Worldwide Strategies, Inc. Issues Strategic Overview on Company's Plan to Take Leadership Role in Global Small Business Investing Reform

DENVER, CO--(Marketwire - November 11, 2009) - Worldwide Strategies, Inc. (OTCBB: WWSG) today released a strategic overview on the Company's plan to take a leadership role in global small business investing reform. Worldwide has entered into a letter of intent with NewMarket Technology, Inc. as a first step toward building an emerging market systems integrator. The CEO of NewMarket Technology Philip Verges today published a memorandum on penny market investing in a global small business economy. The memorandum includes NewMarket's strategy to deliver a return on investment to new and long-term shareholders. The memorandum is also a draft blue print for penny market investor solidarity to drive small business investing reform. The purpose of the memorandum is to begin an interactive dialogue with NewMarket shareholders and all penny market investors. Mr. Verges ends the memorandum with a request for email feedback and an outline of a coming social media strategy to expand the dialogue.

NewMarket CEO on Penny Market Investing in a Global Small Business Economy

"Small business is the backbone of the economy. Todd McCracken, president of the National Small Business Association (NSBA), says that companies with fewer than 500 employees make up half the gross domestic product in the United States. He points out that in past economic downturns, new businesses have led subsequent economic recoveries.

"In the current economy, however, small businesses are fighting against Wall Street and law maker neglect. According to statistics from the Automated Access to Court Electronic Records, small business bankruptcies are up 50% compared to last year. This statistic alone is not necessarily alarming because entrepreneurs regularly move on from failure to a new business venture. However, at this time new business formation is also down. Entrepreneurs are struggling in the current economy to get loans or other early stage funding.

"The U.S. Government has dedicated hundreds of billions of dollars to bailout failing financial institutions and hundreds of billions more to stimulate market sectors dominated by big businesses. Little attention or investment has been directed to the economic sector that has historically lead the U.S. economy to recovery. In the meantime, while facing potential economic ruin, which in most cases was only avoided by Government intervention, institutional and investment banks topped the lists of largest political campaign contributors in last year's elections.

"We can all get mad about the coincidence of events that suggest the possibility of Washington-Wall Street cronyism, but then what? Can you imagine the financial and legal resources necessary to get to the bottom of the possible cronyism, let alone to do something about it? We can chose to do nothing and instead just hope the U.S. economy is strong enough to 1) overcome the neglect of the small business sector that accounts for half of the U.S. gross domestic product and 2) withstand the hundreds of billions of dollars directed away from other programs to otherwise bailout failing business sectors. This time, I for one believe the U.S. economy is currently strong enough to recover regardless of good or bad law maker intervention. But what about next time?

"In the '90s, Wall Street attempted to create a small and early stage investment market. Dotcom companies IPOed daily, raising hundreds of millions of dollars for operations with little or no revenue. The post-dotcom market gave rise to hedge funds and credit default swaps. In reaction to the failure of the dotcom market, investment banks turned away from lottery ticket potential toward 'failure prevention.' The investment banking products d'jour 'hedged' against downside risk and provided 'credits' as insurance against 'default.' The instruments intended to prevent failure became so lucrative, investment banks were seeking more potential failures to invest in. With so much investment in potential failure, perhaps the overall economic failure should have been more predictable.

"What will 2010 bring? I believe 2010 can be the beginning of a global small business investment market decade. I have no doubt Wall Street will find some new product theme in the aftermath of the dotcom and the downside risk prevention markets. Why not small business? With small businesses leading economic growth in the world's fast growth emerging markets, combined with the small business sector accounting for half the U.S. gross domestic product, an investment banking product theme targeting the small business sector makes sense.

"At least a portion of the current small business investing opportunity today resides within the over-the-counter market or penny stock market. In light of the potential for a small business investment banking product theme, now is a good time to reconsider and rethink the penny stock market.

"My current understanding of the over-the-counter market has only come through experience. When I initially became involved in the over-the-counter market in 2002, my perception was markedly different than it is today. My expectation was that over-the-counter quoted companies could deliver long-term share price appreciation that correlated with fundamental financial performance. Like me, I know that many of NewMarket's long-term shareholders also expected that over-the-counter quoted companies could deliver long-term share price appreciation. Today, my thinking is different. I have been both applauded and criticized for saying long-term share price appreciation is a much longer term commitment than I originally anticipated and a long-term return strategy should be complimented with a strategy to profit from small investments with short horizon milestone return objectives.

