(NUBL) NuMobile Mobile Banking Expansion in Africa Highlights $20 Million Innovative Strategy
13 Gennaio 2011 - 4:14PM
Marketwired
NuMobile, Inc. (OTCBB: NUBL) today released a statement from
incoming CEO David Lee.
"NuMobile's proprietary mobile application user management
software, Cornerstone, is currently being tested in a number of
exciting pilots, including ones with the National Guard and a major
telecommunications company. Separate from our Cornerstone solution,
we have a number of additional pilot programs to include the
solution we are providing to support China Crescent's $1.6 million
Wi-Fi contract that has the potential to turn into a $160 million
contract for China Crescent. With NuMobile's recent entry into the
mobile banking market in Africa, I am confident in the Company's
potential to achieve its $20 million annual revenue objective for
2011."
David Lee joined NuMobile last year to organize and manage the
Company's innovative strategy to build and develop a portfolio of
smartphone and mobile computing technologies. Mr. Lee has been
acting in the CEO role since joining the Company. His permanent
role as CEO is anticipated to be formalized by February 1st.
2011 Business Plan Webcast
Last week, NuMobile released a Webcast hosted by David Lee
presenting the Company's most recent business plan updates for
2011. The Webcast agenda features NuMobile's mobile banking
expansion in East Africa, including the Company's first
acquisition, Kruze Technologies, LTD, the first of two planned
acquisitions in the mobile banking sector. The Webcast also
includes a review of additional business plan updates and more
detail behind the $20 million annual revenue objective for
2011.
A link to the on-demand Webcast is available at the NuMobile
corporate website, www.numobileinc.com
Webcast Review of African Mobile Banking
Acquisition and 2010 Performance Highlights
In December, NuMobile also released an on-demand Webcast that
provides a review of the Company's recent acquisition of Kruze
Technologies, LTD in Nairobi, Kenya. The Kruze acquisition is the
first of two that have been planned to establish a foothold for
NuMobile in the rapidly growing mobile banking market in Africa.
The Webcast also includes a review of project opportunities
NuMobile has gained through participation in the NewMarket
Technology Greenfield Partnership Program, including a $1.6
million, 100-unit Wi-Fi device pilot project with China Crescent
Enterprises, Inc. (OTCBB: CCTR). Based on a formal letter of
intent, the 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 units.
The Webcast is available for on-demand viewing through the
Company's corporate website www.numobileinc.com or directly at
http://tinyurl.com/NUBLMOBILEBANKING.
PPS, ROI and The OTC(BB) Factor Webcast
NuMobile was also recently featured in a Greenfield Partnership
Program Webcast available for on-demand review now at
http://tinyurl.com/GFWebcast1221. The Webcast, titled "The OTC(BB)
Factor -- A Different Perspective On Achieving An ROI" discusses
the different types of companies quoted on the over-the-counter
market while suggesting different investment expectations
associated with each type and suggesting specific strategies to
achieve investment expectations.
2011 Greenfield Partnership Program
Videocast
NuMobile is slated to be featured in a 2011 Greenfield
Partnership Program that was scheduled for release this Friday,
January 14th. Due to scheduling conflicts, the videocast will be
released next week and a link will be posted to NuMobile's
corporate website Investor Relations page at www.numobileinc.com
upon release and a link will be emailed to the corporate opt-in
email database. Recent Webcasts and other communications are also
available for review on the NuMobile Investor Relations
webpage.
The Greenfield Partnership Program was launched more than a year
ago to support entrepreneurial, high growth companies in achieving
their operational and business objectives. The program has expanded
to include eight public and private companies so far and
anticipates an even more rapid expansion of member companies in
2011.
The Greenfield Partnership Program has been instrumental in
assisting member companies with fundraising and market penetration.
Additionally, the network of member companies has aided in the
expansion of companies' geographic reach and portfolio of
services.
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 NewMarket Greenfield Partnership
Program NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. 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.
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
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. Email Contact 817-410-5735 Investor
Relations 214-722-3042 Email Contact
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