Contact Information: Contact: NewMarket Latin America, Inc. Investor Relations 214-722-3065 ir@newmarketlatinamerica.com
NewMarket Latin America, Inc. Announces RKM IT Solutions' Sale of Microsoft License to Banco Real, Banco de Desarrollo, C.A.
CEO Recently Interviewed on Wallst.net Discussing $30 Million Revenue Goal for 2008 and More Than $20 Million in Profitable Revenue From Operations in 2007
| Source: NewMarket Latin America
DALLAS, TX--(Marketwire - March 27, 2008) - NewMarket Latin America, Inc. (PINKSHEETS : NLAI )
today announced that RKM IT Solutions (RKM) has completed the sale of a
corporate Microsoft License for Servers and Workstations to Banco Real,
Banco de Desarrollo, C.A. of Venezuela under RKM's Microsoft Large Account
Reseller and Enterprise Software Advisor (LAR/ESA) partner status. The
entire revenue for the licensing will be realized in the first quarter of
2008. RKM's Microsoft sales increased 345% in their region last year over
the same period in the prior year due in part to the company's recent
upgrade to LAR/ESA partner status from Gold Partner. The period tracked was
from July 2007 to December 2007 compared to July 2006 to December 2006.
Additionally, RKM exceeded their Microsoft sales quota by 159% from July to
September 2007, and by 287% from October to December 2007.
Banco Real (www.bancoreal.com.ve) is a development bank focused on micro,
small and medium sized businesses. Banco Real has more than 7,000 accounts
and 4,000 open lines of credit.
RKM's Microsoft Partner Upgrade
In 2007, RKM's Microsoft partner status was upgraded to a LAR/ESA from Gold
Partner. LAR/ESA Partners significantly expand Microsoft's reach both
geographically and to the rapidly growing category of Mid-Market and
corporate customers. This recent partnership allows RKM to significantly
extend its existing Microsoft Gold partnership to offer high volume
licensing, specifically "Enterprise Agreement" (EA) and "Select" for
companies with more than 250 PCs and support services to large enterprise
and institutional customers. Prior to their selection to the LAR/ESA
Partner program, RKM has been a Microsoft Gold Partner since 2001, winning
the 2003 Microsoft Infrastructure Solution of the Year award in Venezuela.
NewMarket Latin America and RKM
NewMarket Latin America is in the process of consolidating RKM into the
Company and being brought current with its reporting requirements in order
to move back to the OTCBB. NewMarket Latin America is a
U.S.-based company headquartered in Sao Paulo, Brazil, with operations
being consolidated into the Company throughout Latin America, to make it a
premier business intelligence and systems integration firm, representing
technologies from leaders such as Microsoft and Oracle, which recently
acquired Hyperion.
CEO Aubrey Brown Recently Interviewed by Wallst.net
Company CEO Aubrey Brown interviewed with WallSt.net Friday, February 29.
In the interview, Mr. Brown discussed the company's business plan to report
an anticipated $30 million in profitable revenue in 2008. Aubrey Brown is
the president of a company headquartered in Sao Paulo, Brazil, with
operations in Chile and throughout South America that achieved over $20
million in revenue in 2007. Additionally, organic sales growth for that
company has exceeded 20% annually for the last two years. Mr. Brown is
currently managing the consolidation of that company into NewMarket Latin
America and anticipates completing that consolidation shortly after
completing an audit of the operations to be consolidated. That audit is
underway and scheduled to be completed by March 31, 2008.
To hear the interview in its entirety, go to
http://www.wallst.net/audio/audio.php?ticker=NLAI&id=4533.
Company Updates and Information
To be added to NewMarket Latin America's e-mail database for shareholders
and interested investors or to receive information on the company, please
send an e-mail to ir@newmarketlatinamerica.com.
About RKM IT Solutions (www.rkmve.com)
RKMis a sixteen-year-old systems integration and IT outsourcing services
firm recognized in Venezuela and throughout northern South America as a
leading provider of mission critical voice, data and video network
solutions, as well as systems integration and help desk support. Clients
include the Top 50 international corporations in the country, as well as a
strong presence in the Oil and Gas, Banking and Manufacturing industry.
RKM is also a regionally certified partner for Cisco Systems, Novell,
Computer Associates, IBM, Hewlett-Packard, Systimax and Microsoft. RKM was
awarded the 2003 Microsoft Infrastructure Solution of the Year in Venezuela
and has been recognized as a Microsoft Gold Partner and now a Microsoft
LAR/ESA partner.
The company is expanding its system integration and IT outsourcing services
in the Caribbean, Colombia, Ecuador, Peru and Mexico.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America provides world class systems integration services
through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and
many more. NewMarket Latin America has major customers in various sectors
such as Oil and Gas, Consumer Products, Financial Services, and
Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition
to specializing in helping US clients expand their businesses and
operations into one of the fastest growing economic regions in the world.
NewMarket Latin America has offices and operations throughout Latin
America.
NewMarket Latin America also identifies emerging technologies developed
within the region and brings those latest technologies to market worldwide.
These innovations help clients grow their businesses and gain a new
competitive advantage.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This press release contains forward-looking statements that involve risks
and uncertainties. The statements in this release are forward-looking
statements that are made pursuant to safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Actual results, events and
performance could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may cause NewMarket's actual results in
future periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include, among
other things, product demand and market competition. You should
independently investigate and fully understand all risks before making
investment decisions.