SOURCE: Xcellink International Inc.

Xcellink International Inc.

August 24, 2009 14:02 ET

Xcellink International Inc. to File 10Q Report With New Auditors

LAS VEGAS, NV--(Marketwire - August 24, 2009) - Xcellink International Inc. (OTCBB: XCELE), an advanced platform-independent developer of customer-centric payment systems and methodologies, today announced that due to the timing of the dismissal of its auditors, the company, will file its quarterly results for the period ended June 30, 2009, by week's end.

The company's shares are temporarily trading under the symbol XCELE.OB, but will revert back to XCEL.OB once the filing is made public.

The Board of Directors of Xcellink approved of the dismissal of Moore & Associates Chartered and the engagement of Seale and Beers, CPAs as its independent auditor.

Please also note that for the most recent fiscal period through to August 6, 2009, there have been no disagreements between Xcellink International, Inc. and Moore & Associates, Chtd. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Moore & Associates, Chtd. would have caused it to make a reference to the subject matter of the disagreement in connection with its reports.

Please see the 8K filed by Xcellink International Inc. with the Securities Exchange Commission for further information.

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)