Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Issues Update on Greenfield Program Progress in East Africa in On-Demand Webcast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 22, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today released an on-demand Webcast providing an update on progress in
Africa in conjunction with the Company's Greenfield program and its
participating companies. 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. Companies currently
participating in the program include China Crescent Enterprises, Inc.
(OTCBB : CCTR ), NuMobile, Inc. (OTCBB : NUBL ) and Alternet Systems, Inc.
(OTCBB : ALYI ). These companies were chosen to participate in the
partnership program based on their technology and service offerings in
conjunction with the emerging geographic markets in which they currently
participate, such as China, Latin America and East Africa.
China Crescent Enterprises, Inc.
China Crescent is a systems integration service provider in China that
markets technology outsourcing services that include the sale and service
of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and
Dell. China Crescent reported over $40 million in annual revenue in both
2007 and 2008, and recently reported $30 million in revenue through the
first nine months of the year ending September 30, 2009, with record net
income of $1.8 million compared to $517k in net income for the same period
in 2008.
NuMobile, Inc.
NuMobile is building a portfolio of software solutions for the global
mobile computing and smartphone market and in 2009 acquired two companies
with proprietary technology focused on mobile network security.
Additionally, NuMobile announced a potential $20 million contract and two
additional pending acquisitions focused on SMS, MMS, IVR, and identity
management solutions for SaaS and Cloud computing.
Alternet Systems, Inc.
Alternet's solutions focus on effective and profitable mobile payment and
m-commerce systems and solutions that tie together telecom operators,
financial institutions, and payees such as mass public transportation and
utility providers. With the majority of the population in emerging markets
belonging to the "unbanked" sector, mobile banking opens up a major
opportunity to deliver financial services to a rapidly growing subscriber
base. Penetration of mobile services around the world has increased
rapidly, with the subscriber base worldwide growing from just over 11
million mobile phone users in 1990 to over 3 billion in 2008. Growth is
particularly impressive in developing economies. With only 1 billion bank
accounts worldwide and close to 4 billion mobile phone subscribers, both
mobile network operators and financial institutions recognize the value
proposition in offering mobile financial services. Alternet is currently
focused on providing its service offerings to the Latin American
marketplace.
A link to the Webcast titled 'NewMarket Greenfield Program Africa Update
Webcast' is available on the homepage and investor relations page of the
NewMarket website www.newmarkettechnology.com and the NuMobile website
www.numobileinc.com.
Corporate Information and E-mail Updates
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Company, please visit www.newmarkettechnology.com.
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
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