Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Trading Volume Ranks in Top 20 Most Active on OTCBB, Building Momentum for Potential PPS Increase to $0.25 Suggested Fair Value Target
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 20, 2009) - NuMobile, Inc. (OTCBB : NUBL ) is a smartphone and
mobile computing software company growing through a roll-up strategy to
build a portfolio of mobile software solutions, and has recently announced
the acquisitions of Stonewall Networks, Inc. and Enhance Network
Communication, Inc., software companies with proprietary technology focused
on mobile network security. As a result of recent acquisitions, the
Company has also announced that it anticipates signing its first
substantial contract before the end of 2009 for an estimated $20 million
and $8 million gross margin.
"Within the milestone investing cycle we often discuss, trading volume is a
substantial factor in the price per share performance of an over the
counter quoted company," said Philip Verges, CEO and founder of NewMarket
Technology, Inc. and the Greenfield Partnership Program. "The Greenfield
Partnership program recently suggested a $0.25 fair value target price per
share for NuMobile. We do not expect a steady and continuous increase but
rather look for periodic increases and subsequent declines that ideally
demonstrate an upward trend toward the $0.25 target. We anticipate those
increases and declines would include increases and declines in trading
volumes as well. With the recent trading volume registering NuMobile as a
top 20 most actively traded security by share volume on the OTCBB, in
conjunction with recent milestone business development events, we are
optimistic that this might be an indication of the next milestone increase
in the price per share."
NuMobile Strategic Update Webcast Available Online
NuMobile released a Webcast today that reviews the Company's two recent
acquisitions and the Company's price per share potential to a suggested
fair value target of $0.25 in light of recent business plan progress. The
Webcast further reviews a potential third acquisition. A link to the
Webcast in available on both the corporate website homepage and investor
relations page at www.numobileinc.com titled 'NuMobile Strategic Update
Webcast'.
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.