NuMobile, Inc. Contemplated 4th Acquisition Anticipated to Expand Proprietary Technology Portfolio and Increase $20
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CARY, NC, Oct 29 (MARKET WIRE) --
NuMobile, Inc. (OTCBB: NUBL) today announced an anticipated fourth
acquisition in its aggressive roll-up strategy to build a portfolio of
mobile software solutions. NuMobile has already announced two
acquisitions and a letter of intent for a third acquisition. The two
acquisitions involve proprietary technology focused on mobile network
security and the potential third acquisition offers identity management
solutions for SaaS and Cloud computing. A Webcast is currently available
providing more information on the contemplated third acquisition at
www.numobileinc.com titled 'NuMobile - SecurAct LOI Webcast.'
NuMobile plans to further diversify its existing portfolio of software
applications with its fourth potential acquisition and expects the fourth
acquisition to further increase the Company's sales pipeline. NuMobile is
expected to release additional information on the potential fourth
acquisition soon.
As a result of recent acquisitions, the Company has also announced that it
anticipates signing its first substantial contract before the end of 2009
for an estimated $20 million and $8 million gross margin. The recently
announced potential third acquisition is anticipated to increase
NuMobile's existing $20 million sales pipeline by an additional $5
million.
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.
Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com
Copyright 2009, Market Wire, All rights reserved.
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