Dallas, Texas (November 8 , 2011) – StockGuru Shines its Spotlight on XcelMobility Inc. (OTCBB: XCLL). The Company is a developer of high speed web browsing solutions and related performance enhancing products for mobile devices. It announced yesterday the appointment of Ms. Joyce Pan (Pan Chunhong) as CFO of technology subsidiary, CC Power. The Company closed on November 7, 2011, at $0.97, trading in a fifty-two week range of $0.98 – 0.90.
Ms. Pan brings over 15 years of experience in corporate finance and accounting for publicly listed companies on both the Hong Kong and Singapore exchanges. She is well versed in financial management especially in the area of capital financing. She has worked closely with major banks and other lending institutions as well as International finance groups in order to manage a wide variety of investments. She has been instrumental in administering market offerings and related financings and provides extensive skills in the area of taxation planning and Government funding opportunities.
Prior to joining the Company, she was CFO and Director of Shenzhen KXD Multi-media Co., listed on the Singapore Exchange, and previously as Financial Manager for Yulong Computer Telecommunication Scientific Co., Ltd, a company listed on the Hong Kong Exchange. She earned her Master of Arts, International Accounting (MAIA) at the City University of Hong Kong (2005), and her Bachelor of Finance Management at Jia Ying University of Mei Zhou Guangdong (1990).
XcelMobility Inc. (formerly CC Power) is engaged in the research, development and commercialization of applications for mobile devices that access the Internet utilizing mobile phone networks. XcelMobility’s flagship product is the Mach 5 accelerator enabling subscribers to access and utilize the Internet significantly faster than ever before. XcelMobility produces a suite of products for mobile phones that leverage the performance of the Mach 5 product as well as products that increase the speed of Virtual Private Networks.
Ryan Ge, CEO of XcelMobility, comments, “We are extremely pleased by Ms. Pan’s appointment. CC Power is an important subsidiary which provides some of our key technology and her expertise is welcome at this important juncture in the growth of our organization. Along with the rapid adoption of our technology comes the need for infrastructural growth and oversight. We aim to ensure our financial management is fundamentally sound so that we can build upon our successes and react immediately and fluidly to the needs of our exciting and ever changing market place. Her appointment clearly helps fulfil this mandate and we warmly welcome her to our growing team.”
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
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