SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

May 24, 2010 09:00 ET

(NWMT) NewMarket Opens Greenfield Summit to Pursue $200 Million Program Revenue Goal in China

DALLAS, TX--(Marketwire - May 24, 2010) -  NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today announced Greenfield Partners from the United States, Africa, Southeast Asia and South America have converged in Shanghai this week to pursue the joint opportunities outlined in a 2010 Greenfield Summit hosted earlier this year in Shanghai. Partners are in Shanghai this week as part of a week-long Trade Mission and Greenfield Partners CEO conference being hosted by China Crescent Enterprises, Inc. (OTCBB: CCTR) in conjunction with the 2010 World's Fair, or Expo 2010. The World's Fair, which opened at the beginning of the month and runs through October 31 in Shanghai, is expected to attract some 70 million visitors. The Greenfield Program was introduced last year to accelerate and enhance the introduction of new technology innovations into new markets. At the conclusion of the 2010 Greenfield Summit in March, China Crescent's CEO outlined a Greenfield Program opportunity to achieve a potential $200 million in combined revenue between all participant companies in 2010 through project collaboration in China.

NewMarket provides systems integration services, to include technology reseller, customization, integration, outsourcing and support services, in Southeast Asia, Latin America and North America, as well as China, and is actively expanding its business services into the growing markets of East Africa.

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About NewMarket Technology, Inc. (www.newmarkettechnology.com)

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. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.

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 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
    214-722-3065