SOURCE: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - Aug 11, 2011) - NewMarket Technology, Inc. (OTCQB: NWMT) (PINKSHEETS: NWMT) and China Crescent Enterprises, Inc. (OTCQB: CCTR) (PINKSHEETS: CCTR) today released a letter from Founder Philip Verges. The letter is intended as a primer to provide background and a preview of topics to be presented in an interactive forum at the previously announced Town Hall scheduled for 3 pm CDT Tuesday, September 13 in Dallas, Texas.
For the past few years NewMarket and China Crescent have held virtual Town Halls. In light of the current state of the global financial markets and the Companies' recently announced business plan updates, management has chosen to host a live Town Hall this year. The Town Hall format will facilitate an open dialogue for those in attendance to discuss business plan updates in addition to inviting questions and concerns separate from management's presentation.
The letter released today includes a brief history of the Companies' development and highlights of management's plans going forward. It discusses lessons learned operating a high growth operation in the OTC marketplace and the evolution of the Companies' strategy in reaction to the lessons learned. Mr. Verges previews developing strategies to simplify the Companies' capital structure and move away from future investment transactions that might require the issue of additional common stock in the prevailing over-the-counter market environment. The letter also sheds light on continuing social media campaigns and the research conducted by NewMarket and China Crescent in regard to the sponsors of the campaign.
The Town Hall is open to all NewMarket and China Crescent investors. Management and founders consider the agenda topics relevant to all over-the-counter market participants and welcome the attendance of any and all interested in partaking in the open forum. Advance registration is required for attendance. Online registration for the Town Hall is currently open. Please go to http://conta.cc/NWMTCCTRTH to complete the registration process. The Company can be contacted at email@example.com with any questions relating to the registration process. Registration will remain open through Tuesday, August 30th.
Mr. Verges' letter is available in its entirety on NewMarket's corporate website www.newmarkettechnology.com under 'Investor Relations' or directly at: http://bit.ly/p4Tale.
About China Crescent Enterprises, Inc. (www.chinacrescent.com)
China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell. Following a strategic acquisition in 2009, the Company expanded its business line to include original design manufacturing (ODM). Headquartered in Dallas with operations in China, China Crescent reported $78 million in revenue in 2010. China Crescent is a subsidiary of NewMarket. The letter addresses NewMarket investors and is intended for both direct investors in NewMarket as well as those that have invested separately in China Crescent.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology's (PINKSHEETS: NWMT) (OTCQB: NWMT) current portfolio of operating subsidiaries provides systems integration and technology infrastructure services. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential. NewMarket has operating subsidiaries today in China, Singapore, Brazil and Northern Latin America.
"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.