Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. to Review Pending Acquisition and Anticipated $5 Million Increase to Previous $20 Million Sales Pipeline, Justifying Potential PPS Increase From Recent $0.02 Close to $0.25
NuMobile, Inc. Signs Letter of Intent to Acquire SecurAct, Inc.
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 26, 2009) - NuMobile, Inc. (OTCBB : NUBL ) is scheduled to
release a Webcast tomorrow, October 27th, to review the pending acquisition
of SecurAct, Inc. This pending acquisition would be the Company's third
acquisition in 2009 after launching a new business plan earlier this year
to build a portfolio of smartphone and mobile computing software solutions
through a roll-up strategy. The Webcast agenda includes a review of the
potential sales pipeline increase from the current $20 million to
approximately $25 million with the anticipated addition of SecurAct's
identify management system to NuMobile's portfolio of solutions and a
review of the Company's potential share price increase from a recent close
of $0.02 toward a suggested fair value target of $0.25.
SecurAct, Inc. is 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.
NuMobile 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.
A link to the Webcast is scheduled to be published on the corporate website
www.numobileinc.com upon release.
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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.