SOURCE: NuMobile, Inc.

NuMobile, Inc.

February 12, 2010 13:07 ET

NuMobile, Inc. Schedules Webcast to Release New Information on Anticipated $20 Million Contract and Further Detail on Role in Chinese ODM Project Valued at $160 Million

CARY, NC--(Marketwire - February 12, 2010) - NuMobile, Inc. (OTCBB: NUBL) today announced a Webcast scheduled for Tuesday, February 16th to release new information on an anticipated $20 million contract. The anticipated contract is related to the acquisition of a proprietary technology company executed last year. The contract was in negotiations at the time of the acquisition and consideration for the acquisition of the proprietary technology company was structured to incentivize success with the anticipated $20 million contract.

NuMobile has also recently announced being selected to provide key technology in a $160 million original design manufacturing (ODM ) project opportunity in China with China Crescent Enterprises, Inc. (OTCBB: CCTR). China Crescent has announced receiving a $1.6 million original design manufacturing (ODM) purchase order from a confidential Japanese customer for 100 sets of a special purpose Wi-Fi communication device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million dollars over the next three years, subject to the performance of the first 100 sets. China Crescent is NuMobile's strategic partner in China and the two companies have formed a partnership to sell, service and market NuMobile's products in China, including its smartphone and mobile computing solutions. The Webcast agenda includes more details on NuMobile's expected role in the project.

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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.

"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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