FORT WORTH, TX--(Marketwire - February 15, 2011) - NuMobile, Inc. (
"The good news for OTC investors should be that average share prices are up according to OTCBB statistics," said Philip Verges founder of the Greenfield Partnership Program. "However, I would not suggest an investment strategy based on an OTCBB increasing price per share trend. While the average OTCBB price per share increased approximately 35% in 2010 compared to 2009, the number of securities traded on the OTCBB decreased by almost 30%. The number of market makers per OTCBB security is down 67% from January 2010 to January 2011. The number of total positions held in OTCBB securities is down 72%. Nevertheless, total share volume and dollar volume is up. The OTC environment is changing dramatically. Both OTC investors and entrepreneurial management teams need to review the changing OTC landscape and correspondingly update their go to market strategies."
The Greenfield Partnership Program was launched more than a year ago to support entrepreneurial, high growth companies in achieving their operational and business objectives and has been instrumental in assisting member companies with fundraising and market penetration. Since joining the Greenfield Program, NuMobile has gained valuable opportunities to promote cross-selling into new geographic markets such as East Africa and China.
2011 Business Plan Webcast
NuMobile recently released a Webcast hosted by David Lee presenting the Company's most recent business plan updates for 2011. The Webcast agenda features NuMobile's mobile banking expansion in East Africa, including the Company's first acquisition, Kruze Technologies, LTD, the first of two planned acquisitions in the mobile banking sector. The Webcast also includes a review of additional business plan updates and more detail behind the $20 million annual revenue objective for 2011.
A link to the on-demand Webcast is available at the NuMobile corporate website, www.numobileinc.com
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 Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.
Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.
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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