Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, November 17, 2009 Xcellink International Adds Top Technology Executive to Board of Advisors to Devise "To Market Strategy" for Chinese
LAS VEGAS, NV--(Marketwire - November 17, 2009) - Xcellink International Inc. (
Mr. Clayton is a successful Internet IT entrepreneur and investor excelling in continuous innovation in Internet applications and development. He is a graduate of Harvard University and has a degree in Computer Science. Mr. Clayton currently resides in Beijing where he heads a team of 50+ PhD and Master's level developers who have created and developed, under Mr. Clayton's direction, what is the leading video search technology in the world. This technology, protected by 9 patents and 18 pending patents, operates under the banner of Hong Kong based ClairNET LTD., and its Chinese subsidiary, Leexoo Corp, both of which Mr. Clayton is Managing Director and Chief Executive.
Through strategic relationships and business joint ventures, ClairNET holds one of few exclusive Mobile Service Provider Licenses (MSP) with China Mobile, the World's largest mobile network of over 600 million subscribers enabling the distribution of content and applications over the China Mobile networks.
A Company spokesperson commented, "We are thrilled to have Mr. Clayton join our Advisory Board, and we look forward to his insight and experience in the areas of financial security, market penetration and mobile banking dominance in the Chinese market place. Xcellink is continuing to recruit top executives to its team, and is building a strong rapport within the mobile technology industry."
Mobile banking will take off over the next 5 years with Informa Telecoms & Media predicting that in 2013 almost 300 billion transactions worth more than $860 billion will be conducted using a mobile phone, which would represent a 12-fold increase in gross global transaction values in just five years.
Informa predicts that by 2013, over 445 million mobile subscribers will be regularly using their mobile phone to purchase physical goods and services remotely. In 2008 about a third of the total of $71 billion in mobile payments and transactions was for mobile digital content, but Informa notes that by 2013 over 95 percent of mobile transactions will be for physical goods and 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.
