(NUBL) NuMobile to Finalize Mobile Wallet Acquisition in November Following Africa Trade Mission
21 Ottobre 2010 - 4:37PM
Marketwired
NuMobile, Inc. (OTCBB: NUBL) incoming CEO David Lee will be in
Nairobi, Kenya next week as part of a NewMarket Technology, Inc.
(PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program
Trade Mission. During the Trade Mission, incoming CEO Lee intends
to finalize details on the planned mobile wallet acquisition the
Company expects to close next month. The mobile wallet operation,
headquartered in Nairobi, is currently generating approximately $5
million in annual revenue.
UNISDR and East African Trade Mission
The United Nations International Strategy for Disaster Reduction
(UNISDR) will join the Trade Mission next week in Nairobi, Kenya.
UNISDR is joining the Trade Mission for a pilot program intended to
urge private sector innovation and investment aimed at reducing
disaster risk.
To learn more about the Private Sector Disaster Reduction Pilot
Program announced last week, click on the link:
http://tinyurl.com/24o2jbb.
Progress Update Webcast Tomorrow
A Greenfield partners Webcast is scheduled for tomorrow, October
22nd to provide a progress report update on the program and
participant companies NuMobile as well as the Company's regional
partners Savanna East Africa, Inc. (PINKSHEETS: NVAE)(OTCQB: NVAE)
and China Crescent Enterprises, Inc. (OTCBB: CCTR). Additionally,
the Webcast will provide a preview of the program's Trade Mission
to East Africa next week.
A link to the Webcast will be posted to the NuMobile website
www.numobileinc.com and emailed to the corporate opt-in database
upon release.
NuMobile joined the Greenfield Partnership Program last year to
provide the Company access to sales opportunities in high-growth
developing economic regions around the world that the Company would
not otherwise have access to, including opportunities in the
Chinese and East African markets. The Greenfield Program
concentrates on early stage, rapid growth opportunities in the
world's emerging markets, with program participants in China,
Southeast Asia, South and Central America and East Africa, in
addition to a handful of program participants in North America.
Last year, NuMobile launched an updated business strategy to
build a portfolio of smartphone and mobile computing technologies
through an acquisition roll-up strategy and completed acquisitions
of Stonewall Networks, Inc. (www.stonewallnetworks.com) and Enhance
Network Communication, Inc. (www.enetcom.net). NuMobile recently
announced a revenue objective of $20 million in 2011 and signed a
letter of intent to acquire the mobile wallet operation in East
Africa.
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 Email Contact Investor Relations
214-722-3042 Email Contact
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