Oct. 14, 2009 (World Stock Wire) --
Dallas, TX - (WORLD STOCK WIRE) - October 14, 2009 -- NewMarket Technology, Inc. (OOTC:NWMT) (OTC PINK SHEETS: NWMT) today announced anticipated growth in Brazil to $50 million in annual revenue in 2010. NewMarket opened operations in Brazil in 2006 with the acquisition of a systems integration firm headquartered near Sao Paulo. NewMarket's consolidated revenue worldwide today is approximately $100 million annually with an estimated $20 million coming from the Brazilian operation. NewMarket recently announced an agreement to combine its operation in Brazil with Worldwide Strategies, Inc. (OTCBB: WWSG). The planned transaction with Worldwide will result in an independent listing of NewMarket's Brazilian operation, while the financial results of the operation in Brazil will continue to be consolidated into the NewMarket financial statement.
NewMarket's systems integration operation in Brazil is an Oracle partner with fourteen years experience in the region and a portfolio of over 300 customers, including Wal-Mart (NYSE:WMT) Brazil, DHL, Embraer, Avon, L-Oreal, Hitachi (NYSE:HIT) , and Brasil Telecom. (NYSE:BTM) The technology operation focuses on providing Business Intelligence (BI) as well as Enterprise Resource Planning (ERP), Business Performance Management (BPM), Customer Relationship Management (CRM), Services Oriented Architecture (SOA) and Database Administration (DBA) consulting services.
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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.
Philip Verges, CEO
NewMarket Technology, Inc
14860 Montfort Drive
Suite 210
Dallas, TX 75254
USA
Phone: 972-386-3372
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