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LAS VEGAS, Dec. 12, 2013 (GLOBE NEWSWIRE) -- Xumanii (DBA Imerjn) (OTCQB:XUII), announced that it has signed a Letter of Intent to acquire NTIH, an established provider of VOIP and mobile communications services to emerging markets. NTIH has historic revenues exceeding $20 million.
NTIH has operations in the United States and China and serves emerging markets in Asia, South America and the Middle East. Imerjn CEO, Adam Radly, said, "NTIH gives us an exposure to emerging markets through the one market segment we know will grow significantly in all emerging markets - wireless mobile technology."
Mr. Radly also said, "The acquisition of NTIH also provides us with the opportunity to become a virtual mobile network operator - by utilizing the mobile infrastructure of other mobile carriers - in certain emerging markets while these markets are still at an early stage of development. There is also an opportunity to establish retail GSM networks and expand existing SMS services."
The International Data Corporation is forecasting that emerging market demand will dominate demand for smart phones. There was an almost equal geographic distribution between developed markets and emerging markets (with 48% of mobile shipments going to developed countries versus 52% going to emerging markets) in 2011 but this changed in 2012 when 60% of total smart phone shipments went to emerging markets. This phenomenon is expected to continue as forecasts from IDC expect that 70% of all smart phones shipped by 2017 will be consumed by emerging markets.
Imerjn will also develop strategies to deliver versions of its recently announced Imerjn branded tablet computer into these markets.
Imerjn recently announced its entry into the tablet computer market with an Imerjn branded tablet and also announced the acquisition of an issued patent relating to technology that enables mobile transaction processing. Imerjn CEO, Adam Radly, said, "The acquisition of NTIH represents a significant milestone in our strategy to build an integrated mobile technology company."