NuMobile Announces Smartphone and Mobile Computing Software Launch in China

NuMobile, Inc. announced that the Company's smartphone and mobile computing software launch in the Chinese market will be featured in an upcoming Webcast, scheduled for release on Thursday, October 15th. This move is part of the Company's strategic partnership with China Crescent Enterprises, Inc., a systems integration service provider in China. NuMobile is meeting with its partner in Shanghai this week to discuss further business opportunities.

Key Takeaways:

• NuMobile is launching its smartphone and mobile computing software in the Chinese market, with the launch to be featured in an upcoming Webcast.
• The Company is meeting with its strategic partner, China Crescent Enterprises, Inc., in Shanghai to discuss further business opportunities.
• NuMobile anticipates signing a substantial contract before the end of 2009, worth an estimated $20 million with a $8 million gross margin.
• The Company has recently announced the acquisition of two software companies with proprietary technology focused on mobile network security.
• NuMobile is planning a third acquisition involving a commercial software application distributed across a mobile phone network.
• A letter of intent is pending for the third acquisition and is anticipated shortly.
• The Company has partnered with China Crescent Enterprises, Inc. in the Chinese market.

Statistics:

• Estimated contract value: $20 million
• Gross margin: $8 million
• Number of acquisitions: 3 (including two already closed)
• Number of software companies acquired: 2
• Estimated revenue from the contract: $20 million
• Gross margin percentage: 40%
• Timeframe for signing the contract: before the end of 2009
• Number of mobile phones sold into emerging economies: substantial

Sources:

• NuMobile, Inc.
• China Crescent Enterprises, Inc.
• SmarTrend (www.mysmartrend.com)
• Comtex News Network, Inc. (www.supernova.mynfl.com)
• Marketwire (MARKETWIRE via COMTEX)