Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Heads Back to Kenya on Trade Mission Joined by Former Dallas Federal Reserve Chairman Hugh G. Robinson
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 21, 2009) - Earlier this month, NuMobile, Inc. (OTCBB : NUBL )
was in Nairobi, Kenya to kickoff regional operations and to prepare for the
Trade Mission slated to begin next week. Today, the Company has announced
that board member and former Chairman of the Dallas Federal Reserve,
Retired Major General Hugh G. Robinson, will join the Trade Mission to
Kenya. The Trade Mission will embark on October 26th and will focus on
technology opportunities in Kenya. NuMobile is joining China Crescent
Enterprises, Inc. on the Trade Mission. China Crescent is a technology
service provider and systems integrator in China that has targeted Kenya as
its next foreign market expansion opportunity. The Companies have
partnered to sell and service NuMobile's smartphone and mobile computing
solutions in China and to jointly pursue opportunities in Kenya and East
Africa.
Eyes to Africa as Next Emerging Market for Technology and
Telecommunications Infrastructure Growth
The rising market in Africa for mobile phones and supporting applications
and infrastructure have been making headlines lately. In its printed
edition on October 5th, the New York Times featured an article on Africa
having "the fastest-growing mobile phone market worldwide" titled "In Rural
Africa, a Fertile Market for Mobile Phones"
(http://www.nytimes.com/2009/10/06/science/06uganda.html?_r=2&ref=world).
The September 24th edition of The Economist magazine also focused on Africa
in a special report on telecommunications in emerging markets. The special
report, titled "The Power of Mobile Money"
(http://www.economist.com/opinion/displaystory.cfm?story_id=14505519) is
featured on the front cover of the magazine and includes five articles.
African mobile voice and data communications are featured throughout the
special report. Of particular interest is an article titled "Up, up and
Huawei"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483904
) about China's telecom leadership in Africa and "Beyond Voice"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483848) which explores the use of mobile applications in Africa.
In addition to the growing market for mobile phones in Africa, broadband
adoption on the continent is also expected to experience 28% growth
annually through 2013 as undersea cables come online. The expanded capacity
for broadband is expected to reduce costs by nearly 75%, making broadband
affordable to end-users. A recent report by Pyramid Research stated, "By
early 2011, we expect that more than half of all African markets will have
3G, while broadband coverage is increasing daily via both wireless and
wireline technologies."
Correspondingly, the need for technology infrastructure products and
services is expected to grow in the region. As the region's technology
needs and mobility use increase, China Crescent and NuMobile plan to be
well positioned to offer both the technology infrastructure needed as well
as the latest smartphone and mobile computing technologies.
NuMobile Strategic Update Webcast Available Online
NuMobile is a smartphone and mobile computing software company growing
through a roll-up strategy to build a portfolio of mobile software
solutions, and has recently announced the acquisitions of Stonewall
Networks, Inc. and Enhance Network Communication, Inc., software companies
with proprietary technology focused on mobile network security. As a result
of recent acquisitions, the Company has also announced that it anticipates
signing its first substantial contract before the end of 2009 for an
estimated $20 million and $8 million gross margin. NuMobile released a
Webcast yesterday that reviews the Company's two recent acquisitions and
the Company's price per share potential to a suggested fair value target of
$0.25 in light of recent business plan progress. The Webcast further
reviews a potential third acquisition. A link to the Webcast in available
on both the corporate website homepage and investor relations page at
www.numobileinc.com titled 'NuMobile Strategic Update Webcast.'
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 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 Latin America and 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.