Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927
NuMobile, Inc. Schedules Webcast to Release New Information on Anticipated $20 Million Contract and Further Detail on Role in Chinese ODM Project Valued at $160 Million
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - February 12, 2010) - NuMobile, Inc. (OTCBB : NUBL ) today announced a
Webcast scheduled for Tuesday, February 16th to release new information on
an anticipated $20 million contract. The anticipated contract is related
to the acquisition of a proprietary technology company executed last year.
The contract was in negotiations at the time of the acquisition and
consideration for the acquisition of the proprietary technology company was
structured to incentivize success with the anticipated $20 million
contract.
NuMobile has also recently announced being selected to provide key
technology in a $160 million original design manufacturing (ODM ) project
opportunity in China with China Crescent Enterprises, Inc. (OTCBB : CCTR ).
China Crescent has 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 Webcast agenda includes more details on NuMobile's expected role in the
project.
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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.