(NUBL) NuMobile Announces Letter of Intent to Acquire Mobile Cash Operation in East Africa

CARY, NC--(Marketwire - July 28, 2010) -  NuMobile, Inc. (OTCBB: NUBL) was included last week in a NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partner summit in Nairobi, Kenya. A Webcast presenting the key accomplishments of the summit was released on Friday, July 23rd. The Webcast includes information on the NuMobile letter of intent to acquire a mobile cash operation in East Africa signed during the summit. The mobile cash opportunity has been under development for several weeks. NuMobile previously announced a term sheet to acquire the mobile cash operation in the region that is currently generating approximately $5 million in annual revenue. Last week the terms were updated and the parties moved forward with a formal letter of intent. The webcast is available for on-demand review at http://www.savannaea.com/webcasts/wbgf_72310.html.

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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.

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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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