SOURCE: Xcellink International Inc.

Xcellink International Inc.

August 12, 2009 09:30 ET

Xcellink International Inc. Secures Rights to Mobile Payment System

Mobile Payment Market Expected to Exceed $300B Globally by 2013

LAS VEGAS, NV--(Marketwire - August 12, 2009) - Xcellink International Inc. (OTCBB: XCEL), an advanced platform-independent developer of customer-centric payment systems and methodologies, today announced that it has completed the transfer of exclusive world-wide licenses to commercialize patents for the Xcellink technology.

Xcellink aims to become a major player in the next generation of customer payment systems. The Intellectual Property and associated Patents relate to critically important elements of automated data interchange between customers (buyers) and merchants (sellers) over local, wired or wireless electronic links, potentially replacing all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services.

"Xcellink's acquisition of the licenses was critical to an unrestricted ability to develop the technology further and commercialize the products," commented a Company spokesman. "Xcellink will take over the whole intellectual property database as part of the license."

Using existing technologies such as mobile phones and wireless digital networks, and exploiting the techniques associated with secure messaging systems and consumerization, the Xcellink 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.

The Xcellink technology is the subject of awarded and pending patents in several countries. The full list can be found at http://www.xcellink.com on the "Patents" page.

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