SOURCE: NuMobile, Inc.

NuMobile, Inc.

February 17, 2010 09:00 ET

NuMobile, Inc. Mobile Computing and Smartphone Solution Project Updates to Be Reviewed in Greenfield Partner Program Webcast Tuesday, February 23

CARY, NC--(Marketwire - February 17, 2010) -  NuMobile, Inc. (OTCBB: NUBL) today announced that the Company's mobile computing and smartphone solutions and recently announced project updates are scheduled to be featured in a Greenfield Partner Webcast next Tuesday, February 23, 2010. The Webcast is being hosted by the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program and a link to the Webcast will be published upon release next Tuesday. 

Yesterday, NuMobile 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. 

A Webcast reviewing the letter of intent and NuMobile's recent selection to provide key technology in a $160 million original design manufacturing (ODM) project opportunity in China was also released yesterday. A link to the on-demand Webcast is available on the NuMobile corporate website www.numobileinc.com and is titled 'Greenfield $160 M Project & $20 M Contract Update Webcast.'

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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.

Contact Information

  • Contact:

    NuMobile, Inc.
    Investor Relations
    214-556-5927