LAS VEGAS, NV -- 11/10/09 --
Xcellink International Inc. (OTCBB: XCEL), a
developer of a patented mobile payments & banking platforms, is pleased to
announce that is has executed an agreement with 3i Infotech for the
development and integration of its patented software with Apple's iPhone
technology.
Work will be carried out by 3i Infotech's development team, and it is
expected that the new technology will be ready for testing in early January
2010. The board of Xcellink is extremely excited by this relationship due
in part to the 3i Infotech Group of Companies, which includes Regulus
Group, a subsidiary of the global information technology company 3i
Infotech, and one of North America's largest payment processors.
Regulus Group is one of the brightest stars in the payment processing
industry providing statement and bill presentment services to clients in
the financial services, health care, insurance, telecommunications, and
utilities industries. Regulus handles about 2 billion paper and electronic
transactions each year.
After the testing has been completed on the iPhone, the next step will be
software development and integration for Research in Motion's Blackberry
software and also for Nokia smart phones.
There are more than 40 million worldwide owners of the iPhone/iPod Touch
platform, over 25 million blackberry subscribers and Nokia, the world's
largest maker of smartphones, controlled 45 percent of the market in the
second quarter of 2009.
A company spokesman commented, "Xcellink is building out its relationships
with major providers of both software development and mobile technologies.
Our goal is to have the majority of smart phone technologies integrated
with our patented software, and roll out some of our products by year's
end."
About 3i Infotech
3i Infotech is a global Information Technology company, which provides
technology solutions to over 1,500 customers in more than 50 countries
across 5 continents, spanning a range of verticals -- Insurance, Financial
Services, and Governments. 3i Infotech was promoted by the NYSE-listed
ICICI Bank, India's largest private sector bank. The Company integrates its
products and services to create customized solutions to allow you to
undertake technology-based business transformation that allows
reorganization in line with today's dynamic digital business environment.
Please see http://www.3i-infotech.com
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.
Investor Relations Contact
Name: Barry Duane
Email: Email Contact
Toll-Free Phone: (866) 953-XCEL (9235)
