CARY, NC--(Marketwire - September 14, 2010) - NuMobile, Inc. (
Last year, NuMobile launched an updated business strategy to build a portfolio of smartphone and mobile computing technologies through an acquisition roll-up strategy. After acquiring Stonewall Networks, Inc. (http://www.stonewallnetworks.com/) and Enhance Network Communication, Inc. (http://enetcom.net/) late last year, NuMobile recently began a capital restructuring to support an ongoing acquisition campaign. Prime Equity's coverage was initiated around the same time as the restructuring initiative to provide an independent perspective on the Company's progress and plans. The restructuring was completed recently and the report was released last week. The report includes details on the two completed acquisitions and a review of the Company's overall business plan.
NewMarket Greenfield Program
Central to the Company's updated business strategy is the NewMarket Technology 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. Greenfield Program companies include China Crescent Enterprises, Inc. (
Through the Greenfield Partnership Program, NuMobile is part of a $1.6 million contract and $160 million letter of intent signed by China Crescent Enterprises, Inc. (
Prime Equity Research Report
To review a copy of the research report, please visit the NuMobile corporate website at www.numobileinc.com or the Prime Equity Research website at www.primeequityresearch.com.
The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. NuMobile engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
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 Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
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