FORT WORTH, TX--(Marketwire - December 14, 2010) - NuMobile, Inc. (
NuMobile reported 3,000% revenue growth to $393k through the third quarter of 2010 compared to the same period in 2009. Incoming CEO David Lee recently hosted an on-demand Webcast to present a recent acquisition in Africa that was acquired to support the Company's overall plan to reach an anticipated $20 million in revenue in 2011 from the sale of innovative technologies for the growing smartphone and mobile computing market. The recently completed acquisition is the first of two planned acquisitions for NuMobile. The mobile banking market alone is projected to reach $8 billion in 2012, according to McKinsey Quarterly (Source: http://tinyurl.com/37z9vu3).
A detailed presentation on the Company's plans to reach $20 million in revenue in 2011 from a combination of revenue derived through acquisition combined with revenue resulting from organic sales will be covered in the Webcast scheduled for January 6th.
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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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