SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

February 04, 2010 11:03 ET

NewMarket Technology, Inc. Announces World Bank Scholar Dr. James Jiang as CEO of Chinese Subsidiary With Responsibility Over $85 Million in Forecasted Revenue

DALLAS, TX--(Marketwire - February 4, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced World Bank Scholar Dr. James Jiang as the Chief Executive Officer of NewMarket's Chinese subsidiary. NewMarket has forecasted $150 million in overall revenue for 2010 with $85 million expected from the Chinese subsidiary. Dr. Jiang has been with NewMarket since 2006, managing the Company's local operations in China. His responsibilities and authority are now expanded as the CEO of the independently listed public company.

"It gives me great pleasure to present our new CEO of the Chinese subsidiary," stated Paul Danner, the exiting CEO of the Chinese subsidiary. "Dr. Jiang is a talented executive who has been instrumental to the Company's growth in China over the past few years, and we are delighted he has accepted the appointment as Chief Executive Officer."

Mr. Danner remains with NewMarket in an expanded role as the Director of Worldwide Business Operations. He will be working to maximize the horizontal integration of business operations and opportunities across all the NewMarket companies, and to improve activity reporting of all the companies in support of the Company's $1 billion five-year profitable revenue objective.

"The Director of Worldwide Business Operations is a newly created position and part of NewMarket's plan to reach $1 billion in profitable annual revenue within the next five years," said Bruce Noller, NewMarket CEO. "In his previous role as CEO of our Chinese subsidiary, Mr. Danner greatly exceeded all performance expectations by significantly growing outsourcing services in China, delivering on the recent acquisition to expand the Chinese operations into ODM services, and leading both revenue and net income growth within the NewMarket family of companies the past two years."

About Dr. James Jiang

Dr. James Jiang has over 18 years of senior executive management experience in the information technology and wireless industries. His management resume includes posts with various multinational firms including British Telecom, Telular Corp, Singapore Technologies and GaozhiSoft. Dr. Jiang has extensive knowledge of GSM and GPRS cellular systems and architecture, 3G wireless communications, and Internet technologies. In 1996, he developed and launched AirTrak, China's first e-commerce service to deliver commerce information from the Internet via a wireless network, and was the Chief Architect of a dynamic web content cache engine and mobile application platform. Dr. Jiang holds two patents in Vi-ter-bi Decoding and Dynamic Contents Extraction, and is a World Bank Scholar.

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About NewMarket Technology, Inc. (

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.


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.

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