NuMobile, Inc. Discloses October Schedule to Include Meetings in Africa and China to Finalize Milestone Projects
Schedule Also Includes Smartphone Software Discussions in Shanghai
CARY, NC--(Marketwire - September 28, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced key
meetings in Nairobi, Kenya and Shanghai, China scheduled for the month of
October. NuMobile has planned meetings in Nairobi next week to prepare for
an anticipated upcoming WiMAX project launch and additional meetings
scheduled the last week of October. NuMobile is also scheduled to meet in
Shanghai with its local partner to prepare for an anticipated upcoming
smartphone software solution project launch. Both projects are anticipated
to close before year-end. Each project is expected to be a major milestone
for the Company, anticipated to elevate NuMobile's market recognition as a
smartphone and mobile computing solutions provider.
Enhance Network Communication, Inc. Acquisition and Anticipated $20 Million
Contract
NuMobile launched a roll-up strategy earlier this year to build a portfolio
of smartphone and mobile computing software solutions. The Company
recently acquired Enhance Network Communication, Inc. NuMobile has
released an on-demand Webcast to discuss Enhance's network technology and
sales plans through the 4th quarter of 2009. The Webcast also presents a
possible $20 million contract under development, and its potential to
double, that could be executed as early as year-end. Enhance has developed
a proprietary large enterprise network security technology designed for
managing the unique information management requirements of network
delivered government services.
Second Acquisition Pending and $0.25 Suggested Fair Value Target Price Per
Share
In conjunction with NuMobilie's aggressive roll-up plan, the Company has
recently announced finalizing details to acquire Stonewall Networks, Inc.
and an update on the previously suggested fair value target PPS of $0.25.
The expected acquisition of Stonewall will further expand NuMobile's
intellectual property library of smartphone and mobile computing software
solutions.
A link to the on-demand Webcast titled 'Roll-up Strategy and PPS Target
Update' is available on the Company's corporate website
www.numobileinc.com.
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 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.
Contact Information: Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com