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

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 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.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
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