SOURCE: NuMobile, Inc.

NuMobile, Inc.

April 09, 2010 10:39 ET

NuMobile (NUBL) Annual Report Establishes Revenue, Margin and Balance Sheet Baseline for SmartPhone and Mobile Computing Strategy

CARY, NC--(Marketwire - April 9, 2010) -  NuMobile, Inc. (OTCBB: NUBL) today announced filing its annual report. The report reflects the Company's business plan transition initiated in 2009. The annual report for 2008 reflected little activity and NuMobile's quarterly reports through the third quarter of 2009 had not yet reflected the changes ongoing at NuMobile. Late in 2009, NuMobile executed two acquisitions in conjunction with the Company's smartphone and mobile computing roll-up strategy. NuMobile's annual report reflects a substantial increase in financial activity in conjunction with the two acquisitions, including balance sheet asset and liability increases and revenue and expense increases. Management anticipates the 2009 annual report to establish a baseline for 2010 performance.

Strategic Update Webcast

This week, NuMobile released an on-demand Webcast presentation on its corporate website hosted by incoming CEO David Lee. The Webcast reviews the Company's smartphone and mobile computing software business plan launched early last year and NuMobile's 2010 plans.

In the Webcast, Mr. Lee discusses his plans for NuMobile in 2010 to build on its core 'bread and butter' base of contacts systematically, in order to better position the Company to win and fulfill larger contracts. The incoming CEO further reviews the Company's plans to pursue acquisitions in 2010, in addition to the two completed in 2009, and expand its technology services into the healthcare industry. Mr. Lee concludes the presentation with a discussion of NuMobile's key partnerships introduced over the past year through the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program. NuMobile was the first company to participate in the Greenfield program launched last year and through the program has developed partnerships with China Crescent Enterprises, Inc. (OTCBB: CCTR) and Alternet Systems, Inc. (OTCBB: ALYI).

A link to the NuMobile Webcast titled 'NuMobile Strategic Update Webcast' is available at http://www.numobileinc.com/ or directly at http://www.numobileinc.com/wcdl_4_07_10.html.

NuMobile Information and Email Newsletter

To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at http://www.numobileinc.com/. NuMobile sends regular email updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications on the corporate website, manage their own email contact profile and safely unsubscribe at any time.

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