SOURCE: World Mobile Holdings, Inc.

January 10, 2014 09:00 ET

World Mobile Holdings, Inc. Announces New U.S. Plans and DTC Filing Status

NEW YORK, NY--(Marketwired - Jan 10, 2014) - World Mobile Holdings, Inc. (OTC Pink: WMHI), a global leader in developing Image Transmission Devices (ITD), Lithium-Iron (LiFePO4) Battery Modules, and Solutions Integration for major wireless carriers around the world, is pleased to announce its planning for marketing & sales activities in the U.S. and its plans to establish an assembly plant for Li-Fe (PO4) batteries in Southern California in order to fulfill the very large market-demand in U.S.

The marketing, and sales activities, in the U.S. is scheduled to be launched in the 2nd quarter of 2014. The establishment of an assembly plant is scheduled to be completed before the end of 2014.

The Company plans to address three main markets. The first target market is the huge power storage market known as the "UPS" (Uninterrupted Power Supply) for unmanned data storage centers, service centers, utility centers and, power grids all over U.S. The second target market is the consumers market such as portable power supply, car start up batteries and private solar power applications. The third target market is the "EV" electric vehicle market. The marketing activities in the U.S. are expected to begin in the 2nd quarter of 2014. Initially the batteries will be made in China; while the assembly plant is being completed and then we will supply U.S. made batteries once completed.

"We are proud to announce this news to our shareholders and potential investors. We have spent the whole year of 2013 conducting a very detailed study of the market in U.S. and we have done all necessary detailed planning. We are confident in announcing our plans for marketing and sales activities together with our plans for the assembly plant in U.S. This is a very exciting opportunity for our company to market our 'U.S. made' high quality, Li-Fe (PO4) batteries which will have very competitive prices and should bring good revenue and profits to our company," commented Jason Hu, Board Chairman and CEO of World Mobile.

The company has also filed DTC application with the Depository Trust Company at the end of 2013. "We are expecting to be DTC eligible very soon!" said by Jason Hu, Board Chairman and CEO of World Mobile.

About World Mobile Holdings Inc:
World Mobile Holdings, Inc. provides effective processed system, and customized systems integration, such as, integration of Surveillance Systems & Multimedia Signage, integration of Lithium-Iron Battery (LiFePO4) Modules, and systems for nursing & medical centers. Cooperating with the world's leading wireless operators, World Mobile's B to B business model has valuable assets to assist the major wireless operators around the world in fulfilling their needs of 3.5G and 4G / 5G wireless information services in order to satisfy their customers.

Safe Harbor:
Certain statements in this news release are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "estimates," "expect," "future," "intends," "may," "plans," "should," and "will."

Contact Information

  • For more information, please contact:
    World Mobile Holdings Inc.
    Ms. Samantha Jen

    Network 1 Financial Securities, Inc.
    Keith Testaverde
    The Galleria, Penthouse
    2 Bridge Avenue, Building 2
    Red Bank, NJ 07701
    (732) 758-9001
    Member FINRA, SIPC