(NUBLD) NuMobile Diversifies $20 Million Revenue Objective in Business Plan Refresh With New Timeframe Targets and Improved Grow
23 Settembre 2010 - 4:00PM
Marketwired
NuMobile, Inc. (OTCBB: NUBLD) released a letter to shareholders
yesterday from incoming CEO David Lee providing updates on the
Company's $20 million revenue objective and refreshed timeline and
sales growth initiatives in the Chinese and African mobile
computing and service markets. NuMobile is scheduled to release a
Webcast presentation tomorrow to provide further updates on its
initiatives in the Chinese market preceding its strategic summit
meeting in China next week. The Webcast presentation will be posted
to the NuMobile website www.numobileinc.com upon release.
Summit Meetings in Shenzhen China Next
Week
NuMobile is participating in summit meetings next week in
Shenzhen, China, hosted by its Greenfield Partner China Crescent
Enterprises, Inc. (OTCBB: CCTR). The meetings will be conducted at
the offices of China Crescent's original design manufacturing (ODM)
subsidiary and will focus on advancing the previously announced
$160 million letter of intent for custom Wi-Fi devices into a
definitive agreement. During the meetings, management is expected
to review progress on the $1.6 million ODM purchase order the
Company received from a confidential Japanese customer for 100 sets
of a special purpose Wi-Fi communication device. Based on a formal
letter of intent, the Japanese customer has committed to purchase
10,000 of the custom Wi-Fi devices for a total of $160 million over
the next three years, subject to the performance of the first 100
sets.
NuMobile has been selected by China Crescent to provide a key
proprietary software component for the project. Early customer
reports indicate the current contract is on track to support the
$160 million letter of intent being consummated into the intended
contract that would result in $160 million in combined revenue to
China Crescent and NuMobile. The outcome of the meetings will be
reported in a Webcast presentation following the meetings.
Incoming CEO Letter to Shareholders
NuMobile released a letter to shareholders from incoming CEO
David Lee yesterday addressing the Company's $20 million revenue
plan for 2011 and highlighting sales growth initiatives in China
and Kenya in East Africa. The letter is available in its entirety
on the corporate website www.numobileinc.com or directly here:
http://www.numobileinc.com/lts_9_22_10.html.
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 China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent is a systems integration service
provider that markets technology outsourcing services in China
including the sale and service of brand name technologies such as
Microsoft, Cisco, IBM, HP and Dell. Following a strategic
acquisition last year, the Company expanded its business line to
include original design manufacturing (ODM). China Crescent
reported $45 million in profitable revenue in 2009 after reporting
over $40 million in revenue for both 2007 and 2008 and has set a
goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen,
Dalian and Beijing, China Crescent bridges the gap between global
business cultures to assist clients worldwide realize the
advantages of the high quality, low cost technology products and
services available from China. China Crescent also assists clients
in localizing products and services to realize the tremendous
growth potential available by expanding into the Chinese
Market.
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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