FORT WORTH, TX--(Marketwire - May 26, 2011) - NuMobile, Inc. (PINKSHEETS: NUBL) (OTCQB: NUBL) today announced a key stakeholders meeting scheduled the week of June 6 in Shenzhen, China. The primary purpose of the meeting is to take next steps toward acquiring an original design manufacturing (ODM) company based in Shenzhen, with approximately $22 million in annual revenue. The Company recently announced entering into a letter of intent (LOI) to acquire the ODM operation which is currently a subsidiary operation of China Crescent Enterprises, Inc. (PINKSHEETS: CCTR). The acquisition is planned to be complete by the end of June. An on-demand Webcast titled "NuMobile Acquisition Plan Update Webcast" providing more information on the proposed transaction is posted to the Company's website, www.numobileinc.com. The anticipated structure of the acquisition is intended to position NuMobile to execute one to two more acquisitions during the next year in order to pursue a national exchange listing. In the course of the Shenzhen meetings, NuMobile plans to meet with an additional strategic acquisition opportunity.
About NuMobile, Inc. (www.numobileinc.com)
NuMobile (PINKSHEETS: NUBL) (OTCQB: NUBL) 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 trading on the OTC Markets Group, Inc.'s OTCQB market tier.
"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 or China Crescent'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.