XcelMobility Inc. (OTCBB: XCLL) announced today that company received a contract to install Xcel’s flagship Mach 5 Xcelerator on an initial product run of 1,000,000 USB mobility devices in a licensing agreement with telecommunications giant ZTE.
ZTE Corporation is a leading global provider of telecommunications equipment and network solutions and has the industry’s most comprehensive product range of end-to-end solutions covering virtually every telecommunications sector including wireless, access & bearer, VAS, terminals and professional services. The company’s expertise in these areas allows it to satisfy the demands of global operators and assist them in their pursuit of innovation.
Ryan Ge, Xcel CEO, commented:
[quote style=”1″]This is an extraordinary opportunity to really fast-track the introduction of our products to an ever wider audience through the auspices of an exceptional global partner like ZTE. The culture at ZTE is based on innovation that responds to market drivers and this represents a tremendous opportunity for us to work with a partner with a similar outlook regarding the future of mobility. We anticipate very competitive consumer pricing and the public can expect product availability shortly.[/quote]
303 Twin Dolphins Drive, Suite 600
Redwood City, CA 94065
XcelMobility Inc.’s marquee product is the Mach 5 Xcelerator, which provides users the fastest browsing experience available for your phone, tablet or mobile computer. The Mach 5 browser has been tested by some of the world’s largest cellular carriers (China Telecom, China Unicom, Softbank and KDDI) and they have all independently verified that Mach 5 provides 5 to 10 times faster access to the internet than standard web browsers.
Treaty Energy Corporation (TECO) reported today the drilling success on its first oil well, SAN JUAN #2, in Belize, Central America.
The SAN JUAN #2 wellis near Independence Village, Belize ,located adjacent to the Port of Big Creek in the Stann Creek District .
Final phase of drilling this well commenced on January 24, 2012 , after review and compliance with all government regulations, requirements and inspections by Belizean officials and permission granted.
The initial casing (8 5/8 inch) was set and cemented in place using upgraded cement that was requested (H Grade). Upon completion of the cementing process it was allowed to cure for more than 24 hours.
Once the cement was properly cured and inspected by government officials permission was then given to drill to depth on the well.
All information compiled by Treaty engineers, geologists and its own accomplished oil industry veterans ( Steve York , Bill Harden ) indicated that we would start to encounter shows of hydrocarbons around 1100 ft.
SAN JUAN #2 highlights:
- Total depth of the SAN JUAN #2 well will be 1300 ft.
- The drill pipe will be removed from the hole and the hole will be conditioned for completion.
- A “four-quadrant” camera shot will be made to provide the geologists a photo image of the pay zone in four 90-degree views.
- The 4 1/2 inch tubing will be set and cemented in place in the well bore.
- Wire Line Logs will be done to supplement the Mud Logging data.
- The casing will be perforated in the oil bearing zone.
- Standard completion procedures will be performed to bring the well on line.
- Treaty is in the process of acquiring its own wire line logging equipment. This equipment will be delivered to Belize on Treaty’s newly acquired tractor/trailer that Treaty purchased to expedite deliveries of time sensitive items that are required for the Belize drilling projects.
Andrew V. Reid , Chairman and Co-CEO of Treaty Energy Corporation , commented:
[quote style=”1″]Treaty’s initial analysis of the 200,000 acre ‘onshore’ Princess Concession includes 80 anomalies showing promise. Through early analysis we believe we have so far identified 3 possible oil bearing fields of various sizes. Treaty chose the current, Stann Creek Field, for our initial exploration wells because of its easy access by our drilling team, proximity to nearby port facilities, and it being well outside of any protected areas. Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 Barrels of recoverable oil in place in this first finding.[/quote]
Treaty Energy Corporation
201 St. Charles Ave., Suite 2558
New Orleans, LA 70170
Treaty Energy Corporation is a profit and growth-oriented energy company focused on utilizing strategies and techniques that maximize crude oil and natural gas recoveries in volume as well as investment dollars spent. Treaty’s acquisition and development plan is well defined and crucial to this process.