SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 23, 2009 09:00 ET

NuMobile, Inc. to Enter Identity Management Market Projected to Grow to Over $12 Billion by 2014 With Planned Acquisition of Silicon Valley Headquartered SecurAct, Inc.

Tuesday, October 27th Webcast Scheduled to Review Acquisition Opportunity

CARY, NC--(Marketwire - October 23, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced the signing of a letter of intent (LOI) to acquire SecurAct, Inc., located in Sunnyvale, CA. NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. This contemplated acquisition would be NuMobile's third this year, representing further expansion of the Company's strategy to assemble a portfolio of companies to provide software solutions for the growing market created by the accelerating acceptance of Cloud Computing, Software as a Service (SaaS), and the growth forecast by Cisco Systems for mobile data. Cisco Systems has forecasted that mobile data will increase 66 fold between 2008 and 2013.

SecurAct offers an Identity Management system that allows corporations or service providers deploying or utilizing SaaS or Cloud Computing to prove users are who they claim to be, manage where users can go on the network and when, and control what users can do with protected resources. The system further provides the convenience of Single Sign On for customers, partners and workforce and syncs user accounts between a company's trusted network and that company's systems in the cloud.

Identity management adds the critical security functions of authentication, access control and authorization to resources and processes, while logging actions for compliance. Growth in identity management software and services is forecasted to greatly increase from $2.6 billion in 2006 to more than $12 billion in 2014, according to research from Forrester.

Webcast to Review SecurAct

NuMobile is scheduled to release a Webcast next Tuesday, October 27th, to review SecurAct. NuMobile has already announced two acquisitions in its aggressive roll-up strategy to build a portfolio of mobile software solutions. The two acquisitions both involve proprietary technology focused on mobile network security, and as a result of recent acquisitions, the Company has also announced that it anticipates signing its first substantial contract before the end of 2009 for an estimated $20 million and $8 million gross margin. A link to the Webcast is scheduled to be published on the corporate website www.numobileinc.com upon release.

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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.

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