(NUBL) NuMobile Announces Key Stakeholders Meeting in Shenzhen to Advance Strategic Acquisition
May 26 2011 - 10:04AM
Marketwired
NuMobile, Inc. (PINKSHEETS: NUBL) (OTCQB: NUBL) today announced a
key stakeholders meeting scheduled the week of June 6 in Shenzhen,
China. The primary purpose of the meeting is to take next steps
toward acquiring an original design manufacturing (ODM) company
based in Shenzhen, with approximately $22 million in annual
revenue. The Company recently announced entering into a letter of
intent (LOI) to acquire the ODM operation which is currently a
subsidiary operation of China Crescent Enterprises, Inc.
(PINKSHEETS: CCTR). The acquisition is planned to be complete by
the end of June. An on-demand Webcast titled "NuMobile Acquisition
Plan Update Webcast" providing more information on the proposed
transaction is posted to the Company's website,
www.numobileinc.com. The anticipated structure of the acquisition
is intended to position NuMobile to execute one to two more
acquisitions during the next year in order to pursue a national
exchange listing. In the course of the Shenzhen meetings, NuMobile
plans to meet with an additional strategic acquisition opportunity.
About NuMobile, Inc. (www.numobileinc.com) NuMobile
(PINKSHEETS: NUBL) (OTCQB: NUBL) 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 trading on the OTC Markets Group, Inc.'s OTCQB market
tier.
"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 or China Crescent'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 Email Contact
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