Contact Information: Contact: Worldwide Strategies, Inc. 303-991-5887
Worldwide Strategies, Inc. Featured in NewMarket Technology, Inc. Webcast on Anticipated $30 Million From Recent and Pending Chinese Deals
| Source: Worldwide Strategies
DALLAS, TX--(Marketwire - December 15, 2009) - Worldwide Strategies, Inc. (OTCBB : WWSG ) has
been featured in a NewMarket Technology, Inc. (PINKSHEETS : NWMT )
shareholder update Webcast released today. The Webcast reviews two
milestone transactions for NewMarket's Chinese subsidiary that are
anticipated to deliver approximately $30 million in revenue in 2010. One
transaction was executed last week, and the second is anticipated to be
signed before the end of December. NewMarket provides systems integration
services in China, Southeast Asia, Latin America and North America and is
actively expanding its business services into the growing markets of East
Africa. NewMarket focuses on the rapid growth industries in emerging
markets that require technology products and services to support their
growth. In the different regions of the globe it operates, NewMarket sells,
installs and supports technologies from leading technology providers such
as Oracle, IBM and HP as well as some lesser known, but leading-edge
emerging technology. In 2008, NewMarket reported $95 million in global
revenue and has forecasted profitable revenue growth in 2009. For the first
three quarters of 2009 ending September 30, NewMarket reported $76 million
in revenue with $2.2 million in net income.
Worldwide and NewMarket 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 with Worldwide. Last week,
NewMarket and Worldwide released an exclusive on-demand Webcast discussing
plans to grow into a market recognized systems integration competitor with
$1 billion in annual revenue differentiated in the technology sector by a
customer concentration in the rapidly growing global emerging markets. A
link to the Webcast is available on the NewMarket corporate website
investor relations page at www.newmarkettechnology.com and is titled
'NewMarket - Worldwide Strategies Webcast'.
NewMarket's Chinese Subsidiary Milestone Transactions Reviewed in Webcast
Last week, NewMarket's Chinese subsidiary announced completing the
acquisition of a China Radio Technology Ltd. subsidiary. The acquisition is
anticipated to contribute approximately $20 million in annual revenue to
NewMarket's Chinese subsidiary in 2010. NewMarket's Chinese subsidiary has
also entered into a letter of intent anticipated to provide comprehensive
technology support services to a customer in Dalian. The letter of intent
is expected to convert into a contract by the end of December worth
approximately $36 million over three years, with the potential for as much
as $10 million in revenue to be recognized by the Chinese subsidiary in
2010.
The Webcast also presents how the recent acquisition potentially
complements both NewMarket's short-term and long-term return on investment
strategy and features Worldwide.
A link to the Webcast is now available on the NewMarket corporate website
homepage and Investor Relations page at www.newmarkettechnology.com and is
titled 'NewMarket - Chinese Subsidiary Milestone Update Webcast.'
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.
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.
"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 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.