(NWMT) NewMarket and China Crescent (CCTR) Announce Letter of Intent With Systems Integration Operation in India
02 Novembre 2010 - 2:25PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and
Greenfield partner China Crescent Enterprises, Inc. (OTCBB: CCTR)
today announced a letter of intent with a systems integration
operation headquartered in Hyderabad, India. NewMarket and China
Crescent previously announced plans to establish a systems
integration operation in India as part of an overall plan to
increase profits and accelerate revenue growth. The two companies
plan to release a Webcast this Friday, November 5th, to provide an
overview of the letter of intent and strategic plan to increase
profits and accelerate revenue growth with an Indian operation. A
link to the Webcast will be made available on the companies'
websites upon release and sent to the opt-in email databases.
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.
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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 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.
"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 Technology's and / or
China Crescent'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 Email
Contact 214-722-3065
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni China Crescent Enterprises (CE) (USOTC:CCTR)
Storico
Da Ago 2023 a Ago 2024