SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 05, 2009 13:53 ET

NuMobile, Inc. Announces $0.25 PPS Suggested Fair Value Target Price per Share Update and Reiteration in On-Demand Webcast Presentation

CARY, NC--(Marketwire - October 5, 2009) - NuMobile, Inc.'s (OTCBB: NUBL) business strategy to build a portfolio of security and software solutions for the global mobile computing and smartphone market and suggested fair value target PPS of $0.25 were recently featured in an online, on-demand Greenfield Program presentation.

As part of NuMobile's aggressive roll-up to build its portfolio of solutions, the Company recently announced the acquisition of Enhance Network Communication, Inc. Enhance is headquartered in Cupertino, California and has developed a proprietary large enterprise network security technology designed for managing the unique information management requirements of network-delivered government services. School districts make up the majority of Enhance's current customer base and the Company anticipates signing a sales contract through Enhance worth approximately $20 million in the 4th quarter of 2009.

The Greenfield program has been developed 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. NuMobile has been participating in the Greenfield program this year with recently announced partnerships to enter the emerging markets of China, East Africa and Latin America. A link to the presentation is available on the Company's website www.numobileinc.com under Investor Relations.

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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 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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