Source: Bright Side, LLC
NewMarket Latin America, Inc. Releases YTD Financial Performance Update With Revenue and Bottom Line on Track to Meet $30 Million Profitable Revenue Forecast
Company to Conduct Earnings Webcast Tomorrow at 4:15 PM EDT to Review Continued Rapid Growth and Recent Microsoft and Oracle Projects
DALLAS, TX--(Marketwire - August 18, 2008) - NewMarket Latin America, Inc. (PINKSHEETS: NLAI)
today released an update on YTD revenue and net income for the operations
in Brazil, Chile and Venezuela that are planned to be consolidated into the
Company. Overall, the operations have reported $12.6 million in revenue
YTD with $528,600 in net income. The operations in Latin America that are
scheduled to be consolidated into NewMarket Latin America are leading
Microsoft and Oracle partners in the region and have seen substantial
growth from these partnerships over the past year.
NewMarket Latin America is a systems integrator and technology managed
services provider for Latin America with headquarters in North America. The
Company also identifies emerging technologies with the intent of bringing
promising technologies to market worldwide. NewMarket Latin America is in
the process of being reorganized and is consolidating operations in Brazil,
Chile and Venezuela into the Company. The Company has forecasted $30
million in profitable revenue for 2008.
Some Recent Microsoft and Oracle Projects with Duke Energy, L'Oreal, and
NewMarket Latin America, Inc. Announces UniOne's Oracle Hyperion Project
With Duke Energy Brazil
NewMarket Latin America, Inc.'s UniOne Completes Oracle Siebel CRM
Implementation for L'Oreal Brazil
NewMarket Latin America, Inc.'s UniOne Announces Oracle Contract With
Multi-Billion Dollar Obrascon Huarte Lain, S.A.
NewMarket Latin America, Inc.'s UniOne Consulting Implements Oracle's BIEE
for Brazilian Distribuidora de Medicamentos Santa Cruz
NewMarket Latin America, Inc. Announces UniOne Consulting's Multi-Continent
Contract With $10 Billion Global Mining Leader Anglo American
NewMarket Latin America, Inc. Announces UniOne's Completion of Oracle's
Hyperion Business Intelligence Implementation for Movistar
NewMarket Latin America, Inc. Announces UniOne Oracle Project Highlights
for ING Chile
NewMarket Latin America, Inc. Announces RKM IT Solutions' Microsoft Annual
Sales Increase of 235%
NewMarket Latin America, Inc. Announces RKM IT Solutions' Multi-Year
Microsoft Enterprise Agreement With Electricidad de Caracas
NewMarket Latin America, Inc. Announces RKM IT Solutions' Service Expansion
for Molina Agencia de Viajes Increasing Contract Revenue by 295%
YTD Financial Review Webcast Scheduled for Tomorrow at 4:15 pm EDT
Management will conduct an audio Webcast tomorrow, August 19, 2008 at 4:15
p.m. EDT to discuss continued revenue growth, focus on managed services
and continued regional expansion. NewMarket Latin America is in the process
of being reorganized and is consolidating operations in Brazil, Chile and
Venezuela into the Company.
A link to the Webcast will be available prior to the event on the Company's
corporate Website Investor Relations page
(http://www.newmarkettechnology.com/investor-relations.htm) under "Current
Events and Communications."
Corporate E-mail Updates
To be added to NewMarket Latin America's e-mail database to receive company
updates or to obtain more information on the Company, please send an e-mail
to firstname.lastname@example.org or call 214-722-3065.
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
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
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
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
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 Latin America'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:
NewMarket Latin America, Inc.