(NUBL) NuMobile Schedules Webcast to Present Recent Acquisition in Africa to Enter Mobile Banking Market Anticipated to Reach $8
03 Dicembre 2010 - 3:13PM
Marketwired
NuMobile, Inc. (OTCBB: NUBL) has scheduled an on-demand Webcast for
next Tuesday, December 7 to present the Company's African mobile
banking strategy. Yesterday, NuMobile announced the acquisition of
Kruze Technologies, Ltd. in Nairobi, Kenya. This is the first of
two acquisitions planned to establish a foothold for NuMobile in
the rapidly growing mobile banking market in Africa. A link to the
Webcast will be posted to the corporate website www.numobileinc.com
upon release.
New York Times Reports Mobile Banking Customers
to Surge to 894 Million
In a November 28th article titled 'Mobile Banking in the
Emerging World,' the New York Times reported, "Globally, the number
of mobile banking users is expected to surge more than sixteenfold,
to 894 million by 2015 from 55 million in 2009, according to Berg
Insight, an industry research firm based in Stockholm." The
complete article is available at: http://tinyurl.com/32y7nhu.
McKinsey Quarterly Anticipates Mobile Banking
to be $8 Billion Market 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).
Greenfield Partnership Program
NuMobile is a member of the NewMarket Technology, Inc.
(PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield Partnership Program.
The Greenfield program was launched in 2009 to accelerate the
introduction of new technologies into emerging markets around the
world where technology buying is on the rise, while improving
return on investment (ROI) potential. The Greenfield program
assists in providing startup and development stage partner
companies the collaboration opportunities and support necessary to
win key contracts and grow their businesses. Companies are chosen
to participate in the partnership program based on their technology
and service offerings in conjunction with the emerging geographic
markets in which they currently participate, such as China, Latin
America and East Africa.
NuMobile was recently featured in a NewMarket Technology Third
Quarter Review Webcast as well as the Third Quarter Review of its
Greenfield partner, China Crescent Enterprises, Inc. (OTCBB: CCTR).
NuMobile's wireless broadband utility metering project in East
Africa was presented in NewMarket 's Webcast, which also included a
review of other ongoing NuMobile projects in East Africa and China.
NuMobile's contribution to a $1.6 million pilot project in
partnership with China Crescent was featured in both the NewMarket
Webcast and again in China Crescent's third quarter performance
review Webcast.
The Webcasts are available for on-demand viewing through the
links below: NewMarket 3rd quarter review Webcast:
http://tinyurl.com/Q3Webcast China Crescent 3rd quarter review
Webcast: http://tinyurl.com/CCTRQ3Webcast
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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