Xcelmobility (OTC BB:XCLL)

REDWOOD CITY, CA--(Marketwire - Jan 30, 2012) - XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company"), a developer of high speed web browsing solutions and related performance enhancing products for mobile devices, is pleased to announce a contract to install Xcel's flagship Mach 5 Xcelerator on an initial product run of 1,000,000 USB mobility devices in a licensing agreement with telecommunications giant ZTE (www.zte.com.cn/en).

ZTE manufactures the devices for China Unicom, the third largest mobile provider in the world. Should the initial trials prove successful as anticipated, ZTE has advised Xcel that it is projected that in future up to 30 million units per year could be installed with the Mach 5 Xcelerator.

ZTE Corporation is a leading global provider of telecommunications equipment and network solutions. Founded in 1985, it is China's largest publicly listed telecom equipment company. ZTE has the industry's most comprehensive product range of end-to-end solutions covering virtually every telecommunications sector including wireless, access & bearer, VAS, terminals and professional services. The company's expertise in these areas allows it to satisfy the demands of global operators and assist them in their pursuit of innovation. ZTE delivers its high-quality, cost-effective products and services to over 500 operators in more than 140 countries around the globe.

Xcel CEO Ryan Ge comments, "This is an extraordinary opportunity to really fast-track the introduction of our products to an ever wider audience through the auspices of an exceptional global partner like ZTE. The culture at ZTE is based on innovation that responds to market drivers and this represents a tremendous opportunity for us to work with a partner with a similar outlook regarding the future of mobility. We anticipate very competitive consumer pricing and the public can expect product availability shortly."

Company Snapshot:

Developing mobile applications directly for the mobile devices that utilize cellular networks to connect to the Internet and hardware/software products to increase the speed of Virtual Private Networks.

Post Merger Share Calculation:

• 77,700,000: Pre reverse merger outstanding shares  
• 48,000,000: Shares cancelled as part of the Share Exchange
• 30,300,000: Newly issued shares of Common Stock

GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions:  60,000,000

Financial Snapshot: December Year End

No meaningful revenues (development stage)