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XcelMobility Inc (XCLL)

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Last Post: 1/19/2017 12:54:36 PM - Followers: 51 - Board type: Free - Posts Today: 0

A/S increased to 4.2B 5/18/2016  
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=XOYnRfwm0iR24fPE2HAPPQ%253d%253d&nt7=0

****** O/S 660,553,090 shares a/o May 13, 2016 At Par Value .001****
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11401890

Reasons for the Amendment 


The primary purpose of this amendment to increase the number of authorized shares of Common Stock is to make available for future issuance by us additional shares of Common Stock and to have a sufficient number of authorized and unissued shares of Common Stock to maintain flexibility in our corporate strategy and planning. We believe that it is in the best interests of our Company and its stockholders to have additional authorized but unissued shares available for issuance to meet business needs as they arise. The Board of Directors believes that the availability of additional shares will provide our Company with the flexibility to issue Common Stock for possible future financings, stock dividends or distributions, acquisitions, stock option plans, and other proper corporate purposes that may be identified in the future by the Board of Directors, without the possible expense and delay of a special stockholders’ meeting. The issuance of additional shares of Common Stock may have a dilutive effect on earnings per share and, for stockholders who do not purchase additional shares to maintain their pro rata interest in our Company, on such stockholders’ percentage voting power. 

The authorized shares of Common Stock in excess of those issued will be available for issuance at such times and for such corporate purposes as the Board of Directors may deem advisable, without further action by our stockholders, except as may be required by applicable law or by the rules of any stock exchange or national securities association trading system on which the securities may be listed or traded. Upon issuance, such shares will have the same rights as the outstanding shares of Common Stock. Holders of Common Stock have no preemptive rights. The availability of additional shares of Common Stock is particularly important in the event that the Board of Directors determines to undertake any actions on an expedited basis and thus to avoid the time, expense and delay of seeking stockholder approval in connection with any potential issuance of Common Stock of which we have none contemplated at this time other than as discussed herein. 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11389481 




We have no arrangements, agreements, understandings, or plans at the current time for the issuance or use of the additional shares of common stock proposed to be authorized. The Board of Directors does not intend to issue any common stock except on terms which the Board of Directors deems to be in the best interests of our company and its then existing stockholders.

Revenue recognition

 
Our source of revenues is from internet accelerator software, which includes new software license revenues and software plus hardware and maintenance arrangements, and the source of revenue of Jifu is from developing and distributing optical transmitters and receivers, electronic surveillance equipment, and other communications equipment; and trading of electronic products, network products, and communications equipment. We also engage in software research and development, GPS system development and website development projects along with maintenance arrangements.

   

We evaluate revenue recognition based on the criteria set forth in FASB ASC 985-605, Software: Revenue Recognition and Staff Accounting Bulletin (“SAB”) No. 101, Revenue Recognition in Financial Statements, as revised by SAB No. 104, Revenue Recognition.

 

 

Patents

The Company has three patents as listed in the table below relating to its internet accelerator software products. Fees related to registering these patents were insignificant and have been expensed as incurred.

Patent   Register Number   Issued By
Mach5 Internet Acceleration Software V.6.0   2007SR09253   National Copyright Administration of PRC
Mach5 Enterprise Acceleration Software V.3.3   2009SR058767   National Copyright Administration of PRC
Mach5 Web Browser Software   2010SR001089   National Copyright Administration of PRC

 


 

CEO Mr. Renyan Ge
Mr. Ge currently serves as the Chief Executive Officer of the Company and a member of the Board and has held those positions since 2011.
Effective December 31, 2015, the Board appointed Mr. Renyan Ge as Chairman of the Board.
 
Effective December 31, 2015, Mr. Strauss resigned as Executive Chairman and a member of the Board and from all positions at the Company’s subsidiaries,
http://ih.advfn.com/p.php?pid=nmona&article=69895031

CONTACT INQUIRY
  • Website: http://www.xcelmobility.com
    Phone: (650) 320-1728
    Email: [email protected]

 

 

 

