OTTAWA, Ontario, May 19, 2008 (PRIME NEWSWIRE) -- WiseMobi, Inc. (Pink Sheets:WMBI) today announced the successful amalgamation with China Gold Resource, Inc. to become a public company with the new ticker symbol WMBI.
Raghu Kilambi, executive Chairman of WiseMobi said, "Partnering with Wisekey to launch our global initiative brings together two superior development teams aimed directly at the untapped market of mobile device security."
WiseMobi, along with their Swiss partner Wisekey SA (www.wisekey.com), will launch mobile applications for the consumer and enterprise market to ensure data safety on mobile devices globally. Wisekey is a global leader in Internet Security founded in 1999 and based in Geneva, Switzerland.
WiseMobi's SecureMobi service is the perfect solution to protect and backup your mobile device. Your entire address book, task list, and calendar are copied from your mobile device to our secure servers automatically and over the air! This data is available only to you and can be used to restore lost records or to populate a new device.
WiseMobi plans to launch its service by the end of 2008 globally in its effort to encrypt and backup a key market share of the mobile phones in service today.
As part of the amalgamation, WiseMobi will complete a one and one-half share stock dividend for each share of common stock issued and outstanding, and will have approximately 55,591,118 shares outstanding upon completion of the share dividend.
Forward-Looking Statements
This press release contains "forward-looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in WiseMobi, Inc.'s reports that will be on file with the U.S. Securities and Exchange Commission.