Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Announces 3-Year Contract to Provide Mobile Internet Services in Southeast Asia
New Contract Anticipated to Generate $1 Million in Revenue
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - August 7, 2009) - NuMobile, Inc. (OTCBB : NUBL ) today announced
entering into a three-year contract to provide mobile internet services to
business travelers in Southeast Asia. The contract is the result of a
recently announced partnership NuMobile entered into to market software
solutions to the smartphone and mobile computing market in Southeast Asia.
The three-year contract announced today is anticipated to generate $250,000
in revenue for NuMobile in the first year of the contract and approximately
$1 million over the life of the contract.
The National Guard and other Milestone Business Development Events
NuMobile recently announced a corporate name change that represents a
milestone event in its overall strategy to build a portfolio of security
and software solutions for the smartphone and mobile computing market.
NuMobile has already announced a contract with the National Guard as a
result of early sales efforts in North America.
Suggested $0.10 to $0.50 Price per Share
This week, NuMobile released an on-demand Webcast presenting the Company's
sales pipeline anticipated to deliver $1 million in first year revenue. In
the Webcast, the Company discusses the overall mobility software market
opportunity and the Company's first solutions offerings and first
contracts. Additionally, the Webcast includes a discussion of the Company's
$0.10 suggested fair value target price per share and a review of the
anticipated milestone events that could raise the suggested fair value
target price per share to $0.50.
A link to the Webcast is available on the corporate Website
(www.numobileinc.com) under Investor Relations titled "NuMobile Sales
Pipeline Report Webcast."
Recent Contracts in Healthcare and with the National Guard
NuMobile recently announced a contract with a healthcare software company
to pilot a network security monitoring system to support healthcare related
security requirements. The healthcare security industry reported revenues
of $1.66 billion in 2007 and revenues are expected to reach $5.78 billion
in 2014.
NuMobile also recently announced the completion of an initial phase of a
contract for the National Guard to deliver an information system for DIACAP
security vulnerability assessment and information assurance accreditation.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email updates,
please visit the corporate website at www.numobileinc.com.
"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.