Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Announces Letter of Intent to Acquire SecurAct, Inc. to Add Identity Management Software to Growing Portfolio of Smartphone and Mobile Computing Solutions
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 23, 2009) - NuMobile, Inc. (OTCBB : NUBL ) has announced the
signing of a letter of intent to acquire SecurAct, Inc., located in
Sunnyvale, CA. SecurAct offers an Identity Management system that allows
corporations or service providers deploying or utilizing SaaS or Cloud
Computing to prove users are who they claim to be, manage where users can
go on the network and when, and control what users can do with protected
resources. The system further provides the convenience of Single Sign On
for customers, partners and workforce and syncs user accounts between a
company's trusted network and that company's systems in the cloud.
This contemplated acquisition would be NuMobile's third this year. NuMobile
is building a portfolio of security and software solutions for the global
mobile computing and smartphone market and has already announced two
acquisitions in its aggressive roll-up strategy to build a portfolio of
mobile software solutions. The two acquisitions both involve proprietary
technology focused on mobile network security, and 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.
NuMobile is scheduled to release a Webcast next Tuesday, October 27th, to
review SecurAct. A link to the Webcast is scheduled to be published on the
corporate website www.numobileinc.com upon release.
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.