CARY, NC, Feb 25, 2010 NuMobile, Inc. (OTCBB: NUBL) today announced plans to kick off its part of a special purpose Wi-Fi pilot in conjunction with China Crescent Enterprises, Inc.’s (OTCBB: CCTR) upcoming Pacific Rim Conference. NuMobile has been selected by China Crescent to provide a key proprietary software component in a special purpose Wi-Fi solution. China Crescent announced receiving a $1.6 million original design manufacturing (ODM) purchase order from a confidential Japanese customer for 100 sets of a special purpose Wi-Fi communication device. Based on a formal letter of intent, the Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million dollars over the next three years, subject to the performance of the first 100 sets. During the China Crescent Pacific Rim Conference, scheduled for the week of March 8, 2010 in Shanghai, NuMobile will have the opportunity to meet with representatives of the client. China Crescent is NuMobile’s strategic partner in China and the two companies have formed a partnership to sell, service and market NuMobile’s products in China, including its smartphone and mobile computing solutions.
Technical outlook: CCTR is holding up very nicely in this morning’s trading so far. We have strong support levels that .018 and minor resistance at .03. Traders and investors will be focused in on these levels over the next couple trading days .
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.
