Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. and NuMobile, Inc. Announce Exclusive Greenfield Program African Update
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 17, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
and NuMobile, Inc. (OTCBB : NUBL ) today announced that the Companies have
scheduled an exclusive Webcast for Tuesday, December 22, 2009, to present
on progress in East Africa. The Companies recently completed an East
African Trade Mission to Kenya. While on the Trade Mission, NuMobile
conducted a series of business development meetings in Kenya with local
business partners, prospective clients and government officials. A link to
the Webcast will be published on both the NewMarket and NuMobile corporate
websites upon release next Tuesday.
The Greenfield Partnership Program and NuMobile's Solutions for the Mobile
Computing and Smartphone Market
The Greenfield Partnership Program is an initiative launched by NewMarket
Technology, Inc. to foster the development of innovative technologies and
the introduction of those technologies to the global marketplace. To learn
more about the Greenfield Partnership Program visit
www.newmarkettechnology.com. NuMobile is building a portfolio of software
solutions for the global mobile computing and smartphone market. More
information on NuMobile is available at www.numobileinc.com
Eyes to Africa as Next Emerging Market for Technology and
Telecommunications Infrastructure Growth
The rising market in Africa for mobile phones and supporting applications
and infrastructure have been making headlines lately. In its printed
edition on October 5th, the New York Times featured an article on Africa
having "the fastest-growing mobile phone market worldwide" titled "In Rural
Africa, a Fertile Market for Mobile Phones"
(http://www.nytimes.com/2009/10/06/science/06uganda.html?_r=2&ref=world).
The September 24th edition of The Economist magazine also focused on Africa
in a special report on telecommunications in emerging markets. The special
report, titled "The Power of Mobile Money"
(http://www.economist.com/opinion/displaystory.cfm?story_id=14505519) is
featured on the front cover of the magazine and includes five articles.
African mobile voice and data communications are featured throughout the
special report. Of particular interest is an article titled "Up, up and
Huawei"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483904
) about China's telecom leadership in Africa and "Beyond Voice"
(http://www.economist.com/specialreports/displaystory.cfm?story_id=14483848
) which explores the use of mobile applications in Africa.
In addition to the growing market for mobile phones in Africa, broadband
adoption on the continent is also expected to experience 28% growth
annually through 2013 as undersea cables come online. The expanded capacity
for broadband is expected to reduce costs by nearly 75%, making broadband
affordable to end-users. A recent report by Pyramid Research stated, "By
early 2011, we expect that more than half of all African markets will have
3G, while broadband coverage is increasing daily via both wireless and
wireline technologies."
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About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the
global mobile computing and smartphone market. Through a roll-up strategy,
NuMobile plans to acquire and develop mobile computing solutions for a
variety of applications, including mobile banking, for the global
marketplace. The demand for mobile security and software applications is
being driven in large part by the growing number of mobile phone sales into
emerging economies that currently do not have substantial access to the
Internet via desktop computing. Already in North America, the Company has
also forged a partnership in the Chinese market and is developing a plan
for the emerging economies of Latin America and East Africa. NuMobile is a
SEC
fully-reporting public company listed on the Over-the-Counter Bulletin
Board.
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.
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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.