NewMarket Technology, Inc. Issues Update on Greenfield Program Progress in East Africa in On-Demand Webcast
22 Dicembre 2009 - 5:20PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released an
on-demand Webcast providing an update on progress in Africa in
conjunction with the Company's Greenfield program and its
participating companies. NewMarket started the Greenfield
partnership program to accelerate the introduction of new
technologies into emerging markets around the world where
technology buying is on the rise, while improving return on
investment (ROI) potential. Companies currently participating in
the program include China Crescent Enterprises, Inc. (OTCBB: CCTR),
NuMobile, Inc. (OTCBB: NUBL) and Alternet Systems, Inc. (OTCBB:
ALYI). These companies were chosen to participate in the
partnership program based on their technology and service offerings
in conjunction with the emerging geographic markets in which they
currently participate, such as China, Latin America and East
Africa.
China Crescent Enterprises, Inc.
China Crescent is a systems integration service provider in
China that markets technology outsourcing services that include the
sale and service of brand name technologies such as Microsoft,
Oracle, Cisco, IBM, HP and Dell. China Crescent reported over $40
million in annual revenue in both 2007 and 2008, and recently
reported $30 million in revenue through the first nine months of
the year ending September 30, 2009, with record net income of $1.8
million compared to $517k in net income for the same period in
2008.
NuMobile, Inc.
NuMobile is building a portfolio of software solutions for the
global mobile computing and smartphone market and in 2009 acquired
two companies with proprietary technology focused on mobile network
security. Additionally, NuMobile announced a potential $20 million
contract and two additional pending acquisitions focused on SMS,
MMS, IVR, and identity management solutions for SaaS and Cloud
computing.
Alternet Systems, Inc.
Alternet's solutions focus on effective and profitable mobile
payment and m-commerce systems and solutions that tie together
telecom operators, financial institutions, and payees such as mass
public transportation and utility providers. With the majority of
the population in emerging markets belonging to the "unbanked"
sector, mobile banking opens up a major opportunity to deliver
financial services to a rapidly growing subscriber base.
Penetration of mobile services around the world has increased
rapidly, with the subscriber base worldwide growing from just over
11 million mobile phone users in 1990 to over 3 billion in 2008.
Growth is particularly impressive in developing economies. With
only 1 billion bank accounts worldwide and close to 4 billion
mobile phone subscribers, both mobile network operators and
financial institutions recognize the value proposition in offering
mobile financial services. Alternet is currently focused on
providing its service offerings to the Latin American
marketplace.
A link to the Webcast titled 'NewMarket Greenfield Program
Africa Update Webcast' is available on the homepage and investor
relations page of the NewMarket website www.newmarkettechnology.com
and the NuMobile website www.numobileinc.com.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more
information on the Company, please visit
www.newmarkettechnology.com.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports
filed with the SEC. 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. Last year the Company reported over $40 million in revenue
from Asia and over $20 million in revenue from Latin America.
Overall, NewMarket reported over $95 million in revenue for
2008.
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 has 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.
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Contact: NewMarket Technology, Inc. Investor Relations
214-722-3065 ir@newmarkettechnology.com
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