NuMobile, Inc. (NUBL) Releases Letter to Shareholders From Incoming CEO on Business Plan Progress
March 15 2011 - 9:52AM
Marketwired
NuMobile, Inc. (OTCQB: NUBL) today released a letter to
shareholders from incoming CEO David Lee reviewing the Company's
progress since announcing an updated business plan, including an
update on acquisitions and organic development to-date.
Additionally, the letter provides a brief discussion of the
over-the-counter market and upcoming scheduled publication of the
Company's 2010 financial performance results. A Webcast is planned
for this Thursday, March 17 to review the topics touched on in
today's letter. A link to the Webcast will be made available on
NuMobile's corporate website, www.numobileinc.com, upon release.
The letter is included in its entirety below.
Dear Shareholders -
NuMobile has made good progress in 2010 further developing its
refreshed business plan introduced in 2009. The Company acquired
two proprietary mobile technologies and entered into the organic
development of two strategic mobile solutions. NuMobile also
continues to develop additional acquisition opportunities to
further expand the Company's portfolio of Smartphone and mobile
computing solutions. Revenue has not ramped up as quickly as we had
hoped, and the price per share range requires shareholders to
consider investment strategies suited for sub-penny stocks quoted
on over-the-counter market. On Thursday, I will conduct a Webcast
to provide updates on the Company's progress in 2010 and our
evolving strategy to develop a portfolio of Smartphone and mobile
computing solutions.
Stonewall and Enhance
Stonewall and Enhance are NuMobile's first two acquisitions.
Both companies are early stage with minimal revenues at this time.
The minimal sales result from early trials of the proprietary
technologies. We are reviewing the progress of each to-date and
updating our go- forward plans accordingly. Listen to my Webcast
later this week for further information.
Organic Development
NuMobile is participating in the development of a wireless
network in East Africa to help manage metering of the delivery of
utilities. The project is in a pilot stage at this time. NuMobile
is also participating in the pilot of a proprietary Wi-Fi solution
in Asia. This particular pilot and developing opportunity has
recently sparked conversations regarding a possible acquisition in
China. This could be an exciting opportunity for NuMobile and I
look forward to sharing more in my Webcast Thursday.
Over-The-Counter Market
The over-the-counter (OTC) market has undergone some dramatic
changes over the past two years and continues to experience
substantial changes. It is important for the Company, and for the
shareholders, to be aware of the changes. In the Thursday Webcast,
I will highlight some of the market changes I believe are
significant and provide resources where more information can be
found.
NuMobile is undergoing an audit of its 2010 performance at this
time and the results are expected to be published soon. I expect a
number of strategic announcements following the publication of the
2010 results, to include my formal installation as the Chief
Executive Officer. At the moment I continue as the incoming CEO. I
will further discuss my current and future role with NuMobile in
the Webcast this Thursday. I hope you will take time to come to the
Company's website after the Webcast is posted and hear more about
NuMobile.
Thank you,
David Lee Incoming CEO
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
(OTCQB: NUBL) (PINKSHEETS: 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 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. Email Contact 817-410-5735 Investor
Relations Email Contact
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