Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, September 1, 2009
Mon, August 31, 2009
Xcellink International Inc. : Xcellink Outlines Strategy for Monetization of Revolutionary Patents - Mobile Payments Industry I
LAS VEGAS, NV--(Marketwire - August 31, 2009) - Xcellink International Inc. (
Xcellink International holds patents for what it believes will become the primary global process for managing the provision of goods and services as well as payments in the information era.
These patents hold a new automated electronic management system for the provision of goods and services along with an integrated funds transfer process. The payment process described in Xcellink's patents can apply to almost any commercial transaction, giving Xcellink a multitude of potential revenue streams. The Company intends to generate revenues in the following ways:
-- Device Licensing: Any mobile communication device that is Xcellink enabled and contains Intellectual Property described in Company patents will be subject to a licensing fee creating license revenues. -- Software Licensing: Because of the vast range of potential uses for the Xcellink intellectual property, the Company intends to allow carefully vetted third parties to develop software applications using Company methodologies. These third parties would be charged a software development licensing fee. -- Transaction Based Revenues: Where Xcellink becomes a provider of services supporting the concept of central community agents for consumers, the Company also expects to generate revenues through charging a percentage fee or flat fee per transaction executed. This may provide and alternate to the multibillion dollar credit card industry.
Advances in technology will drive a 12-fold increase in mobile transaction values to more than $800bn by 2013, according to research. According to a study by Informa Telecoms & Media, almost 300 billion transactions will have been conducted by 2013, driven mainly by demand in the financial services sector.
"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.
"This multi-channel strategy has been developed over several years to maximize shareholder value," commented a Company spokesman. "We believe that partnerships with carefully selected companies will greatly enhance our revenue potential and accelerate the global adoption of our technology."
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.
