**Exhibit99.1**

**XELR8 HOLDINGS REPORTS 2006YEAR-END RESULTS**

***Tele-Conference and WebCast Scheduled for this Afternoon Beginning at4:15 PM ET***

***DENVER, Colo.***—***(PR NEWSWIRE)***—***March 27, 2007*** — XELR8 Holdings,Inc. (AMEX:BZI), a provider of functional foods, beverages and nutritional supplements,today announced results for fiscal year 2006, ended December 31, 2005.

**ComparativeYear-Over-Year Financial Data and Key Operational Highlights:**

·                  Revenues climbed 75% to $2.15 million in 2006compared to $1.23 million in the prior year.

·                  Gross profit margin on sales improved to63.9% in 2006 from 55.9% in 2005.

·                  In 2006, net loss from operations declined to$4.67 million, decreasing 9.0% from $5.11 million reported for the previousfiscal year.

·                  Net loss totaled $4.67 million, or $0.48 lossper basic and diluted share, in 2006, down 7.0% from a net loss of $5.02million, or $0.57 loss per basic and diluted share, in 2005.

·                  As of December 31, 2006, the Company hadapproximately $76,000 in cash, $752,000 in total current assets, no long termdebt and a total shareholders’ deficit of $390,000.  In early March, XELR8 announced thecompletion of a $2 million equity financing, which materially strengthened itsbalance sheet and working capital position.

·                  XELR8 completed the development of its newliquid, nutritional drink, *Bazi**TM**,*and formally launched the highly anticipatedproduct at its 2007 National Distributor Rally, held on January 12, 2007 in LasVegas.

·                  The Company ended the year with 2,761 totaldistributors in its national direct selling network.  However, XELR8 reported on March 6, 2007 thatwithin six weeks following the launch of *Bazi*, it hadenrolled 494 new program participants (as of the end of February).  For March 2007, the Company believes that newenrollments will exceed those of February.

·                  At its annual meeting of shareholders held inearly March 2007, stockholders approved the corporate name change from VitaCubeSystems Holdings, Inc. to XELR8 Holdings, Inc., and on March 20, the Companyinitiated trading on the American Stock Exchange under its new ticker symbol, “BZI”.

“2007 has started off on very strong footing,” stated John Pougnet,Chief Executive Officer and Chief Financial Officer of XELR8.  “We continue to be very pleased with theremarkable sales and distributor growth we have been experiencing since thelaunch of *Bazi,*and see no deceleration in thepositive momentum we’ve achieved, thus far. Moreover, the $2 million capital infusion has helped to greatly enhanceour ability to support our national marketing efforts and expand our efforts towin even greater support with *Bazi*.  As a consequence, our 2007 first quarterresults should reflect that XELR8 has gained considerable fundamental strengthin a number of critical areas, not the least of which is top line revenues.”

XELR8 will host a teleconference the same afternoon beginning at 4:15PM Eastern Time, and invites all interested parties to join management in adiscussion regarding the Company’s financial results, corporate progression andother meaningful developments.  Theconference call can be accessed via telephone by dialing toll free1-800-218-0204, or via the Internet at www.xelr8.com.   For those unable to participate at thattime, a replay of the webcast will be available for 90 days on www.xelr8.com.

**About XELR8 Holdings, Inc.**

XELR8 Holdings, Inc. is a provider of nutritional foods and beveragesdesigned to help enhance physical health and overall performance.  XELR8 has developed a comprehensive line ofnutritional supplements and functional foods designed in systems that are easyto take, simple to understand, and conveniently fit within a lifestyle. Theseinclude the Company’s *Eat/Drink/Snack System*;*Peak Performance System*; and its newestmarket entry, *Bazi**TM*, a powerful, concentrated, antioxidantnutritional 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.

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XELR8’s commitment to quality, science and research has earned theCompany a loyal following of over 350 world-class athletes and an elite list ofendorsers, such as five-time Cy Young Award Winner Randy Johnson; Super BowlChampions Mike Alstott, Lawyer Milloy and Head Coach Mike Shanahan;professional football superstar Cadillac Williams; Olympians Briana Scurry andCaroline Lalive; Stanley Cup Winner Blake Sloan; and PGA Tour Professional TomPernice, Jr.  XELR8 products are onlyavailable through independent distributors located throughout the nation.  For more information about XELR8, pleasevisit www.xelr8.com or www.drinkbazi.com.

