XCPCNL Business Services Announces CEO Transition and Provides Update of Q1 2023 Results

CHARLOTTE, NC / ACCESSWIRE / May 4, 2023 / XCPCNL Business Services Corporation (OTC PINK:XCPL), a venture development business that leverages knowledge, skill, and experience in the consumer products industry, today announced that Timothy Matthews, XCPCNL's current CEO will step down from his position in June 2023 at which time it is our expectation that the Board of Directors of the Company will appoint a new CEO.

"I will be leaving XCPCNL with the utmost confidence in new Managements ability to drive growth and profitability. Now is the right time for me to pursue other personal interests and focus on my health once we have a smooth transition of responsibilities. I would like to thank the entire XCPCNL team and Shareholders for their support over the last two and a half years" said CEO Tim Matthews.

Update on Q1 2023 Earnings Release Date

XCPCNL will release its results for the 1st quarter of 2023 on May 15, 2023. Details and shareholder webinar to follow.

XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate social media platforms:

https://twitter.com/RealXCPCNL

https://www.linkedin.com/company/xcpcnl-business-services-corp/

Forward-Looking Statements Disclaimer:

This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filing with the Over the Counter Market ("OTC"). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

About XCPCNL:

Charlotte, NC-based XCPCNL Business Services is a venture development business that leverages its knowledge, skills, and experience in the consumer products industry. Our primary mission is to provide marketing, technology, and other business services to fast-growing consumer product companies and big-box retailers. XCPCNL is a minority-owned and controlled firm. To learn more about our businesses, services, and opportunities, please contact: info@xcpcnl.com

To learn more about XPCNL, visit www.xcpcnl.com

For Inquiries:
Email: ir@xcpcnl.com

SOURCE: XCPCNL Business Services Corp.