Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Closes 2nd Acquisition and Validates Potential $0.25 PPS Suggested Fair Value Target
| Source: Bright Side, LLC
CARY, NC--(Marketwire - October 9, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today announced
closing the acquisition of Stonewall Networks, Inc.
(www.stonewallnetworks.com). NuMobile is building a portfolio of security
and software solutions for the mobile computing and smartphone market.
Products from Stonewall Networks will provide a security backbone for the
Company's mobile solutions strategy. Stonewall Networks has developed a
proprietary software solution for mobile network security, including an
innovative security policy management product for enterprise customers.
The Company also 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 has announced an anticipated third acquisition
involving a commercial software application distributed across a mobile
phone network. A letter of intent is pending and anticipated shortly.
The acquisition today is one of a number of milestone events the Company
has previously discussed as milestone validations of the previously
announced $0.25 suggested fair value target price per share.
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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.