**XELR8HOLDINGS, INC. CONSOLIDATED BALANCE SHEETSFor the Years Ended December 31, 2006 and 2005**
| ** **                                                                                                                  | ** ** | **2006**    | ** ** | **2005**    | ** ** |
|-----------------------------------------------------------------------------------------------------------------------------|------------|-------------|------------|-------------|------------|
|                                                                                                                        | * *   | * *    |       |        |       |
| **ASSETS**                                                                                                                  |       |        |       |        |       |
| Current assets:                                                                                                             |       |        |       |        |       |
| Cash                                                                                                                        |       | $           | 76,147     |        | $          | 2,805,021 |   |
| Short term Investments                                                                                                      |       | —      |       | 110,000     |       |
| Accounts receivable, net of allowance for doubtful  accounts of $10,706 and $5,463, respectively                            |       | 4,785       |       | 8,758       |       |
| Inventory, net of allowance for obsolescence of  $41,655 and $16,879, respectively                                          |       | 411,364     |       | 542,749     |       |
| Prepaid expenses and other current assets                                                                                   |       | 259,292     |       | 279,502     |       |
| Total current assets                                                                                                        |       | 751,588     |       | 3,746,030   |       |
|                                                                                                                        |       |        |       |        |       |
| Property and  equipment, net                                                                                                |       | 123,943     |       | 93,423      |       |
| Intangible  assets, net                                                                                                     |       | 11,212      |       | 36,219      |       |
| Deferred  offering and loan costs                                                                                           |       | 133,889     |       | —      |       |
|                                                                                                                        |       |        |       |        |       |
| Total assets                                                                                                                |       | $           | 1,020,632  |        | $          | 3,875,672 |   |
|                                                                                                                        |       |        |       |        |       |
| **LIABILITIES  AND SHAREHOLDERS’ EQUITY (DEFICIT)**                                                                    |       |        |       |        |       |
| Current  liabilities:                                                                                                       |       |        |       |        |       |
| Accounts payable and accrued expenses                                                                                       |       | $           | 1,160,916  |        | $          | 455,996 |   |
| Short-tem note payable                                                                                                      |       | 250,000     |       | —      |       |
|                                                                                                                        |       |        |       |        |       |
| Total Liabilities                                                                                                           |       | 1,410,916   |       | 455,996     |       |
|                                                                                                                        |       |        |       |        |       |
| Commitments and  Contingencies                                                                                              |       |        |       |        |       |
|                                                                                                                        |       |        |       |        |       |
| **SHAREHOLDERS’  EQUITY (DEFICIT):**                                                                                   |       |        |       |        |       |
| Preferred stock,  authorized 5,000,000 shares, $.001 par value, none issued or outstanding                                  |       | —      |       | —      |       |
| Common stock,  authorized 50,000,000 shares, $.001 par value, 10,097,170 and 9,618,900  issued and outstanding respectively |       | 10,097      |       | 9,619       |       |
| Additional paid  in capital                                                                                                 |       | 16,849,900  |       | 15,990,889  |       |
| Accumulated  (deficit)                                                                                                      |       | (17,250,281 | )          | (12,580,832 | )          |
|                                                                                                                        |       |        |       |        |       |
| Total shareholders’ equity (deficit)                                                                                   |       | (390,284    | )          | 3,419,676   |       |
|                                                                                                                        |       |        |       |        |       |
| Total  liabilities and shareholders’ equity (deficit)                                                                  |       | $           | 1,020,632  |        | $          | 3,875,672 |   |

 

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**XELR8 HOLDINGS, INC.CONSOLIDATED STATEMENTS OF OPERATIONSFor the Years Ended December 31, 2006 and 2005**
| ** **                                                     | ** ** | **2006**   | ** ** | **2005**   | ** ** |
|----------------------------------------------------------------|------------|------------|------------|------------|------------|
|                                                           |       |       |       |       |       |
| Net revenues                                                   |       | $          | 2,148,420  |       | $          | 1,227,803 |   |
| Cost of goods  sold                                            |       | 775,762    |       | 540,916    |       |
| Gross profit                                                   |       | 1,372,658  |       | 686,887    |       |
|                                                           |       |       |       |       |       |
| Operating  expenses:                                           |       |       |       |       |       |
| Selling and marketing expenses                                 |       | 2,626,613  |       | 2,856,351  |       |
| General and administrative expenses                            |       | 3,275,689  |       | 2,844,633  |       |
| Research and development expenses                              |       | 73,921     |       | 70,037     |       |
| Depreciation and amortization                                  |       | 66,333     |       | 25,682     |       |
| Total operating expenses                                       |       | 6,042,556  |       | 5,796,703  |       |
|                                                           |       |       |       |       |       |
| Net (loss) from  operations                                    |       | (4,669,898 | )          | (5,109,816 | )          |
| Other income  (expense)                                        |       |       |       |       |       |
| Interest income                                                |       | 34,337     |       | 96,780     |       |
| Interest (expense)                                             |       | (33,888    | )          | (2,841     | )          |
|                                                           |       |       |       |       |       |
| Total other income (expense)                                   |       | 449        |       | 93,939     |       |
|                                                           |       |       |       |       |       |
| Net (loss)                                                     |       | $          | (4,669,449 | )          | $          | (5,015,877 | ) |
|                                                           |       |       |       |       |       |
|                                                           |       |       |       |       |       |
| Net (loss) per  common share                                   |       |       |       |       |       |
| Basic and diluted net (loss) per share                         |       | $          | (0.48      | )          | $          | (0.57 | ) |
|                                                           |       |       |       |       |       |
|                                                           |       |       |       |       |       |
| Weighted average common  shares outstanding, basic and diluted |       | 9,714,021  |       | 8,768,452  |       |

 

**Forward-looking Statements**

This press release contains 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; product supply;the availability, amount, and cost of capital for the Company; and the Company’suse of such capital. More information about factors that potentially couldaffect the Company’s financial results is included in the Company’s filingswith the Securities and Exchange Commission, including its Annual Report onForm 10-KSB for the year ended December 31, 2006 and all subsequent filings.Certain statements in this release regarding the Company’s agreements are inaccordance with the guidelines established by the Federal Trade Commission forendorsements in advertising.
| **Company Contacts:** | **XELR8 Holdings, Inc.**  | **Elite Financial Communications Group, LLC** |
|-----------------------|---------------------------|-----------------------------------------------|
| ** **            | **John Pougnet, CEO/CFO** | **Dodi Handy, President and CEO**             |
| ** **            | **(303) 316-8577**        | **(407) 585-1080**                            |
| ** **            | **CEO@xelr8.com**         | **bzi@efcg.net**                              |

 

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