CARY, NC--(Marketwire - August 25, 2009) - NuMobile, Inc. (
OTCBB:
NUBL) today announced
entering into a letter of intent to acquire Enhance Network Communication,
Inc. 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 that could result in a
major contract by year end.
NuMobile has launched a strategy to build a portfolio of security and
software solutions for the mobile computing and smartphone market. In
conjunction with the new business strategy, NuMobile common stock was
reverse split to support a rollup of smartphone and mobile computing
software assets. The current issued and outstanding is approximately 20
million shares. NuMobile has recently announced entering into a three-year
contract to provide mobile Internet services to business travelers in
Southeast Asia. The contract is anticipated to generate $1 million over the
life of the contract. The Company has also notably announced a recent
contract with the National Guard
Letter to Shareholders from Board Member Hugh Robinson
Dear Fellow Shareholders-
NuMobile is gaining momentum. The restructuring of the Company required
more time than anticipated by management, but now that the restructuring is
complete, management is signing sales contracts and executing upon its
acquisition campaign. In light of the recent contracts with the National
Guard and in Southeast Asia, and in conjunction with the letter of intent
announced today, NuMobile anticipates raising its initial sales forecast
after the close of the third quarter.
I have been monitoring the development of Enhance Network Communication for
some time. The proprietary technology developed by Enhance provides key
functionality not currently available in the management of government
services delivered over the Internet. The current customer contracts
Enhance has managed to engage and the ongoing large project test validate
the potential of the technology developed by Enhance.
I anticipate a rapid closing process. The acquisition activities have been
ongoing for some time. NuMobile is through with its restructuring and set
to rapidly execute upon acquisition opportunities.
Best Regards,
Hugh Robinson
Board Member
Numobile, Inc.
Next Acquisition Webcast
NuMobile today released a Webcast to further discuss the Company's LOI to
acquire Enhance Network Communication.
A link to the Webcast is available on the corporate Website
(
www.numobileinc.com) under Investor Relations titled "NuMobile Next
Acquisition Webcast."
Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a
retired Major General with a distinguished career serving in the United
States Army. Among other prestigious posts, Mr. Robinson served as
President Lyndon Johnson's military aide de camp. In addition to his public
service experience, Mr. Robinson's career has included extensive executive
management experience with senior positions at Southland Corporation and
City Place Development Corporation. He is a graduate of the United States
Military Academy at West Point and earned a Masters Degree in Civil
Engineering from the Massachusetts Institute of Technology (MIT). In
addition to his role at NuMobile Interests, Mr. Robinson currently serves
on the board of Carmax, Inc., the LBJ Foundation and the Better Business
Bureau.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email updates,
please visit the corporate website at
www.numobileinc.com.
"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.
Contact Information: Contact:
NuMobile, Inc.
info@numobile.com
214-556-5927