NuMobile, Inc. Announces $0.25 PPS Suggested Fair Value Target Price per Share Update and Reiteration in On-Demand Webcast Presentation
CARY, NC--(Marketwire - October 5, 2009) - NuMobile, Inc.'s (OTCBB: NUBL) business strategy
to build a portfolio of security and software solutions for the global
mobile computing and smartphone market and suggested fair value target PPS
of $0.25 were recently featured in an online, on-demand Greenfield Program
presentation.
As part of NuMobile's aggressive roll-up to build its portfolio of
solutions, the Company recently announced the acquisition of Enhance
Network Communication, Inc. Enhance is headquartered in Cupertino,
California and 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 and the Company
anticipates signing a sales contract through Enhance worth approximately
$20 million in the 4th quarter of 2009.
The Greenfield program has been developed to accelerate the introduction of
new technologies into emerging markets around the world where technology
buying is on the rise, while improving return on investment (ROI)
potential. NuMobile has been participating in the Greenfield program this
year with recently announced partnerships to enter the emerging markets of
China, East Africa and Latin America. A link to the presentation is
available on the Company's website www.numobileinc.com under Investor
Relations.
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