PALO ALTO, Calif., July 9, 2015 /PRNewswire/ -- Xcelmobility, Inc. (OTCBB: XCLL), a leading online lottery service provider in China, today announced the appointment of Wei Zhixiong as chief executive officer of the Company's China subsidiary, Shenzhen CCpower Corporation. Mr. Wei brings more than 15 years of relevant industry experience to his new role having previously built and sold one of China's leading mobile lottery companies.
"We welcome Mr. Wei's experience and leadership to the Xcelmobility family," said Ronald Strauss, Executive Chairman of Xcelmobilty. "Mr. Wei is eager to reproduce his past success at quickly growing a profitable and successful lottery company in China. He is a proven entrepreneur in China and he brings his vast network and relationships in the China lottery business to drive our immediate success and growth."
"I am here to reproduce the success I had building Silvercreek and become the leading mobile lottery player in China again," said Mr. Wei. "I am excited to be part of the new Xcelmobility, I will continue to build on our relationships with China Mobile and quickly expand on the recently announced Lottery Alliance Partnership program."
Mr. Wei has been working in the lottery business since 2001 when he founded Shenzhen Silvercreek Digital Technologies Inc. Mr. Wei built Silvercreek into one of the most competitive phone and mobile lottery service providers in the PRC. Mr. Wei is considered a pioneer in the mobile lottery market in the PRC having built up good relationships with various lottery-related departments and telecom operators. He has participated in the discussion and drafting of the related standards for national and provincial paperless lottery.
About Xcelmobility, Inc.
Xcelmobility aggregates and processes lottery purchase orders from registered user accounts and derive revenues from service fees paid by provincial lottery administration centers for the purchase orders of welfare and sports lottery products. We focus on China's burgeoning online lottery market of well over 300 Million Users.
Contact phone: (858) 886-7237
Ronald Strauss, Executive Chairman
2225 East Bayshore Rd.
Palo Alto, CA 94303
Phone Number- (650)320-1728
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE Xcelmobility Inc.