FORT WORTH, TX--(Marketwire - March 24, 2011) - NuMobile, Inc. (OTCQB: NUBL) today highlighted a recent outlook from Gartner (http://tinyurl.com/25a3vko) focused on worldwide IT spending in 2011, which it forecasts to grow 5.1% over the previous year. The outlook points to the telecom equipment industry for the strongest forecasted growth in 2011 at 9.1%. Strong sales of mobile devices in 2010, specifically smartphones in mature markets and white box devices in emerging markets, were drivers of Gartner's strong forecast for the industry in 2011. NuMobile's business plan is focused on building a portfolio of security and software solutions for the global smartphone and mobile computing market. Incoming NuMobile CEO David Lee recently conducted a Webcast to provide an update on the Company's business plan. The Webcast also provides an update on the Company's first two acquisitions, organic growth opportunities and financial goals for 2011, discusses the Company's 2010 annual report due at the end of this month and highlights the anticipated formal appointing of Mr. Lee as Chief Executive Officer upon completion of the report's filing.
The Webcast is now available for on-demand viewing by going to NuMobile's corporate website, www.numobileinc.com and clicking on "Investor Relations" or directly by clicking here: http://tinyurl.com/NUBL317WC.
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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 trading on the OTC Markets Group, Inc.'s OTCQB market tier.
"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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