Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Announces 3rd Acquisition in Smartphone and Mobile Computing Roll-Up Anticipated by Year-End
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 2, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today announced an
anticipated third acquisition by year-end which would further expand the
Company's portfolio of security and software solutions for the mobile
computing and smartphone marketplace. The Company recently announced the
acquisition of Enhance Network Communication, Inc. and a corresponding
potential $20 million contract. Enhance has developed a proprietary large
enterprise network security technology designed for managing the unique
information management requirements of network-delivered government
services. Additionally, NuMobile management has been finalizing details to
complete the pending acquisition of Stonewall Networks, Inc. Stonewall
Networks has developed a proprietary software solution for mobile network
security, including an innovative security policy management product for
enterprise customers. A Webcast with more detail regarding the Stonewall
acquisition will be available on the NuMobile website later today.
NuMobile's anticipated third acquisition involves a commercial software
application distributed across a mobile phone network. A letter of intent
is pending and anticipated shortly.
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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 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.