SOURCE: NuMobile, Inc.

NuMobile, Inc.

March 04, 2010 09:00 ET

NuMobile, Inc. PPS Increase Potential From Upcoming Milestone Events Featured in Not-For-Profit Small Equity Initiative On-Demand Webcast

CARY, NC--(Marketwire - March 4, 2010) - NuMobile, Inc. (OTCBB: NUBL) today announced the Company has been featured in an on-demand Webcast from the not-for-profit Small Equity Initiative being released later today. NuMobile is building a portfolio of software solutions for the global mobile computing and smartphone market. The Webcast will present the milestone investment strategy developed to enhance return on investment potential for self-directed retail investors when making investments in early stage, publicly listed companies. The milestone return on investment potential of NuMobile is reviewed in the presentation. The Webcast is scheduled to be released later today at www.smallequity.com and a direct link to the presentation will be http://www.smallequity.com/wb_mi_3_4_2010.html.

Participation in $160 Million Chinese ODM Project

Recently, NuMobile has been selected to provide key technology in a $160 million original design manufacturing (ODM ) project opportunity in China with China Crescent Enterprises, Inc. China Crescent is NuMobile's strategic partner in China and the two companies have formed a partnership to sell, service and market NuMobile's products in China, including its smartphone and mobile computing solutions. China Crescent has announced receiving a $1.6 million original design manufacturing (ODM) purchase order from a confidential Japanese customer for 100 sets of a special purpose Wi-Fi communication device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million dollars over the next three years, subject to the performance of the first 100 sets.

NuMobile Information and Email Newsletter

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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.

Contact Information

  • Contact:

    NuMobile, Inc.
    Investor Relations
    214-556-5927