Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927
NuMobile, Inc. Open for Business in China With $10 Million in Contracts Anticipated in 2010
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - January 21, 2010) - NuMobile, Inc. (OTCBB : NUBL ) earlier this week
announced kicking off its 2010 market development plan in China. NuMobile
is participating in strategic meetings in Shanghai this week to update and
pursue a business development initiative launched last year in China. The
Chinese market development meetings have been coordinated by the NewMarket
Technology, Inc. (PINKSHEETS : NWMT ) Greenfield Partnership Program and are
being hosted at the China Crescent Enterprises, Inc. (OTCBB : CCTR ) offices
in Shanghai. China Crescent is NuMobile's strategic Greenfield partner in
China and the two companies have formed a partnership to sell, service and
market NuMobile's smartphone and mobile computing solutions in China. In
conjunction with its Greenfield partnership with China Crescent, NuMobile
has established an office presence in China. Based on the sales pipeline
reviewed this week during the kick off meetings, management anticipates a
potential $10 million in contracts to be signed in China in 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.
Virtual Town Hall Tomorrow
As a NewMarket Technology, Inc. Greenfield Program participant, NuMobile is
scheduled to be featured in the NewMarket Virtual Town Hall scheduled for
release tomorrow, January 22, 2010. The Town Hall is scheduled to include
further information on the Greenfield Partner Program and its participants.
NuMobile is also scheduled to release its own 2009 Virtual Town Hall on
January 29, 2010. The Virtual Town Hall agenda includes a review of the
Company's 2009 results and preview of the Company's plans for the year
ahead, including the Company's 2010 $20 million revenue objective.
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 NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
where technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the growing
economies of China, Southeast Asia, Brazil and Northern Latin America. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as Dell,
HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized
reseller of operating systems and various software from companies such as
Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company
works with emerging technologies such as mobile computing, various security
and wireless broadband technologies. NewMarket's rapid growth since 2002
has placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest growing
technology company in the United States in 2006 and the number one fastest
growing technology company in North Texas for two years in a row.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent Enterprises, Inc. reported over $40 million in profitable
revenue in 2008. The Company is a technology leader in the rapidly
developing Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing services
delivered to customers globally. At the same time, the firm is a systems
integrator and value added reseller of major global hardware brands in the
Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China
Crescent bridges the gap between Western and Eastern business cultures to
assist Western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. China Crescent
also assists Western clients in localizing products and services to realize
the tremendous growth potential available by expanding into the Chinese
Market.
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.