SOURCE: Worldwide Strategies

June 25, 2008 11:08 ET

Worldwide Strategies, Inc. Moves Closer to Launching Mobility Technology Solution and Introducing WiMax Enabled Product Offering

DENVER, CO--(Marketwire - June 25, 2008) - Worldwide Strategies, Inc. (OTCBB: WWSG) today announced moving closer to launching the Mobility Technology Solution previously announced in its agreement with NewMarket Technology, Inc. Together the companies are progressing toward the launch of a WiMax enabled product offering later this year.

NewMarket Technology entered into an agreement to acquire a 51% interest in Worldwide as part of a comprehensive plan to build an independently listed Mobility Technology subsidiary. On Monday, NewMarket Technology announced an agreement to acquire Everex:

NewMarket Technology, Inc. to Acquire Everex, a Respected Brand Name in Personal Computing Reporting Approximately $60 Million in Revenue in 2007

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

NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.

NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.

NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to $93.1 million in revenue and $7.3 million in net income in 2007.

About Worldwide Strategies, Inc. (www.wideinc.com)

Worldwide Strategies, Inc. is a development tool stage business that has built a proprietary affinity marketing process and system to provide clients with outsourced services including multi-language capabilities. The affinity market business has signed several substantial contracts but has not established significant revenue.

"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 provisions 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 the Company'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:

    Worldwide Strategies, Inc.
    303-991-5887