REDWOOD CITY, Calif.,
Sept. 22, 2011 /PRNewswire/ --
XcelMobility Inc. (OTCBB: XCLL), ("Company" or "Xcel") is pleased
to announce that it has completed a reverse take-over (RTO) of CC
Mobility Limited ("CC Mobility").
On August 30, 2011, XcelMobility
Inc. closed a voluntary share exchange transaction with CC Mobility
Limited and the shareholders of CC Mobility pursuant to a Share
Exchange Agreement dated July 5, 2011
by and among Xcel, CC Mobility, the Selling Shareholders and
Shenzhen CC Power Corporation ("CC Power").
XcelMobility Inc. (formerly CC Power) is primarily engaged in
the research, development and commercialization of applications for
mobile devices that access the Internet utilizing mobile phone
networks. XcelMobility's flagship product is the Mach 5 accelerator
that enables subscribers to access and utilize the Internet
significantly faster than without the product. XcelMobility also
produces other products for mobile phones that leverage off the
performance of the Mach 5 product as well as products that increase
the speed of Virtual Private Networks.
"This is a very positive move forward for XcelMobility as we
strive to make an immediate impact in the telecommunications field.
The XcelMobility management has set a mandate to be a leader
and innovator and bring products that will make an immediate impact
to our users. Our marquee product is the Mach 5 browser,
which provides users the fastest browsing experience available for
your phone, tablet or mobile computer. The Mach 5 browser has been
tested by 6 of the world's largest cellular carriers; China
Telecom, China Unicom, China Mobile, NTT Docomo, Softbank and KDDI,
and they have all independently verified that Mach 5 provides 5 to
10 times faster access to the Internet than standard web browsers,"
stated Ron Strauss, Chairman. "This
lighting fast speed is capable due to the advanced compression
technology and banks of servers XcelMobility has located in the
markets it serves. This huge investment in software and
strategically located networks provides the fastest access to the
web for any device using a cellular carrier to connect to the
Internet. Mach 5 enables users to load applications, videos and web
pages faster than ever. Its speed also enables users to utilize
other sophisticated XcelMobility applications as well as complex
applications from other software companies that traditionally bog
down and kill ordinary mobile browsers."
XcelMobility will continue to focus on the introduction of their
products to the Asian market due to the size of the market, and the
tremendous use of the Asian market in accessing the Internet and
social media through mobile devices. The company will also continue
to pursue new business opportunities in North America, Europe, China, Japan
and South Korea.
XcelMobility is currently deriving revenue from subscriptions to
purchase its products and plans to increase its revenues by
expanding its marketing efforts and to broaden its product offering
to include software sales to cell phone manufacturers and provide
application sales and enhanced products directly to consumers.
XcelMobility currently has approximately 1,030,000 free and paying
customers.
Please visit the company's website for more information:
www.xcelmobility.com
Ron Strauss, Chairman,
XcelMobility Inc.
Contact:
Investors Relation
E-mail: info@xcelmobility.com
Telephone: 1-888-637-8882
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 has developed several innovative
products, which significantly enhance the performance of
smartphones, tablets and netbooks, that connect to the Internet
using cellular carriers. Due to the vast size of the mobile
market in Asia and this market's
propensity co connect to the Internet using mobile devices,
XcelMobility is currently focusing its commercialization efforts in
Asia. 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.
SOURCE XcelMobility Inc.