NewMarket Latin America, Inc. Announces RKM IT Solutions’ Sale of
Microsoft License to Banco Real, Banco de Desarrollo, C.A.
CEO Recently Interviewed on Wallst.net Discussing $30 Million
Revenue Goal for 2008 and More than $20 Million in Profitable Revenue
from Operations in 2007
DALLAS, TX – March 27, 2008 -- NewMarket Latin America, Inc. (OTC:
NLAI) today announced that RKM IT Solutions (RKM) has completed the
sale of a corporate Microsoft License for Servers and Workstations to
Banco Real, Banco de Desarrollo, C.A. of Venezuela under RKM’s
Microsoft Large Account Reseller and Enterprise Software Advisor (LAR/ESA)
partner status. The entire revenue for the licensing will be realized
in the first quarter of 2008. RKM’s Microsoft sales increased 345% in
their region last year over the same period in the prior year due in
part to the company's recent upgrade to LAR/ESA partner status from
Gold Partner. The period tracked was from July 2007 to December 2007
compared to July 2006 to December 2006. Additionally, RKM exceeded
their Microsoft sales quota by 159% from July to September 2007, and
by 287% from October to December 2007.
Banco Real (www.bancoreal.com.ve)
is a development bank focused on micro, small and medium sized
businesses. Banco Real has more than 7,000 accounts and 4,000 open
lines of credit.
RKM’s Microsoft Partner Upgrade
In 2007, RKM’s Microsoft partner status was upgraded to a LAR/ESA
from Gold Partner. LAR/ESA Partners significantly expand Microsoft’s
reach both geographically and to the rapidly growing category of
Mid-Market and corporate customers. This recent partnership allows RKM
to significantly extend its existing Microsoft Gold partnership to
offer high volume licensing, specifically “Enterprise Agreement” (EA)
and “Select” for companies with more than 250 PCs and support services
to large enterprise and institutional customers. Prior to their
selection to the LAR/ESA Partner program, RKM has been a Microsoft
Gold Partner since 2001, winning the 2003 Microsoft Infrastructure
Solution of the Year award in Venezuela.
NewMarket Latin America and RKM
NewMarket Latin America is in the process of consolidating RKM into
the Company and being brought current with its reporting requirements
in order to move back to the OTCBB. NewMarket Latin America is a
U.S.-based company headquartered in Sao Paulo, Brazil, with operations
being consolidated into the Company throughout Latin America, to make
it a premier business intelligence and systems integration firm,
representing technologies from leaders such as Microsoft and Oracle,
which recently acquired Hyperion.
CEO Aubrey Brown Recently Interviewed by Wallst.net
Company CEO Aubrey Brown interviewed with WallSt.net Friday,
February 29. In the interview, Mr. Brown discussed the company's
business plan to report an anticipated $30 million in profitable
revenue in 2008. Aubrey Brown is the president of a company
headquartered in Sao Paulo, Brazil, with operations in Chile and
throughout South America that achieved over $20 million in revenue in
2007. Additionally, organic sales growth for that company has exceeded
20% annually for the last two years. Mr. Brown is currently managing
the consolidation of that company into NewMarket Latin America and
anticipates completing that consolidation shortly after completing an
audit of the operations to be consolidated. That audit is underway and
scheduled to be completed by March 31, 2008.
To hear the interview in its entirety, go to
http://www.wallst.net/audio/audio.php?ticker=NLAI&id=4533.
Company Updates and Information
To be added to NewMarket Latin America’s e-mail database for
shareholders and interested investors or to receive information on the
company, please send an e-mail to
ir@newmarketlatinamerica.com.
About RKM IT Solutions (www.rkmve.com)
RKMis a sixteen-year-old systems integration and IT outsourcing
services firm recognized in Venezuela and throughout northern South
America as a leading provider of mission critical voice, data and
video network solutions, as well as systems integration and help desk
support. Clients include the Top 50 international corporations in the
country, as well as a strong presence in the Oil and Gas, Banking and
Manufacturing industry.
RKM is also a regionally certified partner for Cisco Systems,
Novell, Computer Associates, IBM, Hewlett-Packard, Systimax and
Microsoft. RKM was awarded the 2003 Microsoft Infrastructure Solution
of the Year in Venezuela and has been recognized as a Microsoft Gold
Partner and now a Microsoft LAR/ESA partner.
The company is expanding its system integration and IT outsourcing
services in the Caribbean, Colombia, Ecuador, Peru and Mexico.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America provides world class systems integration
services through relationships with Hyperion, Oracle, SAP, SSA Global,
Microsoft and many more. NewMarket Latin America has major customers
in various sectors such as Oil and Gas, Consumer Products, Financial
Services, and Pharmaceuticals Industries. NewMarket Latin America
deliver solutions to regional customers in addition to specializing in
helping US clients expand their businesses and operations into one of
the fastest growing economic regions in the world. NewMarket Latin
America has offices and operations throughout Latin America. NewMarket
Latin America also identifies emerging technologies developed within
the region and brings those latest technologies to market worldwide.
These innovations help clients grow their businesses and gain a new
competitive advantage.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive
company updates or for more information on the company, please send an
e-mail to
ir@newmarkettechnology.com.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a technology leader in the rapidly developing
Chinese market specializing today in software engineering, high
quality software development and digital multimedia outsourcing
services delivered to customers globally. At the same time, the firm
is a systems integrator and value added reseller of major global
hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and
Beijing, NewMarket China bridges the gap between Western and Eastern
business cultures to assist western clients in realizing the
advantages of the high quality, low cost technology products and
services available from China. NewMarket China also assists Western
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 helps clients maintain the delicate balance between
maintaining legacy systems and gaining a competitive edge from the
latest technology innovations. NewMarket provides certified
integration and maintenance services to support the prevailing
industry standard solutions such as Microsoft, Cisco Systems, SAP,
Siebel and Sun Microsystems. Concurrently, NewMarket continuously
seeks to acquire emerging technology assets to incorporate into an
overall product portfolio carefully packaged to complement the
prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through
its network of Solution Integration subsidiaries in North America and
the leading emerging markets around the world to include, Latin
America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United
States and Number Five in North America on Deloitte's 2006 Technology
Fast 500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America.
Rankings are based on percentage revenue growth over five years, from
2001-2005. The Company grew from less than $1 million in revenue in
2001 to over $50 million in profitable revenue in 2005. In 2006, the
company continued its rapid growth, reporting $77.6 million in revenue
with a net income of $5.8 million.
"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. |