Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Makes Headway With Enhance, Raising the PPS Target Above $0.10
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - September 16, 2009) - NuMobile, Inc. (OTCBB : NUBL ) recently announced
the pending acquisition of Enhance Network Communication, Inc.
headquartered in Cupertino, California. Enhance currently reports
approximately $1.2 million in profitable annual revenue and 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. Enhance anticipates closing a $20 million
contract with $8 million in gross margin by year-end with the contract
going into service next year.
This Friday, the Company plans to release a strategic update to discuss the
acquisition and an increase in the previously published fair value target
price per share of $.10 based on the Enhance acquisition. A link to the
Webcast will be posted to the NuMobile website www.numobileinc.com upon
release.
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