NuMobile, Inc. Contemplated 4th Acquisition Anticipated to Expand Proprietary Technology Portfolio and Increase $20 Million Sales Pipeline
CARY, NC--(Marketwire - October 29, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced an
anticipated fourth acquisition in its aggressive roll-up strategy to build
a portfolio of mobile software solutions. NuMobile has already announced
two acquisitions and a letter of intent for a third acquisition. The two
acquisitions involve proprietary technology focused on mobile network
security and the potential third acquisition offers identity management
solutions for SaaS and Cloud computing. A Webcast is currently available
providing more information on the contemplated third acquisition at
www.numobileinc.com titled 'NuMobile - SecurAct LOI Webcast.'
NuMobile plans to further diversify its existing portfolio of software
applications with its fourth potential acquisition and expects the fourth
acquisition to further increase the Company's sales pipeline. NuMobile is
expected to release additional information on the potential fourth
acquisition soon.
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. The recently
announced potential third acquisition is anticipated to increase NuMobile's
existing $20 million sales pipeline by an additional $5 million.
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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 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