(NUBL) NuMobile CEO to Discuss $5 Million Acquisition Anticipated Next Week and Recent Presentation at Nairobi Serena Hotel Made
04 Novembre 2010 - 6:45PM
Marketwired
NuMobile, Inc. (OTCBB: NUBL) presented last week at the Nairobi
Serena Hotel in Kenya during the Greenfield Partnership Program
Trade Mission to East Africa. Monday, November 8th, the Company has
scheduled a Webcast presentation to discuss both the recent Trade
Mission and preview of milestone events anticipated in the 4th
quarter of 2010 to include pending acquisition activity.
NuMobile is in the final stages of completing the acquisition of
a Kenya-based mobile wallet operation expected to add $5 million in
annualized revenue initially and support NuMobile's plans to
achieve $20 million in annual revenue in 2011. This potential
acquisition would expand NuMobile's service offerings, targeting an
industry that is expected to grow to $8 billion by 2012. According
to McKinsey Quarterly, there are 1 billion people in emerging
markets with a mobile phone but no access to banking, a number that
is expected to nearly double by 2012. In 2012, there could be as
many as 360 million mobile money users generating $5 billion
annually in direct revenue and an additional $3 billion in indirect
revenue. (Source: http://tinyurl.com/37z9vu3).
In addition to reviewing the recent Trade Mission and the
anticipated mobile wallet acquisition, the Webcast is expected to
include other updates on NuMobile's expansion efforts into the
growing East African markets. For example, NuMobile has partnered
with Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) on
a wireless, real-time utilities metering initiative in East Africa.
Savanna East Africa is a Greenfield partner company focused on the
East African markets and that hosted the recent Trade Mission.
The presentation on Monday is also slated to include an update
on the role NuMobile has in a Wi-Fi communication device project
out of China. NuMobile has been selected by fellow Greenfield
partner China Crescent Enterprises, Inc. (OTCBB: CCTR) to provide a
key proprietary software component for a special purpose Wi-Fi
communication device. The customer, an undisclosed Japanese firm,
has already placed a $1.6 million purchase order for 100 sets of
the 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.
A link to the Webcast scheduled for Monday will be published to
NuMobile's website and emailed to the NuMobile opt-in email
database 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.
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Contact: NuMobile, Inc. Sales 817-410-5735 Email Contact
Investor Relations 214-722-3042 Email Contact
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