XcelMobility Inc (OTC:XCLL) has been moving down lately. Yesterday, the stock lost the next 3.90% of its price, while its 
traded volume jumped up. Though, the situation might look different today due to the latest news and promotions.
It was just yesterday when XcelMobility reported that its Japanese distribution partner, International Strategic Leaders, Inc., has commenced marketing and sales of the company’s Mach 5 Mobile Security and Xcelerator product in Japan.
Despite the positive statement that Xcel were “very pleased by the initial efforts ISL has undertaken to initiate distribution”, the company decided to additionally pump up its stock price. As usual, by promotions.
The campaign was held yesterday for a total compensation of $35,000. And whether the promotions will cut off the loss for XCLL should be seen shortly.
In any case, it’s not the first time when Xcel gets pumped up by stock alerts. On the contrary, it has been regularly promoted over the past months and the campaigns have influenced XCLL stock price positively.[BANNER]
XcelMobility is a US-based company focused on the research, development and commercialization of technologies for mobile Internet users. Unfortunately, the company’s financials don’t look positive at all.
As of September 30, 2011 liabilities of Xcel were much higher than its total assets, while the net loss kept increasing. Besides, the company’s accumulated deficit got significantly higher as compared to the previous period.
Management of XCLL claimed that the company has incurred significant continuing losses during the nine months ended September 30, 2011 and has relied on its registered capital to fund operations. However, the limited cash resources and accumulated deficit of Xcel raise substantial doubt about the company’s ability to continue as a going concern.
