Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Announces E-Commerce Expansion in China on Smartphone and Mobile Computing Backbone
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 6, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today announced an
E-Commerce expansion in China to diversify and increase market
opportunities to penetrate the smartphone and mobile computing market in
China. NuMobile is a young smartphone and mobile computing software
company growing through a roll-up strategy to build a portfolio of mobile
software solutions. As a result of existing acquisitions, NuMobile
anticipates signing is first substantial contract before the end of 2009
for an estimated $20 million and $8 million gross margin.
NuMobile's Chinese channel partner, China Crescent Enterprises, Inc., is
registering to provide E-Commerce services in China in part to improve its
sales potential of smartphone and mobile computing solutions. China
Crescent is a systems integration service provider in China that sells and
services brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP
and Dell in addition to selling and servicing innovative new
technologies. China Crescent recently reported record net income of $1.1
million through the first six months of 2009 on $17 million in revenue.
The Company reported over $40 million in revenue in both 2007 and 2008 and
has forecasted reporting $50 million in profitable revenue in 2009.
According to a China Tech News summary of a recent IDC market research
report, trade in China's e-commerce is expected to reach CNY3.22 trillion
in total trade by 2010, up from CNY1.951 trillion in 2008. The Chinese
online auction site, Taobao.com, similar to E-bay, realized staggering
growth, reporting CNY100 billion in trade volume in 2008, compared to just
CNY43.3 billion in 2007. Even with strong growth, the penetration of
e-commerce in China is just north of 25%, leaving considerable room for
continued expansion. Wireless Expertise, a UK-based wireless market
research and consulting firm, expects rapid growth in the global mobile
application marketplace from $4.66 billion in 2009 to $16.6 billion in
2013. Much of the growth is fueled by mobile phones currently outnumbering
PCs around the world 4:1. Because of their mobility, the opportunity for
growth is substantially higher than fixed-line applications and solutions.
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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 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.