NewMarket and China Crescent Announce 2011 Business Plan Webcast Featuring NYSE Euronext and Spinoff Strategy
06 Gennaio 2011 - 3:27PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMTD) (OTCQB: NWMTD) and
China Crescent Enterprises, Inc. (OTCBB: CCTR) plan to release a
Webcast presentation later today to discuss 2011 business plans and
review operational performance in 2010.
China Crescent was recently featured in an on-demand NewMarket
Technology CEO Webcast presentation. In the presentation, NewMarket
CEO Bruce Noller highlighted China Crescent's 2010 operational
performance and 2011 business plan updates. China Crescent reported
$50.9 million in revenue through the first nine months of 2010,
compared to $30.3 million for the same period in 2009, a 67%
increase. Additionally, China Crescent's net income for the first
nine months of 2010 was $3.3 million, up from $1.9 million for the
same period in 2009. NewMarket anticipates reporting over $100
million in revenue with a respectable bottom line in 2010. Revenue
through the third quarter of 2010 was approximately $85 million
compared to $75 million for the same period last year. Net income
through the third quarter of 2010 was $3.9 million compared to $2.2
million for the same period in 2009. The NewMarket CEO Webcast is
available for on-demand review at www.newmarkettechnology.com or
directly at http://tinyurl.com/NewMarket1230.
After a year of substantial growth and expansion in 2010, China
Crescent management plans to pursue a listing on a NYSE Euronext
platform in 2011 as part of a broader overall NewMarket Technology
Greenfield Partner national exchange listing strategy.
Additionally, China Crescent plans to spin off one of its
subsidiary operations in China through a transaction that would
include distribution of stock in the subsidiary operation to China
Crescent shareholders.
China Crescent recently released a letter to shareholders
(http://tinyurl.com/CCTRLTS). The letter reviews China Crescent's
operational successes in 2010 and highlights potential operational
successes anticipated in 2011. The letter also reviews the Small
Equity Initiative and its participation in the recent Economist
Magazine's World in 2011 Festival that included President Clinton
and the Clinton Foundation and in the United Nations International
Strategy for Disaster Reduction (UNISDR).
A link to the Webcast scheduled for today will be posted to both
the NewMarket Technology website www.newmarkettechnology.com and
the China Crescent website www.chinacrescent.com upon release.
About 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.
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. Headquartered in Dallas with
operations in China, 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.
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'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
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