SOURCE: Xcellink International Inc.

Xcellink International Inc.

October 20, 2009 06:00 ET

Xcellink Announces Availability of Licenses for Consumer-Centric E-Commerce Systems

LAS VEGAS, NV--(Marketwire - October 20, 2009) - Xcellink International Inc. (OTCBB: XCEL), a developer of a patented mobile payments & banking platforms, has announced the availability of licenses to develop and operate consumer-based financial systems for the general supply of goods and services worldwide. This follows from the award of patents to Xcellink in about 15 major jurisdictions covering a great many states and countries.

The patents cover a critical element of the emerging technology of mobile communications to individuals using mobile phones allowing traders and customers to exchange information directly avoiding the use of cash or cards and their equivalents. General phone networking permits new forms of contract management, and extend the concepts of a financial transaction to include warehousing, delivery, taxation, and all the aspects of consumer protection that will be demanded in the future.

The licenses are subject to individual negotiation in the country of effect, and licensees will have access to the results of the Preliminary Target Definition Study, and the specification for the Target Definition Study and beyond at a sufficient level to commence development work generally in accordance with US Military Specification MIL.STD.499A/B. Nearly a decade of development by those associated with Xcellink International Inc. has produced system designs for a wide range of transaction types which are available to licensees as part of the license arrangements.

A likely condition (subject to individual negotiation) of a license includes opportunities for reverse purchase of the results of development work and assistance with further Intellectual Property Protection Internationally.

About Xcellink

Xcellink International Inc. is a developer of advanced platform-independent customer-centric payment systems and methodologies. Xcellink's patented system has the technical ability to replace all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services in a customer-centric manner that is more efficient, economical, and secure than systems operating today. Xcellink's unique process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime, and at a fraction of the cost of current transactions. Please visit www.xcellink.com

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.

Contact Information

  • Investor Relations Xcellink
    Barry Duane
    Email Contact
    (866) 953-XCEL (9235)