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XcelMobility Introduces Executive Leadership

REDWOOD CITY, CA -- (Marketwire) -- 09/30/11 -- XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company"), a developer of high speed web browsing solutions and related products for mobile devices, is very pleased to introduce and welcome its executive leadership with the appointments of Mr. Ronald Edward Strauss to the position of Executive Chairman of the Board of Directors and Mr. Renyan Ge to the Board and as Chief Executive Officer.

Mr. Strauss is a serial entrepreneur with 20 years experience founding and leading computer hardware and software related technology start-ups. Mr. Strauss has been an active advisor and director for the mobile device application developer CC Power since 2008. In 1987, Mr. Strauss founded Focus Automation Systems Inc. which spun out both Mitra Imaging Inc., acquired by Agfa Gervaert, and Focus Systems, acquired by V Technology Corporation. In 2001, Mr. Strauss founded Avvida Systems a leading supplier of embedded computing technology to military, telecom, and transportation industries. Avvida was ultimately acquired by a division of GE Fanuc USA. Following the acquisition, Mr. Strauss worked for 3 years with GE Fanuc ultimately as a division VP and regional Integration Leader. Mr. Strauss is a Computer Systems Technologist and has completed software development, human resource, and financial accounting management training at the GE Jack Welsh Management Training Center and Harvard University. Most recently, Mr. Strauss completed Chinese Mandarin language and culture training at Sinoland College in Beijing, China. Today he speaks and understands Intermediate level Mandarin Chinese. He has sat on the board of directors for all three of the high tech companies he founded, the board of directors of the Automated Imaging Association in the USA, as well as at a division of GE Fanuc.

Mr. Ge brings over 25 years experience in engineering, RD, customer support and management. He is a founding member of CC Power since its inception in 2003. From 2007, Mr. Ge served as a director and chief executive officer of CC Power, positions he still holds. Previously, Mr. Ge worked as the business development director for General Electric (Fanuc) embedded systems in the Asia-Pacific region. In addition, he also worked in North America and Japan for a leading supplier to the semiconductor and FPD markets. Mr. Ge speaks Chinese, Japanese, and English and holds a master's degree in system design and a BSc in photogrammetry and remote sensing. Mr. Ge has recently completed financial accounting management training at Harvard University.

"We are extremely pleased to have established the basis for our senior leadership here at XcelMobility. Our team is extremely well versed in the sector and enjoys excellent industry relations that will prove instrumental in transforming our Company into a leader in the mobile technology industry," stated Ron Strauss, Chairman, XcelMobility Inc. "We are committed to rapidly recruiting some of the best talent available in order to round out the skill set of the board, and look forward to making additional key announcements in the near future. We have a great opportunity ahead of us which we are all very pleased to be part of."

As part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934, further details of the Company's business, finances, appointments and agreements are filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.xcelmobility.com.

About XcelMobility Inc. (OTCBB: XCLL)
XcelMobility is a US based company focused on the research, development and commercialization of technologies for mobile internet users. The Company develops innovative products which considerably enhance the internet performance of smartphones, tablets and netbooks when connected to cellular carriers. Due to the vast size of the mobile market in Asia and the inherent propensity to connect to the internet using mobile devices, XcelMobility believes that shareholder value is best served by focusing commercialization efforts in the Asian marketplace prior to a product roll out on a global scale. For more information visit: www.xcelmobility.com

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.

On Behalf of the Board,
Ron Strauss, Chairman,
XcelMobility Inc.

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Contact:
Investor Relations
E-mail: Email Contact
Telephone: 1-888-637-8882
www.xcelmobility.com 

 


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