DALLAS, TX--(Marketwire - March 17, 2011) - NewMarket Technology, Inc. (OTCQB: NWMT) today released an on-demand Webcast from NewMarket CEO Bruce Noller highlighting the Company's business plan re-focus on systems integration. NewMarket and its subsidiary, China Crescent Enterprises, Inc. (OTCQB: CCTR), provide diversified technology services, primarily in emerging economic markets, with the bulk of services being systems integration. The technology services provided by NewMarket and China Crescent have in previous years been more diverse, but the Companies are now re-focusing on systems integration. Additionally, the Webcast discusses the current and changing state of the over-the-counter market, which both NewMarket and China Crescent trade on, and the recent move of China Crescent's stock quotation exclusively to the OTC Markets Group, Inc.'s OTCQB, effective February 23, 2011. The OTCQB is one of three tiers established by OTC Markets and identifies companies that are fully-reporting with the SEC, to include China Crescent. China Crescent was previously dually quoted on both the OTCBB and OTC Markets quotation systems. Recently, more than 800 dually quoted companies, including China Crescent, moved to being quoted exclusively on the OTCQB. The FINRA operated OTCBB, now contains approximately 20 securities which are quoted solely on this system and represent less than 0.1% of the average daily dollar volume for the entire OTC market. Finally, the Webcast discusses the intended benefits to shareholders of the refocused systems integration business plan and the Companies' intent to eventually achieve an upgraded listing.
The Webcast is now available for on-demand review on NewMarket's corporate website, www.newmarkettechnology.com by clicking on "Investor Relations", China Crescent's corporate website, www.chinacrescent.com, by clicking on "Webcasts" or directly at http://tinyurl.com/NWMT31711.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell. Following a strategic acquisition in 2009, the Company expanded its business line to include original design manufacturing (ODM). China Crescent reported $45 million in profitable revenue in 2009 after reporting over $40 million in revenue for both 2007 and 2008. Headquartered in Dallas with operations in China, China Crescent bridges the gap between global business cultures to assist clients worldwide realize the advantages of the high quality, low cost technology products and services available from China.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology's (PINKSHEETS: NWMT) (OTCQB: NWMT) current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 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.
"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.
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