CARY, NC--(Marketwire - December 28, 2009) - NuMobile, Inc. (
OTCBB:
NUBL) today released a
letter to shareholders from Philip Verges, the CEO and founder of NewMarket
Technology, Inc. Earlier this year NewMarket introduced the Greenfield
Partnership Program. NuMobile was the first company to join the
Greenfield Program, and the program is an important aspect of NuMobile's
strategy. NuMobile is scheduled to participate in the NewMarket Virtual
Town Hall on January 22, 2010. The letter previews the Virtual Town Hall
agenda and is included in its entirety below.
Dear Shareholders
This has been a big year at NuMobile, and in turn, a big year for
NewMarket's Greenfield Program. NuMobile is NewMarket's inaugural
Greenfield partner. As a Greenfield partner, NuMobile launched a new
business plan and made substantial progress in executing on that new
business plan. The Greenfield Program is assisting NuMobile in building a
portfolio of mobile computing and smartphone technologies. This year,
NuMobile executed two acquisition agreements and has two more underway.
In 2010, NuMobile has the potential to realize over $20 million in revenue.
We have seen active trading of the NuMobile stock that has regularly made
NuMobile one of the top 100 most actively traded issuers listed on the
OTCBB. The OTCBB has over 3,000 listed securities. I am enthusiastic
about NuMobile's potential growth in 2010.
Next month, on January 22nd, NuMobile is scheduled to participate in the
NewMarket Virtual Town Hall and subsequently, NuMobile is scheduled to
conduct an independent Virtual Town Hall on January 29th. At the NewMarket
Town Hall, we will present a review of NuMobile's participation in 2009 as
a Greenfield partner and also present plans in conjunction with the
Greenfield Program for 2010. On January 29th, NuMobile is scheduled to
conduct an independent review of its 2009 performance and plans for 2010.
I encourage shareholders to submit questions by email in advance of both
Town Hall meetings.
In 1997, my family, with the help of an angel investor, launched the
initiative that has grown into NewMarket Technology and the NewMarket
family of companies, to include the launch of the Greenfield Program this
year. My family remains very active in the NewMarket family of companies
and the Greenfield partner companies. The upcoming Virtual Town Hall will
include presentations on the NewMarket family of companies and Greenfield
partner companies. A growing and recurring theme to be included in the
Town Hall presentations entails the increasing initiative stemming from the
NewMarket experience to improve the small business investment markets for
both entrepreneurs and investors. We believe this initiative is important
to the NewMarket family of companies. We also want to make a contribution
to improving the overall global small business opportunity for all
entrepreneurs and investors. Again, tune into our January 22nd Virtual
Town Hall to learn more. You can find a preview of Town Hall topics in a
recent letter to NewMarket shareholders here:
http://www.marketwire.com/press-release/Newmarket-Technology-Inc-1095836.html.
Milestone Return on Investment Potential
We believe over-the-counter share price values are determined more by
qualitative considerations than quantitative considerations. While
national exchange listed share prices frequently reflect business sector
consistencies in terms of book value and revenue correlations,
over-the-counter share price business sector consistencies and operational
performance correlations are hard to find. Share prices of
over-the-counter companies often fluctuate dramatically. We believe those
fluctuations are driven by qualitative reactions to milestone events. A
new contract, for instance, announced by an over-the-counter listed company
may be received by the investment community as an indication of the
company's potential long-term success and increased purchasing of that
company's stock may ensue. The single milestone will likely only sustain
increased buying for a short period of time and the share price will likely
come back down again. Based on our perception of the over-the-counter
share price dynamics, we frequently discuss supplementing any long-term
investment strategy with a milestone investment strategy that entails
buying small positions in anticipation of milestone events and taking
profits by selling when a milestone event drives an increased share price.
We anticipate NuMobile to have a high potential of delivering milestone
returns in addition to maintaining long-term potential.
Long-Term Return on Investment Potential
Long-term return on investments from over-the-counter companies are a
higher risk proposition than return on investments in national exchange
listed companies. The over-the-counter market has a high number of early
stage and start-up companies. Start-up companies frequently do not achieve
sustainable financial performance within three years. Many of those
companies that do not achieve sustainable financial performance will
deliver milestone successes along the way and be able to deliver milestone
returns. However, long-term success and a long-term return on investment
are more elusive. When an over-the-counter listed company achieves
sustainable financial performance and can potentially deliver a long-term
return on investment, that return is unlikely to be delivered by simple
long-term share price appreciation. It is difficult to predict how many
shares an over-the-counter company might issue in raising capital and
acquiring resources for its business plan. I believe most over-the-counter
companies end up issuing more stock than they anticipate. While a company
may reach financial sustainability, so many shares may have been issued
along the way, that a sustainable share price reflecting financial
performance is unachievable on the over-the-counter markets. Accordingly,
the long-term return on investment will likely have to be delivered via
some other method. A sale of the operation to a larger company and a
corresponding distribution of the proceeds to the selling shareholders
could be one way a long-term return on investment is realized. I believe
in the long-term potential of NuMobile. However, NuMobile is fighting the
statistics of early stage companies that frequently do not achieve
sustainable financial performance. NuMobile is also an over-the-counter
listed company and I am telling you that I do not believe a long-term
return on investment is likely to be realized by simple share price
appreciation. I further more do not have a definitive plan as to what
alternative means management intends to peruse in the delivery of a
long-term return. As 2010 approaches, I hope you will think about our
ongoing discussions on milestone investing and carefully consider your
long-term investment strategy.
We continue to work with NuMobile through the holidays. As soon as
NuMobile has more news on the pending acquisitions and contracts that have
been previously discussed, I expect the Company to the release the
corresponding news. It is possible NuMobile may achieve a milestone event
before the end of the year. We certainly plan to do our best in this
regard. Stay tuned and enjoy the holiday season.
Best Regards,
Philip Verges
CEO and Founder of NewMarket Technology, Inc.
Greenfield Partnership Program
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: Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com