SOURCE: Xcellink International Inc.

Xcellink International Inc.

November 05, 2009 06:00 ET

Xcellink Patent Awarded in China, World's Biggest Market That Tops 600 Million Users

LAS VEGAS, NV--(Marketwire - November 5, 2009) - Xcellink International Inc. (OTCBB: XCEL), a developer of patented mobile payments and banking platforms, today confirmed it has been awarded Patent # ZL 97197543.4 in China, titled 'Automated Electronic Funds Transfer System and Method,' which covers automated data interchange to achieve transactions between customers (buyers) and merchants (sellers) over local wired or wireless links.

"This patent is one of several that were recently transferred to Xcellink as part of a worldwide exclusive license. China is potentially one of the main markets for our technology," commented a Company spokesman. "Xcellink's cost-effective, convenient and secure payment solution has the potential to revolutionize the payments industry across the globe, including China."

China is embracing technology at an incredible pace, with over five million new mobile devices being added to the network a month, each one representing a potential user of Xcellink technology. Because of the lack of legacy systems in China, the country has been able to leapfrog old technologies and adopt the latest communication systems, facilitating the use of advanced E-Commerce systems such as Xcellink's.

The number of China's mobile payment users reached 19.2 million at the end of June 2009, Interfax China reports, citing statistics released by local bankcard association China UnionPay.

During the first six months of 2009, the number of mobile payment transactions hit 62.69 million, worth USD 2.49 billion, growing by 42.4 percent and 63.7 percent year-on-year, respectively. The number of transactions via fixed-line telephones has registered a 370 percent increase year-on-year to 37.2 million, with a value of USD 49.06 billion (up 270 percent year-on-year). By the end of 2009, there will be 108 million mobile payment users in China and by 2010 their numbers will increase to 147 million, according to estimates made by Chinese IT market research and consulting company CCW Research.

A spokesman for Xcellink observed, "The growth of mobile internet connections in China indicates an exceptional willingness to use the mobile network for far more than simple phone services, and suggests that the Chinese population welcomes enhanced mobile 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. Please visit

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
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    (866) 953-XCEL (9235)