated Robinson.
Forward Looking Statements
Certain statements in this communication constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of future expectations and events, future strategic objectives, business prospects and anticipated results. Forward looking statements can often be identified by words and phrases such as “intends,” “pursue,” “will,” “can,” “moving,” “working to resolve,” “expect,” “bring,” and similar expressions and include, but are not limited to, statements regarding or relating to the company’s business plans, pursuit of partnerships with crypto mining enterprises mining rig suppliers and others, participation in the crypto-mining industry, the likelihood of our gasifiers being used in crypto-mining projects, the feasibility of using our plasma gasifiers to support crypto mining expeditions, the results of any negotiations, acceptance of and demand for our products and services, resolving listing issues, the ability of the company to comply with FINRA rules and regulations including compliance with rule 15c2-11, and the ultimate success in the marketplace of our products, services and technologies. Forward-looking statements are not guarantees of future results and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially and adversely from those expressed or implied in such statements. These statements are based on management’s current views and assumptions, speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update any forward-looking statements for any reason, except as required by law.
