Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Review $20 Million in Anticipated Annual Revenue From Chinese Subsidiary Acquisition of China Radio Technology Ltd. Subsidiary in Webcast Tuesday, December 15th
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 10, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) has
scheduled an exclusive shareholder update Webcast for next Tuesday,
December 15th, to review its Chinese operating subsidiary acquisition of a
China Radio Technology Ltd. subsidiary announced earlier today. The China
Radio subsidiary, located in Shenzhen, is anticipated to produce $20
million in annual revenue in 2010. China Radio Technology Ltd., a Hong
Kong-registered company, is a mobile communication hardware and software
company that develops and manufactures products for sale in China.
Shenzhen is located north of Hong Kong in the Guangdong province. According
to Wikipedia, Shenzhen is considered one of the fastest growing cities in
the world and is home to the headquarters of numerous high-tech companies,
and as home to the Shenzhen Stock Exchange and the recently launched
ChiNext exchange, is considered a major financial center in Southern
China. Shenzhen is also a major port and, in 2007, was ranked the 4th
busiest in the world for container traffic.
Webcast Scheduled for Tuesday, December 15th
NewMarket has scheduled an exclusive shareholder update Webcast to review
further details of the acquisition next Tuesday, December 15th. A link to
the Webcast is slated to be posted to the corporate website
www.newmarkettechnology.com upon release.
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in, permission-based
email database. Interested investors can easily, safely and quickly
register to receive these communications directly on the corporate website
homepage (www.newmarkettechnology.com). Recipients can manage their own
email contact profile and safely unsubscribe at any time.
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.
"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.