SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

January 05, 2011 10:01 ET

NewMarket, (NVAE) Savanna East Africa and Vita Developments Strategize With Kenya Ministry of Housing on Affordable Housing Upgrade for Nairobi Slum

(NUBL) NuMobile and (CCTR) China Crescent Continue Work on Wi-Fi Enabled Utility Metering in Nairobi

DALLAS, TX--(Marketwire - January 5, 2011) - NewMarket Technology, Inc. (PINKSHEETS: NWMTD) (OTCQB: NWMTD) today announced strategic meetings scheduled in New York City later this month with Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) and Vita Developments ( hosting the Kenya Ministry of Housing to explore affordable housing upgrade solutions to improve Nairobi slums.

Kibera is a major slum area of Nairobi, Kenya. Most people living in Kibera have little or no access to basic necessities, such as electricity, clean water, or sewage disposal. The area is estimated to have some 50,000 AIDS orphans and inadequate school facilities in Kibera contribute to the poverty cycle for residents.

The Kenya Ministry of Housing has launched a slum upgrade project that has already piloted a relocation of Kibera residents to a temporary housing area pending a tear down and rebuild of their former housing facilities. NewMarket, Savanna East Africa and Vita Developments are partnering in Kenya in an effort to contribute to and accelerate the Ministry of Housing's slum upgrade project.

NewMarket and Savanna East Africa's Affordable Housing Initiative was launched by former NewMarket Board Member, the late Major General Hugh G. Robinson. During the Johnson Administration, General Robinson was the first African American to ever serve on Presidential staff. After the Army, he served as the Chairman of the Federal Reserve Bank of Dallas. General Robinson founded the NewMarket and Savanna Affordable Housing Initiative to not only design and construct housing with costs inside the capacity of lower income residents, but with 'dignity' and 'sustainability' as cornerstones of the design concepts.

NewMarket and Savanna work on housing projects with the potential for high, rapid profitable growth. NewMarket and Savanna believe socially responsible projects have a better potential for long-term success. To enhance the long-term success of affordable housing projects, NewMarket is working with Vita Developments to ensure each community of affordable homes has a church or other religious institution, school, market center and health clinic in order to help the community become self-sustaining and not remain in need of serial charity.

Separately, NuMobile, Inc. (OTCBB: NUBL), China Crescent Enterprises, Inc. (OTCBB: CCTR) and Savanna East Africa have partnered to build a wireless broadband network in Nairobi, Kenya. The joint project was developed through the NewMarket Technology Greenfield Partnership Program. 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.

About NewMarket Technology, Inc. (
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.

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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