Contact Information: Contact: NuMobile, Inc. Investor Relations 214-556-5927 ir@numobileinc.com
NuMobile, Inc. to Review Substantial PPS Increase Potential to $0.25 Suggested Fair Value Target With Second Milestone Acquisition Closed and Filed in Form 8-k
Tuesday Webcast Scheduled to Review $0.25 PPS Suggested Fair Value Target
| Source: NuMobile, Inc.
CARY, NC--(Marketwire - October 16, 2009) - NuMobile, Inc. (OTCBB : NUBL ) has filed a SEC form
8-k disclosure statement on its milestone acquisition of Stonewall
Networks, Inc. (www.stonewallnetworks.com). The Stonewall acquisition is
the second acquisition for NuMobile in its aggressive smartphone and mobile
computing software company roll-up strategy to build a portfolio of mobile
software solutions. Stonewall Networks has developed a proprietary software
solution for mobile network security, including an innovative security
policy management product for enterprise customers.
NuMobile also recently announced the acquisition of Enhance Network
Communication, Inc. and a corresponding potential $20 million contract.
Enhance has developed a proprietary large enterprise network security
technology designed for managing the unique information management
requirements of network-delivered government services. Additionally,
NuMobile has announced an anticipated third acquisition involving a
commercial software application distributed across a mobile phone network.
A letter of intent is pending and anticipated shortly.
Tuesday Webcast Scheduled to Review $0.25 PPS Suggested Fair Value Target
NuMobile has scheduled a Webcast for Tuesday, October 20th, to review the
Company's recent milestone acquisitions and a previously announced $0.25
suggested fair value target price per share. A link to the Webcast will
available on both the corporate website homepage and investor relations
page at www.numobileinc.com upon release.
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.