SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

February 03, 2011 09:00 ET

MSNBC Highlights (NMWT) NewMarket SMB Solidarity Movement With Greenfield Partners (CCTR) China Crescent, (NUBL) NuMobile and (NVAE) Savanna East Africa

DALLAS, TX--(Marketwire - February 3, 2011) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) launched the Greenfield Partnership Program to facilitate Small and Medium Businesses (SMB) from around the world in coming together in a practical and unified effort to address the economic resource inequities facing the SMB sector in both domestic and global markets. The practical Greenfield approach is intended to have a real and timely positive expansion and growth impact for Greenfield partners in addition to effecting long range changes for the SMB sector overall.

The Company's recent release of a Greenfield Partnership Program videocast has been featured on MSNBC (http://tinyurl.com/NWMT-MSNBC). The videocast provides an overview of the current status and future plans for the Greenfield Partnership Program and a review of the current state of the small business market. In conjunction with the videocast, NewMarket has released eight 2-3 minute Webcasts expanding upon topics mentioned in the videocast. Webcast topics include:

  • Greenfield Partnership Program Background
  • Emergency Economic Stabilization Act/TARP
  • Social Media
  • Discretionary Income
  • Speculation
  • FINRA & OTC
  • Operation Broken Trust
  • Importance of small business to the economy

The video and Webcasts, which are collectively titled, 'NewMarket Technology & The Greenfield Partnership Program Videocast (January 2011)' are now available for on-demand viewing by going to www.newmarkettechnology.com and clicking on 'Investor Relations.'

Greenfield partners are benefiting today by combining forces while raising funds, participating in cooperative sales and marketing campaigns and sharing back office resources. Greenfield partner success stories include:

South American Telecommunications Equipment

China Crescent (OTCBB: CCTR) recently announced a third shipment of telecommunications equipment to a Greenfield partner in South America. NewMarket Greenfield partners in South America and China coordinated resources following a Shanghai conference last year to sign a telecommunications contract anticipated to generate approximately $1.2 million in revenue over a 12 month contract period.

$160 Million LOI in Japan

Last year, China Crescent entered into a formal letter of intent (LOI) agreement with an undisclosed Japanese firm to develop and provide 10,000 custom Wi-Fi devices. In conjunction with the LOI, the Japanese firm placed a $1.6 million purchase order for 100 sets of the device in order to conduct a pilot test. NuMobile, Inc. (OTCBB: NUBL) was been selected by China Crescent to provide a key proprietary software component for the special purpose Wi-Fi communication device. The Japanese customer has committed to purchase 10,000 of the custom Wi-Fi devices for a total of $160 million over the next three years, subject to the performance of the first 100 sets.

East Africa Expansion:

Separately, NuMobile, China Crescent and Savanna East Africa, Inc. (PINKSHEETS: NVAE) (PINKSHEETS: NVAE) have partnered to build a wireless broadband network in Nairobi, Kenya. The broadband network is intended to provide a wireless meter reading capability to local utility companies. After successful completion of the testing phase, the wireless broadband project is expected to expand throughout Nairobi, followed by expansion to additional cities and countries throughout East Africa.

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About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.

NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 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
    Email Contact
    214-722-3065