(NUBLD) "NuMobile Is Fully Reporting," Says Incoming CEO in Shareholder Letter Updating $20 Million Revenue Plan, "The 'D' Is a
22 Settembre 2010 - 6:19PM
Marketwired
NuMobile, Inc. (OTCBB: NUBLD) today released a letter to
shareholders from incoming CEO David Lee. In the shareholder
letter, Mr. Lee discusses the Company's $20 million revenue plan
and explains the temporary symbol change from 'NUBL' to 'NUBLD'. He
further highlights upcoming business development meetings in
Shenzhen, China, and Kenya in East Africa to advance projects in
both regions. The letter is available in its entirety below:
Dear Shareholders and Interested Investors:
I joined NuMobile in March and skipped the honeymoon. NuMobile
was a work in progress and had recently closed two acquisitions
shortly before I came on board. I went straight to work on getting
my arms around the proprietary technologies secured through the two
acquisitions and the strategies to realize a return on investment
from the development of the two companies' technologies. We have
just recently completed an organizational restructuring and
recapitalization to further advance the Company toward its
smartphone and mobile computing industry objectives. My letter
today is intended to communicate a brief overview of the highlights
of the updated business plan behind the restructuring and
recapitalization. Look for more detailed communications on specific
aspects of the updated plan coming over the next several weeks.
Temporary Symbol Change From 'NUBL' to 'NUBLD'
NuMobile is a fully reporting company with audited financial
statements. Many times a fifth letter designation is intended to
indicate a corporate deficiency such as a delinquent financial
report or a bankruptcy. Accordingly, we have received shareholder
questions in response to the recent symbol change inquiring as to
what might be wrong. Nothing is wrong. As part of the Company's
restructuring and recapitalization plan to support a refreshed and
updated business plan, NuMobile has affected a reverse stock split.
The recently affected reverse split is memorialized by a temporary
symbol change to 'NUBLD'. The 'D' is a temporary fifth letter
indicating a recent reverse split. The symbol should revert to NUBL
in approximately two weeks.
$20 Million Revenue Plan
We are gaining sales traction with the Company's recently
acquired proprietary technology. The Company has previously
discussed an opportunity to potentially achieve $20 million in
revenue in 2010 as a result of a key customer opportunity that was
already under development at the time one of the two companies was
acquired. In fact, the acquisition agreement includes terms
specifically addressing the key customer opportunity.
The key customer opportunity remains viable, but clearly it has
not yet materialized. I have now had ample time to personally
become involved in the key customer opportunity under development.
The project's course is not unusual in regard to the challenges and
delays that can be encountered when implementing an innovative new
technology. We are currently making some course direction changes
on the key customer opportunity based on the latest project
progress. More information on approach changes to the key customer
project will be forthcoming in the near future.
Achieving $20 million in annual revenue early on in the
development of an early stage technology company is an aggressive
goal. The opportunity for NuMobile to achieve $20 million in annual
revenue early on in the Company's development of its smartphone and
mobile computing strategy has been based on a key customer
opportunity. I remain confident in NuMobile's potential to achieve
$20 million in annual revenue early on. Just not as early on and
not from a single source.
NuMobile's refreshed and updated business plan is solidifying an
aggressive revenue growth objective of $20 million in annual
revenue. The plan is now based on sales growth resulting from the
integration of the Company's current and prospective proprietary
technologies across numerous customer accounts instead of one key
account. The $20 million annual revenue objective resulting from a
diverse variety of customer accounts is moved from 2010 to
2011.
NuMobile has the potential to possibly realize significant sales
growth that could dramatically exceed the $20 million annual
revenue objective. For instance, NuMobile is involved in a $1.6
million pilot project in China that if successful could result in
NuMobile being part of a $160 million contract. NuMobile also has a
number of acquisition opportunities in its pipeline that could be a
catalyst to explosive growth. We will continue to communicate these
growth opportunities, but otherwise maintain a 2011 revenue
objective based on current resources and progress.
South America, Africa, China and Southeast Asia
NuMobile's aggressive growth opportunities are enhanced by
market access to sell the Company's proprietary technology
solutions into high growth emerging economic regions. NuMobile is a
participant in the NewMarket Greenfield Partnership Program.
NewMarket Technology, Inc. (PINKSHEETS: NWMT), along with other
Greenfield Partners, has operations in South America, Africa, China
and Southeast Asia. NuMobile already has projects underway in
Africa with Greenfield partner Savanna East Africa, Inc.
(PINKSHEETS: NVAE) and in China with China Crescent Enterprises,
Inc. (OTCBB: CCTR). We have strategic meetings with China Crescent
in Shenzhen next week. Look for a Webcast release on our website
this Friday to hear more about the agenda and objectives for next
week's meetings in China. Next month we are scheduled to have
strategic next step meetings in Kenya. Look for more communications
on those upcoming meetings to be available soon.
Risk and Reward with Early Stage Over-the-Counter
Investments
NuMobile is an early stage operation developing a portfolio of
innovative technologies. All of us are very optimistic about the
Company's prospects for success. However, industry statistics cast
a shadow on our likelihood of success. We are an over-the-counter
quoted public company. We have pursued a public venue to have
access to investment to develop our business plan. I believe and
want to communicate to you my belief that over-the-counter market
investment strategies should differ from national exchange
investment strategies. I subscribe to the milestone investing
school of thought suggested by the founders of NewMarket
Technology. In short, investment strategies should include a plan
to achieve potential returns that can result from periodic price
per share increases when an early stage over-the-counter company
meets interim development milestones. I encourage you to visit
NewMarket's website www.newmarkettechnology.com to learn more and
Small Equity Initiative at smallequity.com. We want you to succeed
with your investment objectives for NuMobile.
Best Regards,
David Lee Incoming CEO NuMobile,Inc.
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.
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Contact: NuMobile, Inc. Sales 817-410-5735 sales@numobileinc.com
Investor Relations 214-722-3042 ir@numobileinc.com
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