NuMobile, Inc. Smartphone and Mobile Computing Solutions Featured on Trade Mission to Kenya
CARY, NC--(Marketwire - October 26, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced the
start of the Trade Mission to Kenya with a focus on mobile technology
opportunities in Kenya and East Africa. NuMobile was recently in Nairobi,
Kenya to kickoff regional operations and to prepare for the Trade Mission
that will feature its smartphone and mobile computing solutions. Board
member and former Chairman of the Dallas Federal Reserve, Retired Major
General Hugh G. Robinson, will join the Trade Mission to Kenya.
NuMobile is joining China Crescent Enterprises, Inc. on the Trade Mission.
China Crescent is a technology service provider and systems integrator in
China that has targeted Kenya as its next foreign market expansion
opportunity. The Companies have partnered to sell and service NuMobile's
smartphone and mobile computing solutions in China and to jointly pursue
opportunities in Kenya and East Africa. As the region's technology needs
and mobility use increase, China Crescent and NuMobile plan to be well
positioned to offer both the technology infrastructure needed as well as
the latest smartphone and mobile computing technologies.
Eyes to Africa as Next Emerging Market for Technology and
Telecommunications Infrastructure Growth
The rising market in Africa for mobile phones and supporting applications
and infrastructure have been making headlines lately. In its printed
edition on October 5th, the New York Times featured an article on Africa
having "the fastest-growing mobile phone market worldwide" titled "In Rural
Africa, a Fertile Market for Mobile Phones"
(http://www.nytimes.com/2009/10/06/science/06uganda.html?_r=2&ref=world).
The September 24th edition of The Economist magazine also focused on Africa
in a special report on telecommunications in emerging markets. The special
report, titled "The Power of Mobile Money"
(http://www.economist.com/opinion/displaystory.cfm?story_id=14505519) is
featured on the front cover of the magazine and includes five articles.
African mobile voice and data communications are featured throughout the
special report. Of particular interest is an article titled "Up, up and
Huawei"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483904) about China's telecom leadership in Africa and "Beyond Voice"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483848) which explores the use of mobile applications in Africa.
In addition to the growing market for mobile phones in Africa, broadband
adoption on the continent is also expected to experience 28% growth
annually through 2013 as undersea cables come online. The expanded capacity
for broadband is expected to reduce costs by nearly 75%, making broadband
affordable to end-users. A recent report by Pyramid Research stated, "By
early 2011, we expect that more than half of all African markets will have
3G, while broadband coverage is increasing daily via both wireless and
wireline technologies."
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