SOURCE: NuMobile, Inc.

NuMobile, Inc.

November 09, 2010 09:00 ET

(NUBL) NuMobile Announces Exclusive CEO Webcast on Pending $5 Million Acquisition to Enter High Growth Multi-Billion Dollar Industry

FORT WORTH, TX--(Marketwire - November 9, 2010) -  NuMobile, Inc. (OTCBB: NUBL) has released a Webcast from incoming CEO David Lee reviewing the Company's recent trade mission to Kenya and anticipated milestones for the fourth quarter of 2010. Additionally, the Webcast provides an update on a target mobile wallet acquisition which NuMobile is in the final stages of completing. The mobile wallet company, based in Nairobi, Kenya, currently has approximately $5 million in annualized revenue, which would provide a meaningful contribution towards achieving the Company's $20 million 2011 revenue objective. This potential acquisition would expand NuMobile's service offerings, targeting a rapidly expanding industry that is expected to grow to $8 billion by 2012.

The Webcast is available for on-demand review on the Company's corporate website www.numobileinc.com or directly at http://tinyurl.com/2a5r8zf.

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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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