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XcelMobility Enters Discussions With China Mobile to Target Mobile Corporate WorkforceRapidly Growing Sector a Springboard to National Sales Opportunity (February 29, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 02/29/12 -- 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 that it has commenced negotiations with leading network operator China Mobile to offer Xcel Mobility's Mach 5 Xcelerator technology to a key market segment of high bandwidth, mobile computing corporate sector clients.
Initial roll-out plans are focussed on Guizhou province in southwestern China. Discussions have concentrated on proposals for the deployment of XcelMobility sales and support personnel within the province in order to introduce China Mobile's corporate clientele to the Mach 5 technology as a means to simultaneously improve internet connectivity and decrease bandwidth usage. The improvement to overall productivity from this large and growing mobile workforce is aimed at developing a persuasive marketing initiative intended to spread from a regional success story into a compelling sales message embracing a national audience.
China Mobile (http://www.chinamobileltd.com/) is the world's largest cellular carrier with almost 650 million customers. Should initial trials in Guizhou province prove successful as anticipated, China Mobile has indicated that the Mach 5 Xcelerator would be ideally suited for its corporate market throughout the other 34 provinces and administrative regions of China. Xcel is determined to address the mobile service needs for the large enterprise market in China and abroad. With the help of China Mobile as a partner, Xcel aims to develop direct access to some of the largest enterprise organizations in all of China.
Xcel's Executive Chairman, Ron Strauss comments, "While we are at an early stage in our negotiations, we believe that the clarity of our combined vision and the level of discussions clearly demonstrates positive steps towards a deepening relationship with China Mobile. We are very excited about the potential this opportunity represents and truly look forward to concluding our discussions with a mutually beneficial outcome over the next 30 to 60 days."
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 and to view the Company's corporate video please 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 including our corporate video, please 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,
Ron Strauss, Chairman,
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