SOURCE: NuMobile, Inc.

September 18, 2009 08:30 ET

NuMobile, Inc. Announces Increased Target PPS of $0.25 Following Acquisition of Enhance Network Communication, Inc. With Anticipated $20 Million Contract

Company Posts Exclusive Webcast Discussing Acquisition and New Fair Value Target PPS

CARY, NC--(Marketwire - September 18, 2009) - Yesterday, NuMobile, Inc. (OTCBB: NUBL) announced executing an agreement acquiring Enhance Network Communication, Inc. Today, NuMobile released an on-demand Webcast reviewing the acquisition and a potential contract that would result in approximately $20 million in revenue with $8 million in gross margin. The Webcast further discusses the new fair value target price per share of $0.25. A link to the Webcast is available on the Company's corporate website on the homepage and investor relations page titled 'NuMobile Enhance Network Communication Acquisition and $0.25 Target PPS Webcast'.

NuMobile has acquired Enhance in exchange for $5 million in debt. The debt is payable in two parts, with $1 million due one year from closing. The remaining $4 million is due five years from closing and contingent upon Enhance signing $20 million worth of new business with $8 million in gross margin. Management anticipates that the debt exchanged for the purchase can be serviced out of cash flow from operations.

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About Enhance Network Communication, Inc. (

Enhance is headquartered in Cupertino, California and currently reports approximately $1.2 million in profitable annual revenue. Enhance 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. Early product testing is currently underway with a new prospective client.

About NuMobile,Inc. (

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.


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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