SOURCE: NuMobile, Inc.

NuMobile, Inc.

October 20, 2009 13:08 ET

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

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 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

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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