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XcelMobility Develops Mach 5 High Speed Mobility Access for iPhone Users(November 15, 2011)
REDWOOD CITY, CA -- (Marketwire) -- 11/15/11 -- XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company"), a developer of high-speed web browsing solutions and related performance enhancing products for mobile devices, is pleased to announce plans to shortly introduce iPhone and iPad users to a truly high speed mobility experience with its flagship Mach 5 Xcelerator product line.
Currently available for Android and Windows operating systems, the Mach 5 "Xcelerator" enables users to load applications, videos and web pages via the fastest browsing experience available for mobile phones, tablet PCs and laptops in the Asian marketplace. The Mach 5 browser has been tested by some of the world's largest cellular carriers (China Telecom, China Mobile, Softbank and SK Telecom), and all independently verify that Mach 5 provides 5 to 10 times faster access to the internet than standard web browser-based systems.
The battle over Asia's massive cell phone subscriber base is fierce as the region already boasts over 1.5 billion mobile phone users -- more than triple the population of the United States. As the spending power of the region's citizens grow, that number is certain to swell and competition will grow accordingly. Currently, the Android operating system (and variants) appears to be positioned as the most popular mobile operating system in the world's most populous region. However, Apple is an incredibly revered brand in Asia and there is no more potent and accessible status symbol for Asian consumers with newfound discretionary income than the iPhone.
Given that an unlocked iPhone 4 costs approximately twice what the average new Android phone from Samsung, Motorola or HTC retails for (according to Asia-focused research firm ZDC), XcelMobility originally developed the Mach 5 to address a broad base of early adopters within the fastest growing user demographic. With the onset of increased growth of iPhone and iPad users, the company is utilizing both internal and external resources in order to rapidly complete ongoing development of the updated Apple-ready Mach 5 with the aim to launch the product in the second quarter of 2012.
Ryan Ge, CEO of XcelMobility, comments, "We are encouraged by the increase in adoption of Apple mobility products and aim to ensure that iPhone and iPad users will be able to benefit from the many advantages our products and applications offer. Our development team is on target with Q2 delivery and we look forward to introducing the Xcel product line to millions of new users in 2012."
As part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934, further details of the Company's business, finances, appointments and agreements are filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.xcelmobility.com.
About XcelMobility Inc. (OTCBB: XCLL)
XcelMobility is a US-based company focused on the research, development and commercialization of technologies for mobile internet users. The Company develops innovative products which considerably enhance the internet performance of smartphones, tablets and netbooks when connected to cellular carriers. Due to the vast size of the mobile market in Asia and the inherent propensity to connect to the internet using mobile devices, XcelMobility believes that shareholder value is best served by focusing commercialization efforts in the Asian marketplace prior to a product roll out on a global scale. For more information visit: www.xcelmobility.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. 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. Such forward-looking statements include, among other things, the development of new business opportunities, zero operational impact and projected costs, future operations, revenue, profits, gross margins and results of operations. 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 new projects and development stage companies. 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 any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any 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 annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
On Behalf of the Board,
Ryan Ge, Director,
Copyright @ Marketwire
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