Xcelmobility, Inc. Enters into Strategic Partnership with China Mobile Limited
Apr 21, 2015, 08:35 ET
PALO ALTO, Calif., April 21, 2015 /PRNewswire/ -- Xcelmobility, Inc. (OTCQB: XCLL,OTCBB: XCLL), a leading online lottery service provider, today announced that it has signed a strategic partnership agreement with China Mobile Group Fujian Company Limited, a subsidiary of China Mobile Limited ("China Mobile"), to expand the reach and ease with which payments can be made for the Company's mobile lottery products. The agreement will provide easy and convenient payment services for lottery players regardless of the user's device, through China Mobile's vast subscriber network.
Photo - http://photos.prnewswire.com/prnh/20150420/199742
According to the terms of the agreement, The Company will work in close cooperation with China Mobile Group Fujian Company Limited to both expand the mobile lottery user base and provide for the most convenient and easy to use transaction system. China Mobile subscribers will be able to quickly and easy purchase lottery products as well as receive lottery winning through their China Mobile accounts.
Founder and Executive Chairman of Xcelmobility, Inc. commented, "We are extremely excited to have reached such a mutually beneficial agreement with China Mobile. China Mobile is well respected by online lottery players and offers the most secure, trusted and widely used payment services. With China Mobile as a partner we are excited about our future online lottery success. Having a trusted partner like China Mobile for payment services allows us to expand our leading online lottery platform, innovative purchase tools and technology, and superior mobile services."
About China Mobile Limited
China Mobile Limited is the leading mobile services provider in Mainland China, the Group boasts the world's largest mobile network and the world's largest mobile customer base. China Mobile Group Fujian Company Limited ("Fujian Mobile") is a subsidiary of China Mobile Limited. Today China Mobile has over 815,000,000 customers.
About XcelMobility, Inc.
XcelMobility is a leading online lottery service provider in China. The company aggregates and processes lottery purchase orders from registered user accounts and derive revenues from service fees paid by provincial sports lottery administration centers for the purchase orders of welfare and sports lottery products. We focus on China's burgeoning mobile market of well over 1 Billion Users.
For more information visit:
www.xcelmobility.com
www.facebook.com/pages/Xcelmobility-Inc/275827129230531
https://twitter.com/xcelmobility
Company Contact:
Investor Relations
Contact phone: (858) 886-7237
[email protected]
Company Address
Phone Number- (650) 320-1728
Contact: Ronald Strauss
2225 East Bayshore Rd.
Suite 200
Palo Alto, CA 94303
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. Such forward-looking statements include, among other things, the development of new business opportunities, zero operational impact and projected costs, future operations, revenue, profits, gross margins and results of operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. 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.
SOURCE Xcelmobility, Inc.