Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. to Enter Identity Management Market Projected to Grow to Over $12 Billion by 2014 With Planned Acquisition of Silicon Valley Headquartered SecurAct, Inc.
Tuesday, October 27th Webcast Scheduled to Review Acquisition Opportunity
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 23, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today announced the
signing of a letter of intent (LOI) to acquire SecurAct, Inc., located in
Sunnyvale, CA. NuMobile is building a portfolio of security and software
solutions for the global mobile computing and smartphone market. This
contemplated acquisition would be NuMobile's third this year, representing
further expansion of the Company's strategy to assemble a portfolio of
companies to provide software solutions for the growing market created by
the accelerating acceptance of Cloud Computing, Software as a Service
(SaaS), and the growth forecast by Cisco Systems for mobile data. Cisco
Systems has forecasted that mobile data will increase 66 fold between 2008
and 2013.
SecurAct offers an Identity Management system that allows corporations or
service providers deploying or utilizing SaaS or Cloud Computing to prove
users are who they claim to be, manage where users can go on the network
and when, and control what users can do with protected resources. The
system further provides the convenience of Single Sign On for customers,
partners and workforce and syncs user accounts between a company's trusted
network and that company's systems in the cloud.
Identity management adds the critical security functions of authentication,
access control and authorization to resources and processes, while logging
actions for compliance. Growth in identity management software and services
is forecasted to greatly increase from $2.6 billion in 2006 to more than
$12 billion in 2014, according to research from Forrester.
Webcast to Review SecurAct
NuMobile is scheduled to release a Webcast next Tuesday, October 27th, to
review SecurAct. NuMobile has already announced two acquisitions in its
aggressive roll-up strategy to build a portfolio of mobile software
solutions. The two acquisitions both involve proprietary technology
focused on mobile network security, and 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. A link to the Webcast is scheduled to be
published on the corporate website www.numobileinc.com upon release.
NuMobile Information and Email Newsletter
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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
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