Las Vegas, NV, November 01, 2018 --(PR.com
)-- XLI Technologies, Inc. (OTC PINK:XLIT) (“XLI” or the "Company") is pleased to provide current updates, adjustments and direction regarding its corporate position, status and adjusted business development plan.
XLI is finally approaching the finish line to be in current reporting status. Founder, Chairman & CEO of XLI, James Schramm states, “We were expecting and projected to be in current reporting status by yesterday, Oct 31, 2018. It is taking a little longer than projected and expected due to resolving some technical accounting issues. I feel confident stating that our updated projection and expected time frame of XLI to be in current reporting status would be within this month of November, but no later than the beginning of December 2018.” There will be an update and confirmation later this month regarding the status of the new projected time frame and any new plans.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.