DENVER, Nov. 12 XELR8 Holdings, Inc.(Amex: BZI), a provider of functional foods, beverages and nutritionalsupplements, today announced that at its 2007 Annual Meeting of Stockholdersheld this morning in Denver, shareholders approved all matters set forth inthe Company's proxy statement, which included the re-election of Boardmembers, the increase of shares issuable under its 2003 Stock Incentive Planfrom 2,200,000 to 3,000,000 shares, and the increase of shares issuable underits Distributor Stock Option Plan from 500,000 shares to 1,500,000.
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Members re-elected to the Board of Directors, who will serve until the2008 Annual Meeting of Stockholders, include Chairman John B. McCandless,CEO/CFO John Pougnet, Company President Douglas Ridley, AnthonyDiGiandomenico, AJ Robbins, Daniel Rumsey and Anthony Petrelli.
About XELR8 Holdings, Inc.
XELR8 Holdings, Inc. is a provider of nutritional foods and beveragesdesigned to help enhance physical health and overall performance. XELR8 hasdeveloped a comprehensive line of nutritional supplements and functional foodsdesigned in systems that are easy to take, simple to understand, andconveniently fit within a lifestyle. These include the Company'sEat/Drink/Snack System; Peak Performance System; and its newest market entry,Bazi(TM), a powerful, concentrated, antioxidant (Vitamins A, C & E)nutritional drink packed with eight different superfruits and berries,including the Chinese jujube plus 12 vitamins and 68 minerals, providing allthe daily vitamin and minerals you need in a single, convenient, one-ounceshot.
XELR8's commitment to quality, science and research has earned the Companya loyal following of over 350 world-class athletes and an elite list ofendorsers, such as three-time World Series Champion Curt Schilling, five-timeCy Young Award Winner Randy Johnson; Super Bowl Champions Mike Alstott, LawyerMilloy and Head Coach Mike Shanahan; professional football superstar CadillacWilliams; Olympians Briana Scurry and Caroline Lalive; Stanley Cup WinnerBlake Sloan; and PGA Tour Professional Tom Pernice, Jr. XELR8 products areonly available through independent distributors located throughout the nation.For more information about XELR8, please visit www.xelr8.com orwww.drinkbazi.com.
This press release may contain forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995, includingprospects for XELR8's distribution network. Actual results may differ fromthose discussed in such forward-looking statements. These forward-lookingstatements include risks and uncertainties that include the Company's abilityto attract and retain distributors; changes in demand for the Company'sproducts; changes in the level of operating expenses; changes in generaleconomic conditions that impact consumer behavior and spending; productsupply; the availability, amount, and cost of capital for the Company; and theCompany's use of such capital. More information about factors that potentiallycould affect the Company's financial results is included in the Company'sfilings with the Securities and Exchange Commission, including its AnnualReport on Form 10-KSB for the year ended December 31, 2006 and all subsequentfilings. Certain statements in this release regarding the Company's agreementsare in accordance with the guidelines established by the Federal TradeCommission for endorsements in advertising.Company Contacts: XELR8 Holdings, Inc. John Pougnet, CEO/CFO (303) 316-8577 CEO@xelr8.com Elite Financial Communications Group, LLC Dodi Handy, President and CEO (407) 585-1080 firstname.lastname@example.org
SOURCE XELR8 Holdings, Inc.