Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. and Enhance Network Communication, Inc. to Host Joint Presentation on Post-Acquisition Growth Plans and $20 Million Anticipated Contract
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - September 22, 2009) - NuMobile, Inc. (OTCBB : NUBL ) closed the
acquisition of Enhance Network Communication, Inc. last week. Senior
management from both companies have scheduled a joint presentation for
release Friday, September 25th to discuss Enhance's network technology and
sales plans for the balance of 2009. Enhance anticipates a $20 million
contract as early as year-end. NuMobile CEO James Tilton is scheduled to
present with Enhance CTO Paykar Chamani.
"Enhance has made impressive progress developing a commercial product and
generating initial sales and revenue with a major contract opportunity
already in beta testing," stated CEO Tilton. "NuMobile can provide the
corporate structure necessary to move the product development to the next
level."
"NuMobile's strategy to create a portfolio of products for smartphone and
mobile computing security and software is a great fit for Enhance,"
commented Enhance CTO Chamani. "NuMobile founders and management understand
the technology development process and have a pipeline of complementary
technologies coming together. Their public corporate structure will also
provide the transparency Enhance customers expect and the infrastructure to
support ongoing development."
Enhance Network Communication is headquartered in Cupertino, California and
currently reports approximately $1.2 million in profitable annual revenue.
Enhance has developed a proprietary large enterprise network security
technology designed for managing the unique information management
requirements of network delivered government services. School districts
make up the majority of Enhance's current customer base. Early product
testing is currently underway with a new prospective client. In conjunction
with the current product testing, a contract that would result in
approximately $20 million in revenue with $8 million in gross margin is
anticipated as early as year-end.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email alerts,
please visit the corporate website at www.numobileinc.com.
About Stonewall Networks, Inc. (www.stonewallnetworks.com)
Stonewall Networks, Inc. is an IT security product company founded in 2005.
The Company's main product, Cornerstone Security Management Platform,
provides a total security management vision for enterprises. The Stonewall
Networks team is built from IT security and network management experts
recognized for their work on management software for many of the world's
largest hardware vendors.
About Enhance Network Communication, Inc. (www.enetcom.net)
Enhance is headquartered in Cupertino, California and currently reports
approximately $1.2 million in profitable annual revenue. Enhance has
developed a proprietary large enterprise network security technology
designed for managing the unique information management requirements of
network delivered government services. School districts make up the
majority of Enhance's current customer base. Early product testing is
currently underway with a new prospective client.
About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the
global mobile computing and smartphone market. Through a roll-up strategy,
NuMobile plans to acquire and develop mobile computing solutions for a
variety of applications, including mobile banking, for the global
marketplace. The demand for mobile security and software applications is
being driven in large part by the growing number of mobile phone sales into
emerging economies that currently do not have substantial access to the
Internet via desktop computing. Already in North America, the Company has
also forged a partnership in the Chinese market and is developing a plan
for the emerging economies of East Africa. NuMobile is a SEC
fully-reporting public company listed on the Over-the-Counter Bulletin
Board.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This press release contains
forward-looking statements that involve risks and uncertainties. The
statements in this release are
forward-looking statements that are made pursuant to safe harbor provision
of the Private Securities Litigation Reform Act of 1995. Actual results,
events and performance could vary materially from those contemplated by
these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may cause NuMobile's actual results in
future periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, product demand and market competition. You should
independently investigate and fully understand all risks before making
investment decisions.