NuMobile, Inc. to Review PPS Potential to $0.25 vs. $0.02 With $20 Million Sales Pipeline and Two Acquisitions Closed
October 19 2009 - 9:16AM
Marketwired
NuMobile, Inc. (OTCBB: NUBL) has scheduled a Webcast for Tuesday,
October 20th, to review the Company's price per share potential to
a suggested fair value $0.25 in light of recent business plan
progress. The Company recently completed two acquisitions and
anticipates one, possibly two, more acquisitions by year end.
NuMobile has acquired Stonewall Networks, Inc. and Enhance
Network Communication, Inc., software companies with proprietary
technology focused on mobile network security.
NuMobile is a smartphone and mobile computing software company
growing through a roll-up strategy to build a portfolio of mobile
software solutions, and has previously announced that it
anticipates signing its first substantial contract before the end
of 2009 for an estimated $20 million and $8 million gross margin.
Additionally, NuMobile has announced an anticipated third
acquisition involving a commercial software application distributed
across a mobile phone network. A letter of intent is pending and
anticipated shortly.
A link to the Webcast will available on both the corporate
website homepage and investor relations page at www.numobileinc.com
upon release.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email
alerts, please visit the corporate website at
www.numobileinc.com.
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.
"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.
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Contact: NuMobile, Inc. Investor Relations 214-556-5927
ir@numobileinc.com