Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927
NuMobile, Inc. to Review Special Purpose Wi-Fi Opportunity Through Chinese Strategic Partner in Webcast Tuesday, February 16th
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - February 11, 2010) - NuMobile, Inc. (OTCBB : NUBL ) today announced that
the Company has been selected by China Crescent Enterprises, Inc. (OTCBB : CCTR ) to provide a key proprietary software component in a special purpose
Wi-Fi solution. Yesterday, China Crescent announced receiving a $1.6
million original design manufacturing (ODM) purchase order from a
confidential Japanese customer for 100 sets of a special purpose Wi-Fi
communication device. Based on a formal letter of intent, the Japanese
customer has committed to purchase 10,000 of the custom Wi-Fi devices for a
total of $160 million dollars over the next three years, subject to the
performance of the first 100 sets. China Crescent is NuMobile's strategic
partner in China and the two companies have formed a partnership to sell,
service and market NuMobile's products in China, including its smartphone
and mobile computing solutions.
The two Companies have scheduled to release an on-demand Webcast to discuss
further details on the special purpose Wi-Fi opportunity next Tuesday,
February 16th. The on-demand Webcast will be posted to the NuMobile website
and an email with a link to the Webcast will be published and sent to the
NuMobile e-mail database upon release of the Webcast Tuesday.
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.