Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927
NuMobile, Inc. Featured in Independent Analyst Report on NewMarket Technology, Inc. Rating NewMarket a 'Buy' With a $1.47 Target Price per Share Recommendation
NuMobile to Be Featured in Greenfield Partnership Program Webcast Tomorrow
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - February 22, 2010) - NuMobile, Inc. (OTCBB : NUBL ) today announced that
the Company's mobile computing and smartphone solutions have been featured
in an independent analyst report on NewMarket Technology, Inc. (PINKSHEETS : NWMT ) rating NewMarket a 'buy' with a $1.47 target price per share
recommendation. NuMobile is a member of the NewMarket Greenfield
Partnership Program. A review of the Greenfield Program, including
NuMobile, is included in the analyst report. Updates on NuMobile's
business development progress, to include recently signing a letter of
intent for a $20 million contract, will be reviewed in a Greenfield
Partnership Program Webcast scheduled for release tomorrow, Tuesday,
February 23rd, 2010.
NewMarket started the Greenfield Partnership Program to accelerate the
introduction of new technologies into emerging markets around the world
where technology buying is on the rise, while improving return on
investment (ROI) potential. Greenfield Program participant companies have
been chosen to participate in the partnership program based on their
technology and service offerings in conjunction with the emerging
geographic markets in which they operate.
The independent analyst covering NewMarket is a Certified Financial Analyst
(CFA) in accordance with the CFA Institute Code of Ethics and Standards for
Professional Conduct. The analyst has previously conducted research for a
number of Western European and North American financial institutions,
including Janney Montgomery Scott. NewMarket engaged the analyst and paid
for the services prior to any recommendation rating or price target to
ensure objective research.
A link to the Greenfield Partnership Program Webcast will be published upon
release tomorrow.
If you would like a copy of the report, please visit the Investor Relations
section of the NewMarket website at www.newmarkettechnology.com or email
ir@newmarkettechnology.com.
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.