When I said in my last email that it could stair step rally, that means it already made a steep move up and then traded sideways and could make another steep move up like a stair step pattern. You look at the chart and be the judge.
Make sure XCEL is on your watch list!
XCEL is doing is something that could revolutionize the check out counter at stores!
What if you never had to pay with cash or a credit card again? All you would need is your cellphone to make a purchase!
XCEL enables the merchant to initiate and control a transaction without the need to provide any credit card details.
XCEL does this through their mobile electronic payment system.
Recently XCEL announced the details of the U.S. patent for this system.
This is U.S. patent #7024385 titled 'Automated Electronic Funds Transfer System and Method' for XCEL's mobile electronic payment system.
Following a recent license transfer, XCEL has exclusive world-wide rights associated with this Patent!
This means that providers of payments services who wish to automate consumer-based management systems with the use of a local link (such as Bluetooth, Infrared, Wi-Fi, WiMax and NFC (Near Field Communication)) must now either license the XCEL method or find other means of achieving a comparable result.
More than 1 million iPhone 3GS smartphones sold in three days when the new model hit the stores!
XCEL knows that consumers love their phones and all the add ons that come with them.
I believe XCEL's service could be one of the best applications added to any cellphone.
This is because XCEL's system has the capability to be used in every transaction, big or small, as a low cost alternative to cash!
Doug Brown, head of mobile product development at Bank of America, said the idea is popular with consumers because it simplifies their lives.
"You don't need cash anymore. You don't need your wallet. That's really the endgame here, is that we can replace the physical wallet and all of the cash needs and the plastic that you're using today," he said.
XCEL aims to become a major player in the next generation of customer payment systems.
This market is expected to be worth billions to the organizations that control it!!
XCEL is dealing with a service that other countries have recognized for its convenience!
According to a 963-person survey by Forrester Research, 15 percent of Japanese mobile phone users make payments and purchase products in stores with their phones.
In Kenya, more than 6 million people are registered with M-Pesa, a service that lets people send text messages to make payments and transfer money from phone to phone.
So many people in this world have a cell phone and every day more and more people are subscribing.
According to the International Telecommunication Union, at the end of 2008, there were an estimated 4 billion mobile phone subscriptions worldwide!
XCEL Director, Michael Malbourne commented, "Xcellink holds patents for key elements of what is expected to become the primary global process for managing the provision of goods, services, and payments in the consumer-driven world."
XCEL could make cellphones the wallet of the future!
For more information on XCEL, visit their website at: http://www.xcellink.com
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