DENVER, June 7 /PRNewswire-FirstCall/ -- VitaCube Systems Holdings, Inc., d/b/a/ XELR8 Holdings, Inc. (AMEX:PRH), a provider of functional foods, beverages and nutritional supplements, today reported that the Company increased the number of new distributors in its national direct selling network 6.6% to 2,572 -- up 159 over 2,413 total distributors reported for April. In previous announcements, the Company has reported that it is endeavoring to expand its network to over 6,500 distributors within 12-18 months to provide the framework necessary to achieve breakeven cash flow.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050926/FLM015LOGO ) "Over 746 new distributors have joined our steadily growing network of direct selling professionals since the beginning of this year," stated Earnest Mathis, Chairman and CEO of XELR8. "By maintaining this rate of growth for the balance of 2006, we should remain on pace to more than double the size of our distributor network by the end of the year. Moreover, as we execute key sales, marketing and product strategies during this critical 'building phase' of our Company's development, we expect that success will breed success, helping to accelerate our growth in the long run." About XELR8 Holdings, Inc.
VitaCube Systems Holdings, Inc., d/b/a/ XELR8 Holdings, Inc., is a provider of nutritional foods and beverages designed to help enhance physical health and overall performance. XELR8 has developed a comprehensive line of nutritional supplements and functional foods designed in systems that are easy to take, simple to understand, and conveniently fit within a lifestyle. XELR8's commitment to quality, science, and research has earned them a loyal following of over 350 world-class athletes and an elite list of endorsers, such as five-time Cy Young Award Winner Randy Johnson; Super Bowl Champions Mike Alstott, Lawyer Milloy and Head Coach Mike Shanahan; professional football superstar Cadillac Williams; Olympians Briana Scurry and Caroline Lalive; Stanley Cup Winner Blake Sloan; and PGA Tour Professional Tom Pernice, Jr. XELR8 products are only available through independent distributors located throughout the nation. For more information about XELR8, please visit http://www.xelr8.com/ .
Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including prospects for XELR8's distribution network. Actual results may differ from those discussed in such forward-looking statements. These forward looking statements include risks and uncertainties that include the Company's ability to attract and retain distributors; changes in demand for the Company's products; changes in the level of operating expenses; changes in general economic conditions that impact consumer behavior and spending; product supply; the availability, amount, and cost of capital for the Company; and the Company's use of such capital. More information about factors that potentially could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB for the year ended December 31, 2005 and all subsequent filings. Certain statements in this release regarding the Company's agreements are in accordance with the guidelines established by the Federal Trade Commission for endorsements in advertising.
Company Contacts: VitaCube d/b/a XELR8 Holdings, Inc. Earnest Mathis, CEO
303-316-8577, x228
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
407-585-1080
http://www.newscom.com/cgi-bin/prnh/20050926/FLM015LOGO http://photoarchive.ap.org/ DATASOURCE: VitaCube Systems Holdings, Inc., d/b/a/ XELR8 Holdings, Inc.
CONTACT: Earnest Mathis, CEO, VitaCube, XELR8 Holdings, Inc., +1-303-316-8577, ext. 228, or ; or Dodi Handy, President and CEO, Elite Financial Communications Group, LLC, +1-407-585-1080, or , for VitaCube Web site: http://www.xelr8.com/
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