Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, October 27, 2009 Xcellink Builds Prototype for Research In Motion's BlackBerry Wireless Software
LAS VEGAS, NV--(Marketwire - October 27, 2009) - Xcellink International Inc. (
Xcellink has completed the first prototype for the use of its patented technology, enabling payments via simple use of customer's current bank account or via ACH or Check 21 alternatives. RIM technology enables a broad array of third-party developers and manufacturers to enhance their products and services with wireless connectivity to data.
Research In Motion Limited is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, BlackBerry smartphones, software development tools, radio-modems and software/hardware licensing agreements. RIM operates offices in North America, Europe and Asia Pacific.
The value of remote mobile payment by smart phones is set to reach $389 million in 2009, rising rapidly to $8.6 billion by 2014, according to forecasts from Mercator Advisory Group. With 40 million mobile web users expected to rise 50% in 2009 and almost 75% of mobile subscribers accessing data services (principally SMS) this channel is getting wider and richer faster than anticipated, says Mercator.
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.
