Wednesday, March 02, 2011 8:45:34 PM
The Company recently released an on-demand Webcast hosted by incoming CEO David Lee that provides a review of the Company's recent acquisition of Kruze Technologies, LTD in Nairobi, Kenya. The Kruze acquisition is the first of two that have been planned to establish a foothold for NuMobile in the rapidly growing mobile banking market in Africa. The Webcast also includes a review of project opportunities NuMobile has gained through participation in the NewMarket Technology Greenfield Partnership Program, including a $1.6 million, 100-unit Wi-Fi device pilot project with China Crescent Enterprises, Inc.(OTCBB: CCTR). Based on a formal letter of intent, the customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 units.
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