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Tuesday September 15, 2009
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NWMT, NewMarket Technology, Inc., NWMT.PK
NewMarket Technology, Inc. Eyes East Africa to Expand Its Nearly $100 Million in Global Sales
- Company Extends Invitation to October Trade Mission to Kenya -
DALLAS, TX–(CRWENEWSWIRE - 09/15/09) - NewMarket Technology, Inc. (Pinksheets:NWMT), a global systems integrator and emerging technology provider, has released an exclusive presentation on its expansion plans into East Africa. The twelve-year-old Company has grown to nearly $100 million in technology and service sales across North America, China, Southeast Asia and Latin America, with a focus on some of the leading emerging economies in those regions that have a large demand for technology hardware, software and services. In the different regions of the globe it operates, NewMarket sells, installs and supports technologies from leading technology providers such as Microsoft, Oracle, and HP as well as some lesser known, but leading edge emerging technology.
The Company is now focused on the emerging economies of East Africa, starting with Kenya. Kenya already has a fiber-optic cable infrastructure in place throughout the country, and three submarine cables under construction or currently coming on line. As the region’s technology and communication infrastructure grows, NewMarket plans to position itself to provide the high-quality, affordable technology products and services needed. To do so, the Company has announced plans to expand its operations in China into the East Africa region. Last year, the Company reported over $40 million in annual sales in China.
Today, NewMarket has released a Webcast discussing in more detail the opportunities the Company sees in the region and a previously announced Trade Mission to Kenya. A link to the Webcast titled ‘NewMarket East Africa Trade Mission Webcast’ is available on the NewMarket website homepage at www.newmarkettechnology.com.
Corporate Information and E-mail Updates
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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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
Source: NewMarket Technology, Inc.
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