NuMobile, Inc. Announces $0.25 PPS Suggested Fair Value Target Price per Share Update and Reiteration in On-Demand
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CARY, NC, Oct 05 (MARKET WIRE) --
NuMobile, Inc.'s (OTCBB: NUBL) business strategy to build a portfolio of
security and software solutions for the global mobile computing and
smartphone market and suggested fair value target PPS of $0.25 were
recently featured in an online, on-demand Greenfield Program presentation.
As part of NuMobile's aggressive roll-up to build its portfolio of
solutions, the Company recently announced the acquisition of Enhance
Network Communication, Inc. Enhance is headquartered in Cupertino,
California and 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 and the
Company anticipates signing a sales contract through Enhance worth
approximately $20 million in the 4th quarter of 2009.
The Greenfield program has been developed to accelerate the introduction
of new technologies into emerging markets around the world where
technology buying is on the rise, while improving return on investment
(ROI) potential. NuMobile has been participating in the Greenfield
program this year with recently announced partnerships to enter the
emerging markets of China, East Africa and Latin America. A link to the
presentation is available on the Company's website www.numobileinc.com
under Investor Relations.
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 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.
Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com
Copyright 2009, Market Wire, All rights reserved.
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