DALLAS, TX--(Marketwire - Jun 9, 2011) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and its subsidiary, China Crescent Enterprises, Inc., (PINKSHEETS: CCTR) (OTCQB: CCTR) today announced a Town Hall meeting scheduled for 2 p.m. on Tuesday, September 13, 2011 in Dallas, Texas. During the Town Hall members of management will discuss the Companies' operational and financial performance including updated business strategies, which focus on becoming leading regional systems integrators instead of a single multinational systems integrator. NewMarket Technology CEO Bruce Noller recently conducted a Webcast on the Companies' updated business strategies which is available directly at http://bit.ly/iIAoIm, or by going to www.newmarkettechnology.com and clicking on 'Investor Relations.' China Crescent reported $78.2 million in revenue and $4.2 million in net income for 2010, up from $45.6 million in revenue and $2.2 million in net income reported in 2009. For fiscal year 2010, NewMarket reported $118 million in revenue and $2.6 million in net income, up from $98 million in revenue and $1.6 million in net income reported in 2009.
More information, including details on the registering for the Town Hall will be made available in the coming weeks.
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). Headquartered in Dallas with operations in China, China Crescent reported $78 million in revenue in 2010.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology's (OTCQB: NWMT) current portfolio of operating subsidiaries provides systems integration and technology infrastructure services. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential. NewMarket has operating subsidiaries today in China, Singapore, Brazil and Northern Latin America.
"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 and/or China Crescent'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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