SOURCE: XcelMobility Inc.

XcelMobility Inc.

January 26, 2012 09:00 ET

XcelMobility to Provide 1.5M Xcelerated Wireless Devices

Licensing Agreement Introduces Xcel Mach 5 Products to Over 12 Million Potential Clients

REDWOOD CITY, CA--(Marketwire - Jan 26, 2012) - XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company"), a developer of high speed web browsing solutions and related performance enhancing products for mobile devices, is pleased to announce a contract to install Xcel's flagship Mach 5 Xcelerator on 1.5 million USB mobility devices in a licensing agreement with telecommunications agency Shenzhen Lighting Mobile Internet (LMI) Technology Co., Ltd.

As exclusive China Mobile agents in Shenzhen and throughout Guangdong province, Shenzhen LMI is the largest exclusive agent for any carrier in the region with over 12 million users including 2 million USB mobility "stick" subscribers. Currently, standard USB wireless modems utilize the TD SCDMA standard on China Mobile's 3G networks which are theoretically capable of 384Kbps. Actual download speeds currently average 40-80KB/S with upload speeds of approximately 30-40KB/S in field tests. With Xcel's Mach 5, speeds of up to 3 to 5 times faster are achievable across the network under comparable conditions.

Company CEO, Ryan Ge, comments, "This is an excellent opportunity to introduce our products to a new audience with the support of two major players in the industry. Laptop users will be very impressed and this will ramp up our penetration into the smartphone and tablet sectors. We are very pleased to be working with Shenzhen LMI and through them with China Mobile. With excellent price points for the Xcelerated USB stick at an anticipated RMB 250 Yuan (USD$38.00) or RMB 700 Yuan (USD$109.00) for a G3 MiFi wireless router, we think the market will jump on the bandwagon once users experience the extraordinary difference in speeds. The first products should be available in stores this February and we look forward to market feedback and further excellent news for the Company as we begin to deploy additional related products into the retail supply chain."

As part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934, further details of the Company's business, finances, appointments and agreements are filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.xcelmobility.com.

About XcelMobility Inc. (OTCBB: XCLL)
XcelMobility is a US based company focused on the research, development and commercialization of technologies for mobile internet users. The Company develops innovative products which considerably enhance the internet performance of smartphones, tablets and netbooks when connected to cellular carriers. Due to the vast size of the mobile market in Asia and the inherent propensity to connect to the internet using mobile devices, XcelMobility believes that shareholder value is best served by focusing commercialization efforts in the Asian marketplace prior to a product roll out on a global scale. 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.

On Behalf of the Board,
Ryan Ge, Director,
XcelMobility Inc.

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