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Xcellink International Inc. : Xcellink International Inc. Initiates Trading Under the Symbol OTCBB XCEL in Mobile Payments Indu

^{Published on 2009-08-11 06:36:44, Last Modified on 2009-08-11 06:36:54 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - August 11, 2009) - Xcellink International Inc. (OTCBB: [ XCEL ]), a developer of a patented mobile payments & banking platform, is pleased to announce that it has begun trading and is quoted on the NASD (National Association of Security Dealers) Over-the-counter under the symbol XCEL.OB. The outgoing President and CEO, Mark Fingarson has returned to treasury for cancellation, 40,000,000 shares held by him in the capital of the Company.

The Company was established to develop and commercialize intellectual property that has been developed over the last decade relating to automated data interchange between customers (buyers) and merchants (sellers) over local, wired or wireless electronic links.

Xcellink holds the rights to a patented payment process with multiple applications ranging from retail transactions to road tolling, utilities billing and beyond. Xcellink has the capability to be used in every transaction, big or small, as a low cost alternative to cash, potentially replacing all credit, debit, charge and smart cards, integrating warehousing, delivery, taxation and consumer protection.

Building from existing technologies such as mobile phones and wireless digital networks, and exploiting the techniques associated with secure messaging systems, 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.

It is generally accepted by researchers involved in analyzing the developments in mobile communications markets that advances in technology will drive a massive increase in mobile transaction values. According to a study by Informa Telecoms & Media, almost 300 billion transactions will be conducted in 2013 totaling US$860 billion, driven mainly by demand in emerging markets in Africa and Asia -- a 12-fold increase on what is seen today.

"The prospects for growth and the emergence of new opportunities in mobile financial services are encouraging more players to enter the market," said John Darnbrough, associate at Informa and author of the Mobile Payments and Banking report.

Xcellink Director, Michael Malbourne, commented, "Xcellink holds patents for key elements of what is expected to become the primary global process for managing the provision of goods, services and payments in the consumer-driven world."

Xcellink International Inc. is a fully reporting Corporation and is filing documents to meet stringent reporting requirements set out by the Securities and Exchange Commission, including the public disclosure of financial statements.

About NASD

The National Association of Securities Dealers, Inc. (NASD), currently known as Financial Industry Regulatory Authority (FINRA), is an industry organization representing persons and companies involved in the securities industry in the United States. FINRA is responsible for regulatory oversight of all securities firms that do business with the public; professional training, testing and licensing of registered persons; arbitration and mediation; market regulation by contract for The NASDAQ Stock Market, Inc., the American Stock Exchange LLC, and the International Securities Exchange, LLC; and industry utilities, such as Trade Reporting Facilities and other over-the-counter operations.

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.