NWMT, NewMarket Technology, Inc., NWMT.PK
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With Almost $100 Million in Sales Worldwide, NewMarket Technology, Inc. Plans to Expand
$40 Million Subsidiary in China by Launching Operation in East Africa
Monday September 14, 2009
With Almost $100 Million in Sales Worldwide, NewMarket Technology, Inc. Plans to Expand $40 Million Subsidiary in China by Launching Operation in East Africa
Webcast Scheduled for Release Tuesday, September 15th
DALLAS, TX–(CRWENEWSWIRE - 09/14/09) - NewMarket Technology, Inc. (Pinksheets:NWMT) is scheduled to release a corporate Webcast tomorrow, September 15th focused on the Company’s opportunities in Kenya and East Africa, as well as a trade mission to the region. The Webcast will highlight the Company’s plans to leverage its subsidiary in China to open operations in Africa. A link to the Webcast is scheduled to be available on the Company’s corporate website www.newmarkettechnology.com September 15th.
NewMarket recently participated at the African Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in Nairobi. NewMarket Technology was invited to present based on the Company’s experience in emerging economies. NewMarket Technology is a technology systems integration firm concentrating on the rapidly growing technology needs of high growth emerging markets around the world. The Company had previously participated in the “Connecting Rural Communities Africa Forum 2007,” also in Nairobi. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line.
NewMarket has its financial results independently audited in compliance with SEC regulations and the Company’s current financial reports are on file with the SEC and available for public review. The Company reported over $95 million in revenue in 2008, with over $40 million coming from its operation in China.
Corporate Information and E-mail Updates
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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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
Source: NewMarket Technology, Inc.
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