CARY, NC--(Marketwire - October 8, 2009) - NuMobile, Inc. (
OTCBB:
NUBL) today released a
letter to shareholders from CEO Jim Tilton regarding the Stonewall
acquisition and the growing pipeline of additional acquisition
opportunities. In addition to discussing the Stonewall acquisition, the
letter also highlights a pending letter of intent for a third and possibly
a fourth acquisition opportunity. The CEO's letter is included in its
entirety below.
Dear Shareholders,
The NuMobile mobile software roll-up strategy is gaining momentum.
Preparing for and closing our first acquisition of Enhance Network
Communication was instrumental in validating the viability of the Company's
business plan. We are now enjoying that validation, and our acquisition
pipeline is expanding at an accelerated rate. We have already announced a
pending letter of intent for a third acquisition opportunity adding to
Enhance and Stonewall. I anticipate announcing an executed letter of
intent within days. I am now optimistic that a letter of intent for a
fourth opportunity will come to fruition in the fourth quarter and even the
closing of a fourth possible acquisition before the end of the year.
I am pleased to announce that we have finalized all agreements for the
Stonewall acquisition and expect to have all agreements executed promptly.
The acquisition process for Stonewall has been a long one. Stonewall was
our first acquisition opportunity and we have worked with the founders of
Stonewall throughout the year in joint business development initiatives
signing a number of sales contracts together. However, the founders of
Stonewall are not the only shareholders. We have taken the extra time to
ensure a number of Stonewall shareholders are comfortable with Stonewall's
new direction. We believe in the long-term it is better to take the time
up front rather than face issues later that might have been worked out at
the onset of the relationship. Stonewall's current ownership is
international and working through the concerns of different business
cultures has proved to be a time consuming process, but I believe a
worthwhile one. It has taken a long time, but we are almost there with
Stonewall. I look forward to finally announcing the acquisition of
Stonewall is closed.
In addition to our building acquisition momentum, we are also enjoying
growing sales momentum in conjunction with our Greenfield Partnership
Program participation. The Greenfield Program has helped to accelerate our
sales pipeline in developing economic regions all over the world to include
Asia, South America and Africa. I anticipate our strongest growth of
mobile software sales from emerging regions as we benefit from the
technology leap frog effect. In developed economic regions we usually have
to replace existing outdated solutions, where in developing economic
regions we can implement solutions where no such functionality previously
existed.
Thank you for your interest in NuMobile. I look forward to sharing further
updates through frequent press releases, Webcasts and public filings.
Best Regards
Jim Tilton
CEO
NuMobile, Inc.
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 Latin America and 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