NuMobile, Inc. to Review Anticipated 3rd Acquisition in Exclusive On-Demand Webcast Tuesday, October 27th
CARY, NC--(Marketwire - October 22, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced that
the Company has scheduled a Webcast for Tuesday, October 27th, to review an
anticipated third acquisition. The acquisition is anticipated to diversify
NuMobile's existing portfolio of software applications and is anticipated
to be complete before year-end. NuMobile is a smartphone and mobile
computing software company growing through a roll-up strategy to build a
portfolio of mobile software solutions. A link to the Webcast is scheduled
to be published on the corporate website www.numobileinc.com upon release.
Recent Acquisitions in NuMobile Roll-up Strategy and Increased Sales
Channels
In its strategy to build a portfolio of mobile software solution, NuMobile
has recently announced the acquisitions of Stonewall Networks, Inc. and
Enhance Network Communication, Inc., software companies with proprietary
technology focused on mobile network security. As a result of recent
acquisitions, the Company has also announced that it anticipates signing
its first substantial contract before the end of 2009 for an estimated $20
million and $8 million gross margin.
To grow the Company's sales channels, NuMobile began participating in the
Greenfield Partnership program earlier this year. The Greenfield program is
focused on accelerating 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. Through the Greenfield
program, NuMobile solutions have been added to a channel marketing
partnership with a client list that includes Wal-Mart Brazil, DHL, Embraer,
Avon, L-Oreal, Hitachi, Motorola and Visa International. The Greenfield
program enables new technologies to be introduced in China, Southeast Asia,
North and South America and Africa and NuMobile has recently announced
marketing initiatives in China, South America and Africa.
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