SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

December 01, 2009 14:58 ET

Management of NewMarket Technology, Inc. and Worldwide Strategies, Inc. Consider Oracle CEO Larry Ellison's Comments in Wall Street Journal as Validation of Business Plan

DALLAS, TX--(Marketwire - December 1, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) and Worldwide Strategies, Inc. (OTCBB: WWSG) have entered into a letter of intent as a first step toward building an emerging market systems integrator by coupling NewMarket's operations headquartered in Brazil, an Oracle partner, with Worldwide. Yesterday, Larry Ellison, Oracle CEO was quoted in the Wall Street Journal on the revival of "vertical integration" regarding Oracle's plan to purchase Sun Microsystems Inc. NewMarket and Worldwide's management regard Mr. Ellison's comments as a validation of their business plan to build a hardware and software reseller and service company concentrating on the world's rapid growth emerging economic regions.

Update Webcast Tuesday, December 8th

NewMarket and Worldwide anticipate closing the Brazil transaction in the month of December. Senior management will conduct a Webcast on Tuesday, December 8th to provide an update on the anticipated closing and the combined business plan. A link to the Webcast will be available at www.newmarkettechnology.com upon release.

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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 Information

  • Contact:
    NewMarket Technology, Inc.
    Investor Relations
    214-722-3065