LOUISVILLE, Ky., Dec. 19, 2013 /PRNewswire/ -- NuMobile Inc. (OTC:NUBL) today announced that it has acquired Priority One Jets, Inc. in an all stock transaction. In conjunction with the acquisition, NuMobile will effect a 1,000 for one reverse split and change its name to Priority Aviation. The reverse split is subject to regulatory approval. After the split and the share exchange with the Priority One shareholders, the Company will have approximately 66,000,000 shares issued and outstanding.
Priority One Jets is a full service aviation company that provides on demand air charter, jet charter membership cards, and aircraft sales for business, leisure or government travel. Priority One had approximately $7,000,000 in revenue in its last fiscal year.
NuMobile president Jim D. Tilton, Jr. will continue with the company as Chief Financial Officer and Priority One CEO Peter Minikes will become CEO.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.