World Mobile Holdings, Inc. Completes Order for Signage Media Player System and Announces the Merger Plan
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwired) -- 01/08/14 --
World Mobile Holdings, Inc. (OTC Pink: WMHI), a global leader in developing Image Transmission Devices (ITD), Lithium-Iron (LiFePO4) Battery Modules, and Solutions Integration for major wireless carriers around the world, is pleased to announce a new order to build a Multimedia Signage System for China Mobile, Shanghai. All hardware was delivered to the client at the end of 2013 and the entire system is expected to be completed by the end of January 2014.
World Mobile Holdings Inc. is also announcing plans to acquire a factory in China which owns a Nanotechnology for lithium iron phosphate powder which is the upstream core material used in the manufacturing of advanced LiFePO4 batteries. This Nanotechnology has been patented in China and World mobile Holdings Inc. will apply for new global patents upon the completion of the merger. The merger is expected to close by the end of Q2, 2014.
"We are proud to announce this news to our shareholders and potential investors. This Nanotechnology makes our lithium iron phosphate powder more quality stable and more price competitive than the existing three other powders with global patent, so it will make our LiFePO4 batteries in higher quality & more price competitive than all others in the market.
"The establishment of the assembly plant is scheduled to be completed in 2014 Q3 so the sales revenue of LiFePO4 batteries in U.S. is expected to be increased vastly & rapidly," commented Jason Hu, Board Chairman and CEO of World Mobile.
About World Mobile Holdings Inc:
World Mobile Holdings, Inc. provides effective processed system, and customized systems integration, such as, integration of Surveillance Systems & Multimedia Signage, integration of Lithium-Iron Battery (LiFePO4) Modules, and systems for nursing & medical centers. Cooperating with the world's leading wireless operators, World Mobile's B to B business model has valuable assets to assist the major wireless operators around the world in fulfilling their needs of 3.5G and 4G / 5G wireless information services in order to satisfy their customers.
Certain statements in this news release are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "estimates," "expect," "future," "intends," "may," "plans," "should," and "will."
For more information, please contact:
World Mobile Holdings Inc.
Ms. Samantha Jen
Network 1 Financial Securities, Inc.
The Galleria, Penthouse
2 Bridge Avenue, Building 2
Red Bank, NJ 07701
Member FINRA, SIPC
Source: World Mobile Holdings, Inc.
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