SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 16, 2009 13:00 ET

NuMobile, Inc. Schedules Webcast on Recent Acquisitions, Shanghai Meetings and $0.25 Suggested Fair Value Target for Tuesday

CARY, NC--(Marketwire - October 16, 2009) - NuMobile, Inc. (OTCBB: NUBL) has scheduled a Webcast for Tuesday, October 20th, to review the Company's recent acquisitions of 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. As a result of these acquisitions, NuMobile 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.

The Webcast agenda further includes a review of meetings conducted in Shanghai this week in conjunction with the Company's overall efforts to expand its smartphone and mobile computing software solutions in the Chinese market and a review of the previously announced $0.25 suggested fair value target price per share.

A link to the Webcast will available on both the corporate website homepage and investor relations page at upon release.

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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.

"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.

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