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XcelMobility Enters Discussions With Xinjiang Mobile to Target Mobile Corporate Workforce(May 07, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 05/07/12 -- 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 Shenzhen LMI, acting as Xcel's sales agent in the Xinjiang Uyghur autonomous region, has commenced negotiations with leading network operator Xinjiang Mobile to offer Xcel Mobility's Mach 5 Xcelerator technology to a key market segment of highly mobile, high bandwidth consuming corporate sector clients.
Initial roll-out plans are focused on the Xinjiang Uyghur autonomous region (pop. 21.8m) of northwestern China. Discussions have concentrated on proposals for the regional deployment of XcelMobility sales and support personnel in order to introduce Xinjiang Mobile's corporate clientele to the Mach 5 technology as a means to simultaneously improve internet connectivity and decrease bandwidth usage. The resulting overall improvement to productivity from this large and growing mobile workforce is aimed at further developing a persuasive marketing initiative intended to spread from a regional success story into a compelling sales message embracing a wider, national audience.
Xinjiang Mobile (www.xj.10086.cn/) is the Xinjiang Uyghur autonomous region's largest cellular carrier. Discussions call for a proposed initial product test run of a at least 100,000 USB mobility devices to provide rapid penetration and an opportunity to deploy marketing efforts as quickly as commercially practicable.
Xcel CEO Ryan Ge comments, "The interest by Xinjiang Mobile is another big endorsement of the capabilities and benefits our products bring cellular carriers, and the news is spreading throughout Asia. Our discussions are quite advanced and we hope to have a formal agreement in place within the next 10 to 14 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 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,
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