FORT WORTH, TX--(Marketwire - May 17, 2011) - NuMobile, Inc. (PINKSHEETS: NUBL) recently announced a letter of intent to acquire an original design and manufacturing company based in Shenzhen, China with approximately $22 million in annual revenue. Last week, NuMobile released a Webcast, "NuMobile Acquisition Plan Update Webcast," providing more information on the proposed transaction. The anticipated structure of the acquisition is intended to position NuMobile to execute one to two more acquisitions during the next year in order to pursue a national exchange listing. The Webcast is posted to the Company's website, www.numobileinc.com. The purpose of today's announcement is to inform shareholders and interested investors of the availability of the on-demand Webcast on the Company's corporate website.
About NuMobile, Inc. (www.numobileinc.com)
NuMobile (PINKSHEETS: NUBL) 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 trading on the OTC Markets Group, Inc.'s OTCQB market tier.
"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 or China Crescent'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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