Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. Partnership to Penetrate Smartphone Market in China with Apple iPhone Launch Anticipated in 4th Quarter to Be Featured in Exclusive On-Demand Webcast Tomorrow
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - September 24, 2009) - NuMobile, Inc. (OTCBB : NUBL ) recently announced a
partnership with China Crescent Enterprises, Inc. (OTCBB : CCTR ), a systems
integrator and technology service provider in the Chinese market reporting
approximately $40 million in annual revenue for the past two years.
NuMobile's proprietary software product offerings for the smartphone and
mobile computing market coupled with China Crescent's established
operations in the region have prepared the companies for the smartphone
market boom expected in China with the 4th quarter release of Apple's
iPhone. In response to the impending release of the iPhone competitors are
preparing to release their own smartphone products and applications.
Smartphone growth in China is expected to top 40% next year and maintain a
healthy 30% growth rate through 2013. During an on-demand Webcast tomorrow,
September 25th, management plans to discuss the Company's partnership with
China Crescent as well as its proprietary software product offerings.
In the Webcast, Management is also scheduled to update shareholders on the
Company's aggressive roll-up plan to include the pending acquisition of
Stonewall Networks, Inc. and recent acquisition of Enhance Network
Communication, Inc. Enhance has developed a proprietary large enterprise
network security technology designed for managing the unique information
management requirements of network delivered government services and has a
potential $20 million contract under development that could be executed as
early as year-end.
Finally, the Webcast is also scheduled to include an update on the
Company's previously suggested fair value target PPS of $0.25.
A link to the on-demand Webcast will be posted to the corporate website
www.numobileinc.com tomorrow upon release.
NuMobile Information and Email Newsletter
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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.