SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 20, 2009 09:00 ET

NuMobile, Inc. Discusses Recent Acquisitions, $20 Million Sales Pipeline and PPS Potential to $0.25 vs. $0.02 in Exclusive Strategic Update Webcast

CARY, NC--(Marketwire - October 20, 2009) - NuMobile, Inc. (OTCBB: NUBL) has released a Webcast today that reviews the Company's two recent acquisitions and the Company's price per share potential to a suggested fair value target of $0.25 in light of recent business plan progress. The Webcast further reviews a potential third acquisition.

NuMobile is a smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions, and has recently announced the acquisitions of Stonewall Networks, Inc. and Enhance Network Communication, Inc., software companies with proprietary technology focused on mobile network security. As a result of recent acquisitions, the Company has also announced that it anticipates signing its first substantial contract before the end of 2009 for an estimated $20 million and $8 million gross margin.

A link to the Webcast in now available on both the corporate website homepage and investor relations page at titled 'NuMobile Strategic Update Webcast.'

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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 Latin America and 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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