FULL DESCRIPTION
XcelMobility Inc. (Xcel), incorporated on December 27, 2007, is engaged in lottery business, which aggregates and processes lottery purchase orders, deriving revenue from service fees paid by local sports lottery administration centers for the purchase orders of sports lottery products directed to such centers. The Company offers an integrated suite of online lottery services in China. It has developed an integrated fulfillment platform that enables it to service and support multi-provincial contracts for the fulfillment of welfare and sports lottery tickets through a single interface. Its mobile platform enables it to deliver white-label mobile application solutions to interested companies seeking to leverage their client bases. The mobile platform allows users to connect through its mobile cloud network throughout China. The network is connected to its application and processing servers to fulfill lottery orders.
The Company's services include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase and Recurring Purchase. The Company provides online purchase services for both sports lottery products and welfare lottery products. Users place purchase orders for lottery products through its Websites. Lottery pools enable individual users to purchase a share in a pooled lottery outcome or group of outcomes with other users. Lottery pool purchase is a service developed by the Company in China. Through its lottery pool service, an initiator starts a lottery pool by specifying a range of parameters, such as the lottery portfolio, total purchase amount and payout scheme. The Company provides Automatic tag-along purchase as another service. Through this service, a user can choose to automatically and periodically join a lottery pool initiated by another user. A user can customize the automatic tag-along feature by specifying the pools he wishes to automatically join, the commitment to be put down for each automatic pool and other specifications.
Users may use the feature to be notified of the pooling activities initiated by certain users without automatically tagging-along. Users may select its recurring purchase service to repeatedly purchase a particular number or a combination of numbers. The user sets the combination once, and specifies the type and number of rounds or dates of lotteries he wants to purchase with the selected combination. It processes the purchase orders automatically. Users may cancel a recurring purchase prior to the date of any particular lottery. It also offers a filtering tool that helps users set certain parameters in choosing the combination of numbers.
Source: Reuters.com
