xcelmobility inc (XCLL) Key Developments
XcelMobility, Inc. Receives Lottery License in China
Oct 15 14
XcelMobility Inc. announced that it received a Sport Lottery License from the Fujian Administration of Sport and Gaming to provide sports lottery services using a mobile device. The new license will allow XCLL to quickly grow its lottery brand and revenues in the fast growing mobile lottery market in China.
XcelMobility, Inc. Files Certificate of Amendment to Articles of Incorporation
Jun 11 14
On June 11, 2014, XcelMobility Inc. filed a Certificate of Amendment to the company's Articles of Incorporation to increase the total number of authorized shares of common stock from 100,000,000 to 400,000,000 (the Certificate of Amendment). The board of directors of the company and shareholders took action by written consent for the purpose of approving the Certificate of Amendment.
XcelMobility Inc. Gets USD 650,000 Capital Raise to Expand Wearable Computing Platform
Jun 10 14
XcelMobility Inc. reported that it has received USD 650,000 in funding from Magna Capital Group Inc. The investment will serve to fuel the company's accelerated development of its cloud-connected wearable computing solutions and support its expansion into China and other targeted key markets that are rapidly adopting most advanced wearable computing technologies.
XcelMobility Inc. Announces Earnings Results for the Year Ended December 31, 2013; Provides Revenue Guidance for the Fiscal Year 2014
Apr 24 14
XcelMobility Inc. announced earnings results for the year ended December 31, 2013. For the year, revenue was $2,781,745, an increase of $2,504,339 or 902.8% from $277,406 for the year ended December 31, 2012. This increase in revenue was primarily due to the acquisition of Jifu Technology's security products group. The company reported a net loss of $504,848 for the year ended December 31, 2013 compared to net loss of $434,769 for the year ended December 31, 2012.
The company provided revenue guidance for the fiscal year 2014. The company is looking forward to continued growth in 2014 as it grow revenues in both its existing products and its newly launched Companion wearable computing platform.
XcelMobility, Inc. Launches Companion Solution
Jan 30 14
XcelMobility Inc. announced its Companion Solution, the first 'always on' cloud-connected smartwatch system with software applications specifically focused on monitoring loved ones and private/public security forces. The Companion Solution expands the market opportunity for Xcel's revolutionary smartwatch by incorporating a complete cloud-connected system enabling the smartwatch to always be connected to Xcel's national cloud computer network offering 24/7 services to the user. The innovative Companion application software targets two large and lucrative markets that Xcel has consistently been working to meet the needs of: Children and Elderly: The Companion Solution will offer real-time monitoring of children and the elderly by combining Xcel's national cloud network, innovative smartwatch and advanced location based technologies into the advanced two-way, real-time/all-the-time monitoring system. This solution offers peace of mind because one can always be alerted whenever a love one needs assistance simply by wearing the smartwatch; and Private and Public Security Force: The Companion Solution enables essential monitoring and communications for the extensive security workforce population, both private and public. It is a ‘Dick Tracey’ smartwatch application allowing for direct two-way communications with remote security forces anywhere and anytime. The CCwatch(TM), initially recognized for being China's first smartwatch with a Mandarin language voice command system, is the core technology of the Companion Solution. As an Android-based smartwatch, the CCwatch(TM) has all the features of a high-end Android smartphone, including 2G/3G data connectivity, a 1.3GHz dual core processor, 1.54" TFT display, Bluetooth, Wi-Fi, and NFC connectivity, Audio Speaker &Microphone, and a 5Mpixel camera. As an integral part of the Companion Solution, the CCWatch(TM) is standalone wearable computer allowing the user to stay connected at all times.