CARY, NC--(Marketwire - July 21, 2009) - NuMobile, Inc. (
OTCBB:
NUBL) today released a
letter to shareholders from Hugh G. Robinson, Retired Major General and
former Chairman of the Dallas Federal Reserve. The Company recently
announced Mr. Robinson as a new member of the Board of Directors. Mr.
Robinson is also on the board of directors of NewMarket Technology, Inc.
(
PINKSHEETS:
NMKT). NewMarket has entered into a partnership with NuMobile
to assist NuMobile in the execution of its strategy to create a
comprehensive and global mobile computing technology business. Over the
past year, NuMobile has developed a roll up strategy to build a portfolio
of software solutions for the smartphone and mobile computing market. An
acquisition campaign is underway and the Company has already signed its
first sales contracts toward a $1 million first year revenue objective.
New Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a
retired Major General with a distinguished career serving in the United
States Army. Among other prestigious posts, Mr. Robinson served as
President Lyndon Johnson's military aide de camp. In addition to his public
service experience, Mr. Robinson's career has included extensive executive
management experience with senior positions at Southland Corporation and
City Place Development Corporation. He is a graduate of the United States
Military Academy at West Point and earned a Masters Degree in Civil
Engineering from the Massachusetts Institute of Technology (MIT). In
addition to his role at NuMobile Interests, Mr. Robinson currently serves
on the board of Carmax, Inc., the LBJ Foundation and the Better Business
Bureau.
Dear Shareholders,
I am enthusiastic about the opportunity to be part of NuMobile for a number
of reasons. Let me explain.
For the first half of my professional career, I worked for the government
serving both in military and civilian capacities. My time in the military
included four years in a Presidential staff position. My civilian
government service has been largely centered on fiscal policy serving
ultimately as the Chairman of the Dallas Federal Reserve.
In the last ten years, I have more and more dedicated my time to mentoring
early stage companies. I like to believe my organizational management
experience, financial background and business network have been of value to
these early stage companies. I hope I have added value, because I know I
have benefited greatly and in a much unexpected manner.
In my early stage business experience, I have been reeducated. After all
my senior government and big business experience, I now have an entirely
new perspective on the roll of the high growth entrepreneurial business
sector in the overall global economy. The high growth entrepreneurial
business sector is vital to the world's economic landscape more now than
ever and I am of the unfortunate opinion that the world's leaders are
overlooking the critical nature of this important business sector.
With my executive branch experience and insight, and with my fiscal policy
experience and insight, I can bring a unique contribution to the high
growth entrepreneurial business sector. I am working to raise the
visibility of the otherwise overlooked high growth entrepreneurial sector
with policy makers. More importantly, I am working directly with high
growth entrepreneurial companies to help them strategize around the current
market place and policy road blocks.
I have enjoyed working with NuMobile management, the Stonewall founders
(NuMobile's first acquisition) and the NewMarket partners to construct a
rollup strategy in the smartphone and mobile computing sector. I believe
the plan of attack is sound. I have confidence in the leadership to be
prepared to react to the inevitable business plan ambushes and to regroup,
reorganize and proceed onward toward stated objectives.
I am not a technology expert, but I don't think I need to be a technology
expert to recognize the opportunity here when smartphone industry leaders
and makers of the iPhone and Blackberry have both realized share price
increases this year in excess of 60%. Stonewall's technology can be of
value to every smartphone user. And Stonewall's technology is only the
first in a plan to build a growing portfolio of mobile software
applications.
I am now invested in the NuMobile vision to build a portfolio of innovative
mobile applications. Start-ups have a
fifty-fifty chance at best of succeeding to long-term sustainability. I am
of the opinion that NuMobile will be a success story. I know, long term
success or not, that NuMobile, as part of the larger high growth
entrepreneurial business sector, will provide a valuable benefit to the
economy. I am also confident, that long term success or not, that NuMobile
can provide a substantial return on investment opportunity on small, short
horizon investments.
Best Regards,
Hugh Robinson
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"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.
Contact Information: Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com