SOURCE: Xcel Mobility Inc.

Xcel Mobility Inc.

May 13, 2013 08:00 ET

XcelMobility Retains New York-Based Investor Relations Firm Consulting for Strategic Growth 1

REDWOOD CITY, CA--(Marketwired - May 13, 2013) - XcelMobility Inc. (OTCQB: XCLL), ("Xcel" or the "Company"), is pleased to announce that it has retained Consulting for Strategic Growth 1 (CFSG1) as its primary investor relations and corporate development firm in order to drive investor awareness of the Company's expanding suite of mobile internet products and services.

CFSG1, with offices in New York and Atlanta, is a leader in investor and media relations and corporate development consulting. They specialize in the development of access to capital for early-stage growth companies. With decades of hands-on experience and broad personal outreach in the private and public investment communities, CFSG1 is focused upon putting XcelMobility in front of the right decision-makers. These decision makers, along with market makers and accredited investors are intimately familiar with the online mobile industry, and are positioned to participate in the successful development of the XcelMobility opportunity of delivering superior cellular connectivity to wireless users worldwide.

Stanley Wunderlich, CEO of CFSG1, remarked, "We are extremely pleased to be working with XcelMobility as they take on a leadership role within China's continuously expanding mobile market. The completion of Xcel's online product portal has driven a significant amount of consumer attention to the Company's products and services that uniquely enhance internet access and deliver more advanced applications to mobile devices. Now that Xcel has successfully captured the interest of the mobile industry, we are excited to share their success and continued growth with our wide-ranging investor and financial media."

Ron Strauss, Executive Chairman of the Board of XcelMobility, Inc., commented, "In the past year, we have grown our business significantly by partnering with leading players within China's mobile industry and expanding our products suite to offer the most advanced mobile technologies. We believe we have hit a critical point in our development with the introduction of our location-based service product due to its strong demand and the wide-ranging opportunities to incorporate the technology in cellular devices. We are excited to share the progress of these exciting growth opportunities as CFSG1 helps deliver our next milestones to the forefront of the investment community."

About XcelMobility, Inc.
XcelMobility is a leading developer of mobile internet products and services, specifically focused on China's burgeoning mobile market where mobile device users access the internet at double the rate than those in the U.S. The Company has developed an online product portal, www.mach5.cn, where resellers, developers and consumers, can access its cutting-edge suite of Mach5 products, including the Mach5 Accelerator -- Xcel's flagship product that significantly accelerates internet access- and the Mach5 LBS -- Xcel's newest technology, which allows developers and businesses to easily add advanced location capabilities to their mobile apps. With the introduction of the Mach5 LBS, Xcel has become the leader in providing location-based services for China's mobile market as it offers developers an easy and efficient means for incorporating real-time mapping to mobile applications.

The combination of smartphone proliferation, a surge in application storefront launches and new developments in hybrid positioning technologies are expected to help drive revenues from mobile location-based services (MLBS) around the world to more than $12.7 billion by 2014 (Juniper Research). Through the Company's deep relationships with China's leading mobile operators and its ability to incorporate today's most interactive and technologically advanced social and gaming applications to its suite of mobile internet products and services, it is rapidly securing a leadership position in China's mobile market. For more information visit: www.xcelmobility.com.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development of new business opportunities, zero operational impact and projected costs, future operations, revenue, profits, gross margins and results of operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Investor Relations Contact:

    Stanley Wunderlich
    Consulting for Strategic Growth 1 Ltd.
    Tel: 800-625-2236 ext. 7770
    Email: info@cfsg1.com