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XELR8 Holdings Announces Fiscal 2007 Financial Results

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, 2006 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.


John Pougnet, CEO Stephen D. Axelrod, CFA

XELR8 Holdings, Inc. Alisa Steinberg (Media)

(303) 316-8577 Wolfe Axelrod Weinberger Assoc. LLC (212) 370-4500



For the Years Ended December 31, 2007 and 2006

2007 2006


Current assets:

Cash and cash equivalents $2,245,858 $76,147

Accounts receivable, net of

allowance for doubtful accounts

of $12,231 and $10,706,

respectively 7,460 4,785

Inventory, net of allowance for

obsolescence of $189,403 and

$41,655, respectively 370,843

SOURCE XELR8 Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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