(NWMT) NewMarket and (CCTR) China Crescent Look to India With Planned Systems Integration Expansion
10 Agosto 2010 - 3:35PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced the
Company is continuing its expansion efforts into India. Earlier
this year, NewMarket announced plans to expand its systems
integration operations into India as part of a strategic plan to
expand the Company's annual revenue base to augment its 2010 $150
million annual forecast and improve net income. NewMarket provides
systems integration services in China, Southeast Asia, Latin
America, North America and East Africa, with a primary focus on the
world's emerging and growing markets. Systems integration services
include technology reseller, customization, integration,
outsourcing and support services. NewMarket's technology services
operations in China and Brazil are poised to provide offshore
systems integration and technology outsourcing services in the
United States and Western Europe. However, today China and Brazil
are not yet widely recognized as technology outsourcing resources
for Western markets. India is a recognized global technology
services outsourcing resource, and the Company has been developing
plans to expand its outsourcing services, established in 2009,
through geographic expansion into India. Senior management from
both NewMarket and its Greenfield Partner China Crescent
Enterprises, Inc. (OTCBB: CCTR) will be conducting a series of
meetings in India in two weeks to evaluate local systems
integration acquisition candidates.
Sign Up to Receive Regular NewMarket
Updates NewMarket sends regular Company updates to its opt-in,
permission-based email database. Interested investors can easily,
safely and quickly register to receive these communications
directly on the corporate website homepage at
www.newmarkettechnology.com. Recipients can manage their own email
contact profile and safely unsubscribe at any time.
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent 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 last year, the Company expanded its business line to
include original design manufacturing (ODM). China Crescent
reported $45 million in profitable revenue in 2009 after reporting
over $40 million in revenue for both 2007 and 2008 and has set a
goal of reaching $100 million in revenue in 2010.
Headquartered in Dallas with operations in Shanghai, Shenzhen,
Dalian and Beijing, China, Crescent bridges the gap between global
business cultures to assist clients worldwide realize the
advantages of the high quality, low cost technology products and
services available from China. China Crescent also assists clients
in localizing products and services to realize the tremendous
growth potential available by expanding into the Chinese
Market.
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 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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: NewMarket Technology, Inc. Investor Relations
ir@newmarkettechnology.com 214-722-3065
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Lug 2023 a Lug 2024