DALLAS, TX--(Marketwire - January 20, 2011) - NewMarket Technology, Inc. (
The Greenfield Partnership Program was launched more than a year ago to support entrepreneurial, high growth companies in achieving their operational and business objectives. The program has expanded to include eight public and private companies and anticipates an even more rapid expansion of member companies in 2011. The Greenfield Partnership Program has been instrumental in assisting member companies with fundraising and market penetration.
Greenfield Partners today include China Crescent Enterprises, Inc. (
The open letter from Greenfield Program Director Philip Verges is included in its entirety below.
Dear Small Business Stakeholders -
There is strength in numbers. This is the maxim upon which the Greenfield Partnership Program is founded.
Little institutional support is available today for entrepreneurs founding and growing companies. Educational institutions concentrate on providing business school graduates with skills appropriate for jobs at large, established firms. Meanwhile, financial institutions cater to larger corporations, the regulatory and legal environment favors bigger companies, and the news predominantly covers big business.
The Greenfield Partnership Program proposes that small businesses turn to each other to overcome the socio-economic deck stacked against them. The same way the 20th century labor union movement sought to protect worker rights, the Greenfield Partnership Program seeks to level the socio-economic playing field for small businesses.
The Small Business Administration defines firms in the United States with less than 500 employees as a small business, and what is considered a small business in the United States may be considered a small to medium enterprise elsewhere around the world.
Most of us today, everywhere around the world, work for companies with less than 500 employees. So, shouldn't we take issue with a socio-economic environment that is often at odds with our livelihood?
The Greenfield Partnership Program wants you -- the small business stakeholder. Whether you are currently one of the Greenfield Partner company shareholders or an interested investor thinking about becoming a shareholder in a Greenfield Partner company, we want you. If you are an over-the-counter investor in a company that is not a Greenfield Partner today, we want you. If you are an employee of a small business, we want you and we need you. We want all and every small business stakeholder -- owner; management; shareholder, investor, and employee.
According to a report recently published by the Small Business Administration, the rate of small businesses failing in the United States is exceeding the rate of new small businesses starting. The number of failures in 2009 surpassed the number of startups by approximately 100,000. Small businesses account for roughly half of all employment in the United States and that number of small businesses is shrinking. What is the economic pain threshold that must be reached before the general population takes notices of the inequity of resources available to small businesses? How many more jobs must be lost to this small business inequity before we ask, "where are all the economic resources going?"
The small business sector is neglected and misunderstood and the world cannot afford the consequences. The small business sector accounts for the majority of the world's gross domestic product and the majority of jobs not just in the United States, but everywhere around the globe. I would even argue that the end of poverty and the hope for improved global peace is a destination that can only be reached through a robust small-business economy. Our planet has a population of about 6 billion people. About 1 billion people have everything they need and arguably everything they could ever want. The other 5 billion people need everything: roofs, floors, furniture, bed linens, shoes, socks, shirts, pants, toothbrushes, toothpaste, streets, electricity, water, hospitals, hotels, trains, planes and airports -- just for starters. However, in all my travels, I have yet to land in an emerging market where I do not find someone on the ground without a first rate college education. I find that all that's missing in these markets is access to a $100,000 to $1,000,000 small and medium enterprise investment market. The U.S. over-the-counter market is a more than viable solution. An investment can be made in a U.S. OTC-listed company protected by U.S. laws and regulations, while investment funds are deployed to subsidiary operations in high-growth opportunity emerging markets. In these markets, there is no shortage of demand for everything and there is no shortage of talent to deliver upon that demand. Elsewhere, there is no shortage of capital to finance the satisfaction of that demand. The OTC market is a more than viable venue for connecting demand, talent, and capital and realizing the benefits of untapped opportunities in the world's emerging markets.
All that's standing in the way is a good conversation between small business managers, shareholders and stake holders to align objectives and expectations.
There is strength in numbers, and the NewMarket Greenfield Partnership Program wants you to join us today and help other small business entrepreneurs, shareholders and stakeholders to level the playing field for the small business sector. You can sign up for our mailing list through our website, www.newmarkettechnology.com, or follow us on Twitter (@greenfieldpp) or on Facebook (Greenfield Partnership Program).
Philip Verges
NewMarket Founder
Greenfield Partnership Program Director
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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.
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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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NewMarket Technology, Inc.
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214-722-3065