Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Latin America Business Strategy and 2010 $150 Million Profitable Revenue Forecast to Be Reviewed in Webcast Friday, February 12th
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 8, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
and Worldwide Strategies, Inc. (OTCBB : WWSG ) today announced the Companies
are kicking off a previously announced CEO Summit meeting in Sao Paulo,
Brazil. Bruce Noller, the CEO of NewMarket, and Jim Samuels, the CEO of
Worldwide, are meeting with NewMarket's Brazilian management team at the
headquarters of NewMarket's operations in Brazil to review five-year plans
in conjunction with the NewMarket and Worldwide strategy to build a global
$1 billion emerging market systems integration operation. NewMarket
currently has approximately $100 million in annual revenue and has
announced a $150 million profitable revenue forecast for 2010. The summit
this week also includes a review of NewMarket's Greenfield Partners
Alternet Systems, Inc. (OTCBB : ALYI ) and NuMobile, Inc (OTCBB : NUBL ) and
their mobile technology offerings in the Latin American market.
Greenfield Partnership Program
NewMarket started the Greenfield Partnership program to accelerate the
introduction of new technologies into emerging markets around the world
where technology buying is on the rise, while improving return on
investment (ROI) potential. Greenfield program participant companies have
been chosen to participate in the partnership program based on their
technology and service offerings in conjunction with the emerging
geographic markets in which they operate. The Greenfield program has
initiatives underway in China and Southeast Asia in addition to South
America and Africa.
On-demand Webcast Friday, February 12th
NewMarket and Worldwide have scheduled a Webcast for release this Friday,
February 12, 2010 to present on the Latin America business strategy and the
2010 $150 million profitable revenue forecast following the CEO Sao Paulo
Summit. The on-demand Webcast will be posted to the NewMarket website and
an email with a link to the Webcast will be sent to the NewMarket e-mail
database upon release of the Webcast Friday.
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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.