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PostSubject
#1987   Yeap, this is churning away. money2013 01/19/17 12:54:36 PM
#1986   I fully believe this will be a game SPM555 01/10/17 05:33:08 PM
#1985   http://www.newschannel10.com/story/34090456/online-lottery-market-in-china-2016- BONGWHOLE 01/10/17 11:14:21 AM
#1984   Spread is getting tighter and some larger blocks SPM555 01/10/17 11:01:04 AM
#1983   jajjaja. I thought you would not spend energy money2013 01/09/17 09:14:14 PM
#1982   You must be pretty miserable to go out SPM555 01/09/17 09:04:34 PM
#1981   So kids, still kidding yourselves? What is it money2013 01/09/17 08:43:38 PM
#1980   Setting up beautifully under .002 resistance, break that SPM555 01/04/17 10:17:44 AM
#1979   So typical right after the holiday. Most traders Monroe1 01/03/17 11:52:01 PM
#1978   Nice volume today to start the year. money2013 01/03/17 06:21:08 PM
#1977   A little patience here for the new grasshoppers, NewBreedd 01/01/17 03:30:14 PM
#1976   I agree. As a refresher, XCLL had just Kelke41 12/26/16 07:27:22 PM
#1975   That news hopefully hits soon and should be SPM555 12/26/16 04:26:18 PM
#1974   The numbers keep growing and growing. XCLL revenue Kelke41 12/26/16 08:05:45 AM
#1973   You are correct about that. I don't comment money2013 12/22/16 07:54:29 PM
#1972   $$ XCLL $$$---Isn't this pretty much the way BONGWHOLE 12/22/16 04:27:43 PM
#1971   Read the company reports all are there Blue flag 12/22/16 03:03:01 PM
#1970   FUNDS???? If you skip your coffee break will be money2013 12/22/16 02:48:02 PM
#1969   China market is huge Need to weak hand shakes Blue flag 12/22/16 01:09:05 PM
#1968   http://marketingtochina.com/vast-scale-chinas-gambling-market/ BONGWHOLE 12/22/16 11:52:55 AM
#1967   I wish I have funds ready today I Blue flag 12/22/16 11:08:15 AM
#1966   That is the way how to play Let them Blue flag 12/22/16 10:14:35 AM
#1965   LOL! LOL! LOL! LOL!---RIDICULOUS!!---YOU'RE TOO FUNNY! BONGWHOLE 12/22/16 09:34:55 AM
#1964   How in God's green earth did you just SPM555 12/21/16 10:31:41 PM
#1963   LOL! Are you serious? I don't even know SPM555 12/21/16 10:29:55 PM
#1962   Blue Flag with all due respect this has money2013 12/21/16 09:50:20 PM
#1961   Crashed Looks ugly now Blue flag 12/21/16 03:30:50 PM
#1960   Lot of new faces showing up here. It Monroe1 12/19/16 11:57:50 PM
#1959   I think they call it the lottery, rather Monroe1 12/19/16 11:49:06 PM
#1958   What is the reason sir? Blue flag 12/19/16 03:30:09 PM
#1957   $$$ XCLL $$$----ASK is still at .0020, for BONGWHOLE 12/19/16 02:40:42 PM
#1956   STAND BACK!!!! Churning away. It is getting rid money2013 12/19/16 01:59:20 PM
#1955   Going huge https://news.worldcasinodirectory.com/landmark-legislation-in-japan-l Blue flag 12/14/16 04:24:46 PM
#1954   ALSO INDIA THEN GLOBAL seriousonly 12/14/16 02:07:50 PM
#1953   HELP NEED MODS ? seriousonly 12/14/16 02:06:25 PM
#1952   The Japan situation is all good overall. China Monroe1 12/14/16 12:38:13 PM
#1951   jajajajajajjajajajajaajjajajaja ajajaJAJAJAJAJAJAJAJ ajajajjajajajaj Thank yo money2013 12/13/16 08:07:48 PM
#1950   Crazy stacking ask Blue flag 12/13/16 02:00:38 PM
#1949   Online lottery is hot all over world now Xcll Blue flag 12/13/16 01:00:56 PM
#1948   Well they can move in Japan too including China Blue flag 12/13/16 12:36:37 PM
#1947   DO THINK IT WILL BE THIS WEEK seriousonly 12/13/16 12:24:40 PM
#1946   HOPE WE BECOME MILLIONAIRES seriousonly 12/13/16 12:22:31 PM
#1945   I CAN NOT REMEMBER seriousonly 12/13/16 12:21:29 PM
#1944   Volume will speak and chase will start here Blue flag 12/13/16 12:12:11 PM
#1943   How did you stumble upon this one? SPM555 12/13/16 12:07:21 PM
#1942   .0018 x .002 is the strongest we've seen SPM555 12/13/16 12:06:29 PM
#1941   I AM IN NOW THIS WILL BE HUGE seriousonly 12/13/16 12:02:52 PM
#1940   We will move higher soon when bid will Blue flag 12/13/16 12:00:52 PM
#1939   Chipping away at that wall.. love it! SPM555 12/13/16 10:39:54 AM
#1938   I hope so, we've heard that the lift SPM555 12/13/16 09:59:20 AM
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