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NuMobile, Inc. Partnership to Penetrate Smartphone Market in China with Apple iPhone Launch Anticipated in 4th Quarter to Be Featured in Exclusive On-Demand Webcast Tomorrow
2009-09-24 15:00 ET - News Release
Also News Release (U-CCTR) CAPE COASTAL TRADING
CARY, NC -- (MARKET WIRE) -- 09/24/09
NuMobile, Inc. (OTCBB: NUBL) recently announced a partnership with China Crescent Enterprises, Inc. (OTCBB: CCTR), a systems integrator and technology service provider in the Chinese market reporting approximately $40 million in annual revenue for the past two years. NuMobile's proprietary software product offerings for the smartphone and mobile computing market coupled with China Crescent's established operations in the region have prepared the companies for the smartphone market boom expected in China with the 4th quarter release of Apple's iPhone. In response to the impending release of the iPhone competitors are preparing to release their own smartphone products and applications. Smartphone growth in China is expected to top 40% next year and maintain a healthy 30% growth rate through 2013. During an on-demand Webcast tomorrow, September 25th, management plans to discuss the Company's partnership with China Crescent as well as its proprietary software product offerings.
In the Webcast, Management is also scheduled to update shareholders on the Company's aggressive roll-up plan to include the pending acquisition of Stonewall Networks, Inc. and recent acquisition of Enhance Network Communication, Inc. Enhance has developed a proprietary large enterprise network security technology designed for managing the unique information management requirements of network delivered government services and has a potential $20 million contract under development that could be executed as early as year-end.
Finally, the Webcast is also scheduled to include an update on the Company's previously suggested fair value target PPS of $0.25.
A link to the on-demand Webcast will be posted to the corporate website
www.numobileinc.com tomorrow 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 Stonewall Networks, Inc. (
www.stonewallnetworks.com)
Stonewall Networks, Inc. is an IT security product company founded in 2005. The Company's main product, Cornerstone Security Management Platform, provides a total security management vision for enterprises. The Stonewall Networks team is built from IT security and network management experts recognized for their work on management software for many of the world's largest hardware vendors.
About Enhance Network Communication, Inc. (
www.enetcom.net)
Enhance is headquartered in Cupertino, California and currently reports approximately $1.2 million in profitable annual revenue. Enhance has developed a proprietary large enterprise network security technology designed for managing the unique information management requirements of network delivered government services. School districts make up the majority of Enhance's current customer base. Early product testing is currently underway with a new prospective client.
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