(NUBL) NuMobile Schedules Webcast to Provide Update on Key Stakeholders Meeting in China to Advance Strategic Acquisition
June 07 2011 - 10:30AM
Marketwired
NuMobile, Inc. (PINKSHEETS: NUBL) (OTCQB: NUBL) has scheduled a
Webcast for release to its corporate website www.numobileinc.com
next Wednesday, June 15th. This week key stakeholders are
conducting meetings in China 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. 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. Email Contact 817-410-5735 NuMobile,
Inc. Investor Relations Email Contact
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