SOURCE: Worldwide Strategies

November 13, 2009 15:06 ET

Worldwide Strategies, Inc. Featured in NewMarket Technology, Inc. Exclusive Shareholder Update Webcast Discussing Near Term and Long Range Strategy

DENVER, CO--(Marketwire - November 13, 2009) - Worldwide Strategies, Inc. (OTCBB: WWSG) has entered into a letter of intent with NewMarket Technology, Inc. as a first step toward building an emerging market systems integrator by merging NewMarket's operations headquartered in Brazil with Worldwide. Today, NewMarket issued an exclusive Shareholder Update Webcast updating its shareholders on recent corporate initiatives to include the efforts with Worldwide. A link to the Webcast is available here or on the NewMarket website

NewMarket's operation in Brazil has approximately $20 million in annual revenue. The anticipated merger is expected to include a dividend of Worldwide common stock to NewMarket shareholders. NewMarket will be the majority shareholder of Worldwide as a result of the transaction and the operations in Brazil will continue to be consolidated into NewMarket's financial statement in addition to being independently reported in the Worldwide financial statement.

Separately, NewMarket was recently interviewed by the Wall Street Reporter. The interview includes a review of expected technology growth in emerging markets and how NewMarket plans to capture its share and a review of NewMarket's new outsourcing services business growth and nearly $70 million in new, long-term contracts signed year-to-date. The interview further covers the recently announced potential contract for an outsourcing services agreement worth $36 million over three years that would come through NewMarket's Chinese operating subsidiary. The interview is available at, or directly via this link:

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.

About Worldwide Strategies, Inc.

Worldwide Strategies, Inc. is a development tool stage business that has built a proprietary affinity marketing process and system to provide clients with outsourced services including multi-language capabilities. The affinity market business has signed several substantial contracts but has not established significant revenue.


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 provisions 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 the Company'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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    Worldwide Strategies, Inc.