SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 14, 2009 09:14 ET

NuMobile, Inc. Anticipates Further Contracts in Southeast Asia on Overwhelming Feedback on Existing $1 Million Contract Signed Earlier This Year

CARY, NC--(Marketwire - October 14, 2009) - NuMobile, Inc. (OTCBB: NUBL) is conducting key meetings in Shanghai this week in conjunction with the Company's overall efforts to expand its smartphone and mobile computing software solutions in the Chinese market. Earlier this year, NuMobile announced entering into a three-year contract to provide mobile Internet services to business travelers in Southeast Asia. During the scheduled meetings this week, the Company met with its customer, and NuMobile is pleased to announce a highly positive review of the contract to-date. NuMobile plans to continue monitoring the progress of the project with the customer and explore opportunities to expand both the scope of the project over the three year contract term and overall business in the region. Per the original terms, the three-year contract is anticipated to generate $250,000 in revenue for NuMobile in the first year of the contract and approximately $1 million over the life of the contract.

NuMobile is a smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions. NuMobile has recently announced closing acquisitions of two software companies with proprietary technology focused on mobile network security. As a result of existing acquisitions, NuMobile anticipates signing its first substantial contract before the end of 2009 for an estimated $20 million and $8 million gross margin. Additionally, NuMobile has announced an anticipated third acquisition involving a commercial software application distributed across a mobile phone network. A letter of intent is pending and anticipated shortly.

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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.

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