SOURCE: NuMobile, Inc.

August 07, 2009 09:00 ET

NuMobile, Inc. Announces 3-Year Contract to Provide Mobile Internet Services in Southeast Asia

New Contract Anticipated to Generate $1 Million in Revenue

CARY, NC--(Marketwire - August 7, 2009) - NuMobile, Inc. (OTCBB: NUBL) today announced entering into a three-year contract to provide mobile internet services to business travelers in Southeast Asia. The contract is the result of a recently announced partnership NuMobile entered into to market software solutions to the smartphone and mobile computing market in Southeast Asia. The three-year contract announced today is anticipated to generate $250,000 in revenue for NuMobile in the first year of the contract and approximately $1 million over the life of the contract.

The National Guard and other Milestone Business Development Events

NuMobile recently announced a corporate name change that represents a milestone event in its overall strategy to build a portfolio of security and software solutions for the smartphone and mobile computing market. NuMobile has already announced a contract with the National Guard as a result of early sales efforts in North America.

Suggested $0.10 to $0.50 Price per Share

This week, NuMobile released an on-demand Webcast presenting the Company's sales pipeline anticipated to deliver $1 million in first year revenue. In the Webcast, the Company discusses the overall mobility software market opportunity and the Company's first solutions offerings and first contracts. Additionally, the Webcast includes a discussion of the Company's $0.10 suggested fair value target price per share and a review of the anticipated milestone events that could raise the suggested fair value target price per share to $0.50.

A link to the Webcast is available on the corporate Website (www.numobileinc.com) under Investor Relations titled "NuMobile Sales Pipeline Report Webcast."

Recent Contracts in Healthcare and with the National Guard

NuMobile recently announced a contract with a healthcare software company to pilot a network security monitoring system to support healthcare related security requirements. The healthcare security industry reported revenues of $1.66 billion in 2007 and revenues are expected to reach $5.78 billion in 2014.

NuMobile also recently announced the completion of an initial phase of a contract for the National Guard to deliver an information system for DIACAP security vulnerability assessment and information assurance accreditation.

NuMobile Information and Email Newsletter

To learn more about NuMobile and to sign up for company email updates, please visit the corporate website at www.numobileinc.com.

"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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