Penny Stock in News: XcelMobility Inc. (XCLL)
Shares of XcelMobility Inc. (OTC: XCLL), a U.S.-based company engaged in the research, development and commercialization of technologies for mobile internet users, are down sharply in today’s trading.
At last check, the penny stock of XcelMobility was trading 7.37% lower at $0.880, with volume up from daily average of 409,578 to 625,638.
Earlier this week, XcelMobility announced a contract to install its flagship Mach 5 Xcelrator on an initial product run of 1,000,000 USB mobility devices in a licensing agreement with telecommunications giant ZTE.
ZTE, which is engaged in the manufacturing of devices for China Unicom, is the world’s third largest mobile provider. XcelMobility said that if the trials prove successful, ZTE is expected to install up to 30 million units per year.
Ryan Ge, CEO of XcelMobility, said that this is an extraordinary opportunity to really fast-track the introduction of the company’s products to an ever wider audience through the auspices of an exceptional global partner like ZTE.
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