SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 06, 2009 09:15 ET

NuMobile, Inc. Announces E-Commerce Expansion in China on Smartphone and Mobile Computing Backbone

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.

NuMobile Information and Email Newsletter

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

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.

Contact Information