SOURCE: NuMobile, Inc.

NuMobile, Inc.

December 03, 2010 09:13 ET

(NUBL) NuMobile Schedules Webcast to Present Recent Acquisition in Africa to Enter Mobile Banking Market Anticipated to Reach $8 Billion in 2012

FORT WORTH, TX--(Marketwire - December 3, 2010) - NuMobile, Inc. (OTCBB: NUBL) has scheduled an on-demand Webcast for next Tuesday, December 7 to present the Company's African mobile banking strategy. Yesterday, NuMobile announced the acquisition of Kruze Technologies, Ltd. in Nairobi, Kenya. This is the first of two acquisitions planned to establish a foothold for NuMobile in the rapidly growing mobile banking market in Africa. A link to the Webcast will be posted to the corporate website www.numobileinc.com upon release.

New York Times Reports Mobile Banking Customers to Surge to 894 Million

In a November 28th article titled 'Mobile Banking in the Emerging World,' the New York Times reported, "Globally, the number of mobile banking users is expected to surge more than sixteenfold, to 894 million by 2015 from 55 million in 2009, according to Berg Insight, an industry research firm based in Stockholm." The complete article is available at: http://tinyurl.com/32y7nhu.

McKinsey Quarterly Anticipates Mobile Banking to be $8 Billion Market by 2012

According to McKinsey Quarterly, there are 1 billion people in emerging markets with a mobile phone but no access to banking, a number that is expected to nearly double by 2012. In 2012, there could be as many as 360 million mobile money users generating $5 billion annually in direct revenue and an additional $3 billion in indirect revenue. (Source: http://tinyurl.com/37z9vu3).

Greenfield Partnership Program

NuMobile is a member of the NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program. The Greenfield program was launched in 2009 to accelerate the introduction of new technologies into emerging markets around the world where technology buying is on the rise, while improving return on investment (ROI) potential. The Greenfield program assists in providing startup and development stage partner companies the collaboration opportunities and support necessary to win key contracts and grow their businesses. Companies are chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they currently participate, such as China, Latin America and East Africa.

NuMobile was recently featured in a NewMarket Technology Third Quarter Review Webcast as well as the Third Quarter Review of its Greenfield partner, China Crescent Enterprises, Inc. (OTCBB: CCTR). NuMobile's wireless broadband utility metering project in East Africa was presented in NewMarket 's Webcast, which also included a review of other ongoing NuMobile projects in East Africa and China. NuMobile's contribution to a $1.6 million pilot project in partnership with China Crescent was featured in both the NewMarket Webcast and again in China Crescent's third quarter performance review Webcast.

The Webcasts are available for on-demand viewing through the links below:
NewMarket 3rd quarter review Webcast: http://tinyurl.com/Q3Webcast
China Crescent 3rd quarter review Webcast: http://tinyurl.com/CCTRQ3Webcast

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.

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