(NUBL) NuMobile CEO to Discuss $5 Million Acquisition Anticipated Next Week and Recent Presentation at Nairobi Serena Hotel Made Famous by President Obama Visit

FORT WORTH, TX--(Marketwire - November 4, 2010) -  NuMobile, Inc. (OTCBB: NUBL) presented last week at the Nairobi Serena Hotel in Kenya during the Greenfield Partnership Program Trade Mission to East Africa. Monday, November 8th, the Company has scheduled a Webcast presentation to discuss both the recent Trade Mission and preview of milestone events anticipated in the 4th quarter of 2010 to include pending acquisition activity.

NuMobile is in the final stages of completing the acquisition of a Kenya-based mobile wallet operation expected to add $5 million in annualized revenue initially and support NuMobile's plans to achieve $20 million in annual revenue in 2011. This potential acquisition would expand NuMobile's service offerings, targeting an industry that is expected to grow to $8 billion by 2012. According to McKinsey Quarterly, there are 1 billion people in emerging markets with a mobile phone but no access to banking, a number that is expected to nearly double by 2012. In 2012, there could be as many as 360 million mobile money users generating $5 billion annually in direct revenue and an additional $3 billion in indirect revenue. (Source: http://tinyurl.com/37z9vu3).

In addition to reviewing the recent Trade Mission and the anticipated mobile wallet acquisition, the Webcast is expected to include other updates on NuMobile's expansion efforts into the growing East African markets. For example, NuMobile has partnered with Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) on a wireless, real-time utilities metering initiative in East Africa. Savanna East Africa is a Greenfield partner company focused on the East African markets and that hosted the recent Trade Mission.

The presentation on Monday is also slated to include an update on the role NuMobile has in a Wi-Fi communication device project out of China. NuMobile has been selected by fellow Greenfield partner China Crescent Enterprises, Inc. (OTCBB: CCTR) to provide a key proprietary software component for a special purpose Wi-Fi communication device. The customer, an undisclosed Japanese firm, has already placed a $1.6 million purchase order for 100 sets of the device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets.

A link to the Webcast scheduled for Monday will be published to NuMobile's website and emailed to the NuMobile opt-in email database upon release.

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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.

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 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.

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