Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. to Update $0.25 PPS Suggested Fair Value Target Pending 2nd Anticipated Acquisition in Exclusive On-Demand Webcast Tomorrow
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - September 24, 2009) - NuMobile, Inc. (OTCBB : NUBL ) is scheduled to
update shareholders tomorrow in a joint presentation with management of the
Company's recent acquisition, Enhance Network Communication, Inc. The
presentation is expected to discuss Enhance's network technology and sales
plans through 4th quarter and a potential $20 million contract under
development that could be executed as early as year-end. Enhance has
developed a proprietary large enterprise network security technology
designed for managing the unique information management requirements of
network delivered government services.
The presentation is also scheduled to include an update on the Company's
second anticipated acquisition and the previously suggested fair value
target PPS of $0.25, In conjunction with NuMobilie's aggressive roll-up
plan, the Company has recently announced finalizing details to acquire
Stonewall Networks, Inc. with an anticipated closing next week. The
management of NuMobile and Stonewall Networks have announced completing
purchase negations during meetings held this week. The expected
acquisition of Stonewall will further expand NuMobile's intellectual
property library of smartphone and mobile computing software solutions.
A link to the on-demand Webcast will be posted to the corporate website
www.numobileinc.com tomorrow upon release.
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please visit the corporate website at www.numobileinc.com.
About Stonewall Networks, Inc. (www.stonewallnetworks.com)
Stonewall Networks, Inc. is an IT security product company founded in 2005.
The Company's main product, Cornerstone Security Management Platform,
provides a total security management vision for enterprises. The Stonewall
Networks team is built from IT security and network management experts
recognized for their work on management software for many of the world's
largest hardware vendors.
About Enhance Network Communication, Inc. (www.enetcom.net)
Enhance is headquartered in Cupertino, California and currently reports
approximately $1.2 million in profitable annual revenue. Enhance has
developed a proprietary large enterprise network security technology
designed for managing the unique information management requirements of
network delivered government services. School districts make up the
majority of Enhance's current customer base. Early product testing is
currently underway with a new prospective client.
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 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.