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| February 22, 2010 09:58 AM EST | Reads: |
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CARY, NC -- (Marketwire) -- 02/22/10 -- NuMobile, Inc. (OTCBB: NUBL) today announced that the Company's mobile computing and smartphone solutions have been featured in an independent analyst report on NewMarket Technology, Inc. (PINKSHEETS: NWMT) rating NewMarket a 'buy' with a $1.47 target price per share recommendation. NuMobile is a member of the NewMarket Greenfield Partnership Program. A review of the Greenfield Program, including NuMobile, is included in the analyst report. Updates on NuMobile's business development progress, to include recently signing a letter of intent for a $20 million contract, will be reviewed in a Greenfield Partnership Program Webcast scheduled for release tomorrow, Tuesday, February 23rd, 2010.
NewMarket started the Greenfield Partnership Program to accelerate the introduction of new technologies into emerging markets around the world where technology buying is on the rise, while improving return on investment (ROI) potential. Greenfield Program participant companies have been chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they operate.
The independent analyst covering NewMarket is a Certified Financial Analyst (CFA) in accordance with the CFA Institute Code of Ethics and Standards for Professional Conduct. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. NewMarket engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
A link to the Greenfield Partnership Program Webcast will be published upon release tomorrow.
If you would like a copy of the report, please visit the Investor Relations section of the NewMarket website at www.newmarkettechnology.com or email ir@newmarkettechnology.com.
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 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.
Investor Relations
214-556-5927
Published February 22, 2010 Reads 872
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