Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. to Review PPS Potential to $0.25 vs. $0.02 With $20 Million Sales Pipeline and Two Acquisitions Closed
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 19, 2009) - NuMobile, Inc. (OTCBB : NUBL ) has scheduled a
Webcast for Tuesday, October 20th, to review the Company's price per share
potential to a suggested fair value $0.25 in light of recent business plan
progress. The Company recently completed two acquisitions and anticipates
one, possibly two, more acquisitions by year end.
NuMobile has acquired Stonewall Networks, Inc. and Enhance Network
Communication, Inc., software companies with proprietary technology focused
on mobile network security.
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 previously announced that it 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.
A link to the Webcast will available on both the corporate website homepage
and investor relations page at www.numobileinc.com upon release.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email alerts,
please visit the corporate website at www.numobileinc.com.
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.