As of September 30, 2009, XCEL has $592 of cash available. XCEL has current liabilities of $60,164. From the start date of July 15, 2005 to September 30, 2009 the Company has recorded a net loss of $77,672, which were expenses relating to the initial development of the Company, filing its Registration Statement on Form SB-2 (deemed effective July 9, 2007), and expenses relating to maintaining reporting company status with the Securities and Exchange Commission. XCEL will require additional capital investments or borrowed funds to meet cash flow projections and carry forward our business objectives. There is no guarantee or promise that ample capital can be raised from outside sources to fund the anticipated business direction.
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About Xcellink
Xcellink International Inc. is a developer of advanced platform-independent customer-centric payment systems and methodologies. Xcellink's patented system has the technical ability to replace all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services in a customer-centric manner that is more efficient, economical, and secure than systems operating today. Xcellink's unique process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime, and at a fraction of the cost of current transactions.
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