FORT WORTH, TX--(Marketwire - February 28, 2011) - NuMobile, Inc. (OTCQB: NUBL) today announced that the Company's stock quotation has moved exclusively to the OTC Markets Group, Inc.'s OTCQB, effective February 23, 2011. The OTCQB is one of three tiers established by OTC Markets and identifies companies that are fully reporting with the SEC, to include NuMobile. NuMobile was previously dually quoted on both the OTCBB and OTC Markets quotation systems. Last week, more than 560 dually quoted companies, including NuMobile, moved to being quoted exclusively on the OTCQB. The FINRA operated OTCBB, now contains approximately 20 securities which are quoted solely on this system and represent less than 0.1% of the average daily dollar volume for the entire OTC market.
For further information regarding this change, see 'OTCBB Delistings and Rule 15c2-11: What Happened?' at http://tinyurl.com/46tbry6.
More information about OTCQB can be obtained at http://www.otcmarkets.com/learn/otc-market-tiers.
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About NuMobile, Inc. (www.numobileinc.com)
NuMobile (OTCQB: NUBL) (PINKSHEETS: NUBL) 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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