Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Looks to Emerging Markets for Rapid Growth With 43% CAGR Expected for Smartphone Market in Brazil
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - January 5, 2010) - NuMobile, Inc. (OTCBB : NUBL ) is scheduled to
present its 2010 strategy and $20 million revenue target at the NewMarket
Technology, Inc. Greenfield Partner Virtual Town Hall on January 22, 2010.
More detail on NuMobile's strategy is also scheduled to be presented at the
Company's independent Virtual Town Hall on January 29, 2010. Included in
the presentations will be the Company's plan to pursue rapid growth in the
world's emerging markets. Recently, Business News Americas reported that a
senior analyst with Pyramid Research expects the smartphone market in
Brazil to grow at a compound annual growth rate (CAGR) of 43% between 2010
and 2014.
(http://www.bnamericas.com/news/telecommunications/Smartphone_market_to_grow_at_CAGR_of_43*_in_2010-2014_-_Pyramid/168469536). The Pyramid analyst
further added, "At Pyramid we believe that Brazil will become one of the
fastest growing markets in the smartphone segment on both a global and
regional level." BNamericas is a leading source of information on 12
strategic sectors of the Latin American economy serving over 1,300
subscribed multinational companies and 80,000+ registered executives across
the region.
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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.