SOURCE: NuMobile, Inc.

NuMobile, Inc.

February 16, 2010 09:30 ET

NuMobile, Inc. Announces $20 Million Letter of Intent With Comprehensive Purchase Order Anticipated in April

CARY, NC--(Marketwire - February 16, 2010) - NuMobile, Inc. (OTCBB: NUBL) today announced a letter of intent agreement for the Company to provide a turnkey proprietary technology solution including equipment, software and related services. In conjunction with the letter of intent, a purchase order for approximately $20 million is anticipated in April 2010. All revenue associated with the anticipated purchase order is expected to be recognized in 2010 and all income is expected to be received within 2010. The execution of the purchase order is subject to the successful completion and acceptance of a proof of concept to be delivered by the end of this month. The client's identity and the nature of the technology solution is confidential at the client's request. Further specifics regarding the terms of the non-binding letter of intent are also confidential at the client's request.

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About NuMobile, Inc. (

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.


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.

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