"Companies that list on the over-the-counter markets do so primarily to access capital for their business plan. NewMarket has raised money to invest in its business plan and acquire assets. We have made great strides recently in improving the structure of our investment and acquisition obligations. Those improvements include the caliber of the parties to whom NewMarket is obligated. Nevertheless, while listed on the over-the-counter markets, NewMarket will continue to face the challenges that cause me to suggest complimenting long-term investment objectives with periodic short horizon, small investments.

"The stark, but largely unspoken, reality is that access to capital resources for over-the-counter companies is a function of liquidity, not fundamental financials. Likewise, and similarly unspoken, the reality of the return on investment potential for over-the-counter retail investors is also tied to a company's liquidity and related ability to deliver periodic temporary increases in share price in market reaction to milestone successes. NewMarket has chosen to talk about the stark realities and address them. We want investors to profit from investments in our next potential milestone successes while maintaining a long-term return opportunity.

"Because the conventional wisdom of buy and hold for long-term share price appreciation, in my opinion, will not alone deliver a return on an investment in an over-the-counter company, at NewMarket, we are building a long-term return opportunity by creating multiple dividend opportunities. The dividend benefit is intended as the primary benefit of long-term stock ownership. We have publicly discussed current efforts underway to issue publicly traded subsidiary stock in our Chinese and Latin America operations though dividend distributions. Longer-term, we plan to execute similar dividend distributions associated with expanding operations in Africa and Southeast Asia.

"In light of what we have learned of the challenges associated with graduating an over-the-counter public quotation to an exchange listing, we have further implemented a dividend-based strategy to overcome the graduation challenges. We have publicly presented our plan to move an initial subsidiary operation into Worldwide Strategies, Inc. Worldwide is an over-the-counter company also. However, the operation we are moving to Worldwide does not require financing. We believe an over-the-counter company without a requirement to access capital can in fact achieve a minimum national exchange required listing share price. Once we have achieved a national exchange listing, we intend to distribute stock of the national exchange listed company to the NewMarket shareholders.

"I anticipate some penny market investors will not have confidence in our strategy. Some will be reluctant to reconsider the conventional wisdom of buy and hold for long-term share price appreciation that I believe is broken, and otherwise reject our dividend strategy. Since we have publicly announced our multi-faceted strategy, I believe we have already witnessed some market resistance manifested in the less than $0.40 pre-reverse share price trading. I believe we have to weather the market resistance to our unconventional strategy. Once we do, I believe we can see new buying and corresponding share price appreciation resulting from investors that recognize our undervalued potential and from investors interested in what we have to say about the penny stock markets.

"Wall Street and Washington are not going to allocate the resources anytime soon to change the dynamics that make it difficult for over-the-counter traded companies to realize long-term share price appreciation that corresponds consistently with operational performance. Nevertheless, the over-the-counter market is rich with talented entrepreneurs endeavoring to build innovative and promising new enterprises that can potentially deliver attractive returns to investors. Those returns, in my opinion, will come from a combination of making periodic small investments with anticipated returns from the next potential milestone success balanced by the possibility that the company might string together a series of milestone successes that result in a sustainable long-term success.

"Our hope and intention at NewMarket is to create both milestone and long-term returns that can be pointed to as a case study for the over-the-counter small business investment market. We believe that the much needed over-the-counter reform will come from small business investors succeeding in spite of current market challenges. At NewMarket, we refuse to ignore the over-the-counter market challenges, and we refuse to succumb to those challenges. We have instead chosen to call for solidarity with our shareholders and work together to find returns in NewMarket's milestone successes and potential for sustainable long-term prosperity.

"Please join our opt-in email data base (go to www.newmarkettechnology.com) and send us your reaction to my memorandum today to ir@newmarkettechnology.com. Begin a dialogue with us. On Friday, we will Webcast a corporate update on milestone projects underway and include a discussion of questions that have been emailed in by shareholders. We are also working to launch more interactive communications with shareholders through various social media available today. We want to see the dialogue with NewMarket shareholders expand into a dialogue encompassing the entire small business and publicly traded small business investment market."

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.

Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.

NewMarket's rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.

About Worldwide Strategies, Inc.

Worldwide Strategies, Inc. is a development tool stage business that has built a proprietary affinity marketing process and system to provide clients with outsourced services including multi-language capabilities. The affinity market business has signed several substantial contracts but has not established significant revenue.

"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 provisions 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 the Company'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.

Contact Information: Contact: Worldwide Strategies, Inc. 303-991-5887