SOURCE: NuMobile, Inc.

NuMobile, Inc.

December 09, 2010 09:06 ET

(NUBL) NuMobile Management Anticipates $10 Million in Revenue in 2011 From Early Sales of Innovative Mobile Computing and Smartphone Technologies

FORT WORTH, TX--(Marketwire - December 9, 2010) - NuMobile, Inc. (OTCBB: NUBL) incoming CEO David Lee hosted a Webcast this week and presented on the Company's most recent acquisition in Africa as part of a plan to reach an anticipated $10 million in revenue in 2011 from the sale of innovative technologies for the growing smartphone and mobile computing market. The mobile banking market alone is projected to reach $8 billion in 2012, according to McKinsey Quarterly (Source: http://tinyurl.com/37z9vu3). The Webcast also includes a review of project opportunities NuMobile has gained through participation in the NewMarket Technology, Inc. (PINKSHEETS: NWMT)(OTCQB: NWMT) Greenfield Partnership Program, including a $1.6 million, 100-unit Wi-Fi device pilot project with China Crescent Enterprises, Inc.(OTCBB: CCTR). Based on a formal letter of intent, the customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 units. The Webcast is currently available online for on-demand review at the Company's corporate website www.numobileinc.com or directly at http://tinyurl.com/NUBLMOBILEBANKING.

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