SOURCE: NuMobile, Inc.

NuMobile, Inc.

May 24, 2010 09:00 ET

(NUBL) NuMobile Joins Shanghai Trade Mission to Pursue $200 Million Greenfield Program Revenue Goal

CARY, NC--(Marketwire - May 24, 2010) -  NuMobile, Inc. (OTCBB: NUBL) today joined other NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Program Partners in Shanghai to participate in a weeklong Trade Mission and Greenfield Partners CEO conference being hosted by China Crescent Enterprises, Inc. (OTCBB: CCTR) in conjunction with the 2010 World's Fair, or Expo 2010. The World's Fair, which opened at the beginning of the month and runs through October 31 in Shanghai, is expected to attract some 70 million visitors. Greenfield Partner representatives and Trade Mission delegates from the United States, Africa, Southeast Asia and South America converged today in Shanghai to pursue the joint opportunities outlined in a 2010 Greenfield Summit hosted earlier this year in Shanghai. At the conclusion of the 2010 Greenfield Summit in March, China Crescent's CEO outlined a Greenfield Program opportunity to achieve a potential $200 million in combined revenue between all participant companies in 2010 through project collaboration in China. The CEO conference this week is expected to concentrate on developing a channel to provide brand name Chinese-based technologies in East Africa, where NuMobile already has a presence.

First Quarter Review and Anticipated Improved Return on Investment Potential Webcast Presentation

Last week, NuMobile released a Webcast presentation to review the Company's first quarter 2010 performance and to preview preparations for the Company's 2010 acquisition campaign. The Webcast presentation has been conducted by the Company's incoming CEO David Lee and reviews the Company's first quarter 2010 results in conjunction with management's positive perspective on the Company's near term and long term return on investment potential. Last year, NuMobile introduced a brand new business plan focused on the acquisition and development of a portfolio of smartphone and mobile computing technologies. NuMobile's recent quarterly report reflects the first two acquisitions executed in late 2009. A link to the Webcast is now available on the corporate website www.numobileinc.com or directly at http://www.numobileinc.com/wcupq_5_20_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 www.numobileinc.com.

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
    214-722-3042