XcelMobility Increases Technical Staff to Keep Pace With Growth
March 20 2012 - 9:00AM
Marketwired
XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or
the "Company"), a developer of high speed web browsing solutions
and related performance enhancing products for mobile devices,
wishes to advise that in response to a number of recently announced
agreements and initiatives, the Company has reacted with the
addition of skilled technical personnel in order to manage timely
product delivery and an increase in new product development.
Since the beginning of the new year, Xcel has entered into a
variety of licensing, sales and deployment agreements through a
variety of arrangement with, or for, Shenzhen LMI, China Mobile,
ZTE, China Unicom, Tianditu Limited, and Clickoo Limited. This
highly successful 3-month push has developed significant
opportunities for future growth and Company management aims to
proactively ensure its ability to manage the next phase of
corporate development.
Xcel CEO, Ryan Ge, comments, "As with any company, growth
impacts a number of factors we are more than happy to address. We
looked at the situation and determined that now is the time to
bolster our technical staff as our ability to manage the technology
is critical to our success. Once we complete the next quarter,
internal reviews will provide us with data to demonstrate our
effectiveness and will prove instrumental in creating a roadmap for
future growth as the technology becomes more widely adopted."
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, Ryan Ge, Director, XcelMobility Inc.
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Contact: Summit IR Services, Inc. E-mail:
investors@xcelinfo.com Telephone: 888-670-9255 (XCLL)
www.xcelmobility.com
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