SOURCE: Xcellink International Inc.

Xcellink International Inc.

August 19, 2009 09:00 ET

Xcellink Confirms Critical Patent in India as Company Readies Itself for Deployment in World's Second Most Populous Country

LAS VEGAS, NV--(Marketwire - August 19, 2009) - Xcellink International Inc. (OTCBB: XCEL), an advanced platform-independent developer of customer-centric payment systems and methodologies, today confirmed that it has been granted Patent #207687 in India titled 'Automated Electronic Funds Transfer System and Method' which covers the automated data interchange to achieve transactions between customers (buyers) and merchants (sellers) over local wired or wireless links, essentially extending coverage for Xcellink's US Patent # 7024385.

"India is a dynamic and rapidly developing country, and securing this patent from the Indian authorities means we can operate there with total confidence," commented a Company spokesman. "As a next generation payment systems and technology company with global ambitions, Xcellink views India as an area of extremely high potential."

India is the world's fastest-growing mobile market with more than 360 million wireless (GSM, CDMA & WLL (F)) subscribers and is adding about six million new subscribers every month.

Already more than three billion people around the world have mobile access, with emerging markets responsible for 85 percent of new connections, according to the GSM Association, a mobile phone trade group. India's economy is expected to grow by 7-8% in this fiscal year, even after adjusting for the tough economic conditions.

Xcellink's technology is ideal for emerging markets such as India, which will leapfrog directly to the latest communication technologies as a result of having limited existing systems to inhibit change. This facilitates new mobile functionality (such as is described in Xcellink patents) providing fully automated trading capability including all functions of order, warehousing, delivery and importantly payment for all types of goods and services.

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.

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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 Contact
    Name: Barry Duane
    Email: Email Contact
    Toll-Free Phone: (866) 953-XCEL (9235)