Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Anticipated $20 Million Contract With Expected $8 Million Gross Margin Featured in Webcast With Overview of $0.10 Suggested Fair Value Target PPS
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - September 11, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today released an
exclusive Webcast discussing the Company's rollup acquisition strategy,
organic sales progress and recently announced letter of intent (LOI) with
Enhance Network Communication, Inc. The review of the Enhance opportunity
includes an overview of an anticipated $20 million contract for Enhance's
proprietary technology. The anticipated $20 million contract, with expected
$8 million gross margin, is to be included as a performance condition
within the acquisition agreement between NuMobile and Enhance. A link to
the Webcast is available on the corporate Website www.numobileinc.com under
Investor Relations titled "NuMobile Rollup Strategy Update Webcast."
LOI with Enhance Network Communication
NuMobile is building a portfolio of security and software solutions for the
mobile computing and smartphone market. The Company has recently announced
entering into a letter of intent to acquire 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 that could result in a
major contract by year-end.
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.
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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
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