SOURCE: Xcellink International Inc.

Xcellink International Inc.

August 17, 2009 09:00 ET

Xcellink Expects Rapid Growth in Mobile Commerce and Expects Its Patents to Be Key

300 Billion Mobile Payment Transactions Will Be Made in 2013, Totaling US$800 Billion, According to a New Report

LAS VEGAS, NV--(Marketwire - August 17, 2009) - Xcellink International Inc. (OTCBB: XCEL), an advanced platform-independent developer of customer-centric payment systems and methodologies, today welcomed Mobile Telecommunications Industry observations predicting rapid growth in mobile payments using smart phones.

Informa Telecoms & Media predicts that 300 billion mobile payment transactions will be made in 2013, totaling US$800 billion, according to a new report. It also suggest that revenue from mobile payments in 5 years time will be as high as US$10 billion, a twelve-fold increase on what we see today.

The report also predicts that mobile transactions will change in nature; whilst in 2008, approximately one third of mobile payments were for mobile content such as ringtones or games, by 2013 people will be far more likely to be using their mobile to purchase physical goods and services. Alongside this, users of mobile banking are predicted to grow significantly, from 67 million in 2008 to 977 million in 2013.

A scan of the industry reports will show that the effort going into mobile payments at the moment is huge: Many banks, often in conjunction with communications companies are trialling payment systems based on near-field communications around the world, new software solutions are facilitating remote payment over mobile internet connections, remote imaging of cheques is becoming common, and hardware manufacturers are producing add-on phone items that allow some of the older card techniques to be accommodated.

"We fully agree with the industry trends that there will be exceptional growth rates in mobile payments over the coming years," commented a Company spokesman. "But this is only the beginning. As new developments allow even faster and more immediate communications to mobiles, and more integrated services utilizing near-field links between mobiles and businesses, then our patents which address some of the problems in the currently available solutions will be key to a whole new range of services based on consumer-centric solutions that will revolutionize personal trade."

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)