NewMarket Greenfield Partners Savanna East Africa, China Crescent and NuMobile Highlight Africa and China Cooperative Economic D
23 Settembre 2010 - 4:05PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT)(OTCQB: NWMT)
Greenfield Partnership Program participants Savanna East Africa,
Inc. (PINKSHEETS: NVAE)(OTCQB: NVAE) and China Crescent
Enterprises, Inc. (OTCBB: CCTR) have partnered to market and
deliver high quality, affordable technology products and solutions
from China into the growing technology market of East Africa. The
companies view the partnership as a natural fit which is
strengthened by China's recent interest in Africa as a target for
expansion. Recent reports indicate that in the past 10 years, China
has increased its investment in Africa nearly ten-fold to $90
billion. According to the IMF, 12 of the top 28 fastest growing
economies by GDP in the world are in Africa, making it a prime
target for the Greenfield Partners and their high growth, emerging
market strategy. For example, China crescent recently announced
that its original design manufacturing (ODM) subsidiary, Shenzhen
Newbao Technology Co. Ltd., completed the sale of its proprietary
GPS tracking devices to a confidential ICT systems integration firm
headquartered in Nairobi, Kenya.
Savanna East Africa has also partnered with NuMobile, Inc.
(OTCBB: NUBLD) on a wireless, real-time utilities metering
initiative in East Africa. Savanna recently announced plans to
demonstrate the project's capabilities during a trade mission to
Kenya next month. In addition to the wireless metering project,
Savanna is also working with NuMobile on a mobile wallet
application.
NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. The Greenfield Program concentrates on early
stage, rapid growth opportunities in the world's emerging markets,
with program participants in China, Southeast Asia, South and
Central America and East Africa, in addition to a handful of
program participants in North America.
To learn more about the Greenfield Partnership Program, please
review a recent Benchmark Report issued by the program available
for on-demand review here:
http://www.newmarkettechnology.com/wcgf_20100917.htm.
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About NewMarket Technology, Inc.
(www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator.
NewMarket's current portfolio of operations provides systems
integration, technology infrastructure services and emerging
technology. NewMarket's operations strategically focus on providing
technology and support services in emerging and developing
economies with high growth rate potential 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, Africa, 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.
NewMarket's operations provide services and support for both
brand-name technologies, such as Microsoft, as well as emerging
technologies ranging from mobile computing to 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.
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vary materially from those contemplated by these forward-looking
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forward-looking statements. These risks and uncertainties include,
among other things, product demand and market competition. You
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Contact: NewMarket Technology, Inc. Investor Relations
ir@newmarkettechnology.com 214-722-3065
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