20 December 2013
NuMobile Inc. (OTC: NUBL) said 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. NuMobile president Jim D. Tilton, Jr. will continue with the company as chief financial officer and Priority One CEO Peter Minikes will become CEO.
NuMobile operates as an information technology company primarily in the United States. The company was formerly known as Phoenix Interests, Inc. and changed its name to NuMobile, Inc. in July 2009. NuMobile, Inc. was founded in 1999 and is based in Louisville, Kentucky. The company´s website is at http://www.numobileinc.com.