NewMarket Technology, Inc. CEO to Participate in Round Table and
Present on Small Business Financing at "Summit on the Industrial
Transformation of Zhu Jian Delta" in Dongguan, China
Tuesday September 9, 10:00 am ET
DALLAS, TX--(MARKET WIRE)--Sep 9, 2008 -- NewMarket Technology,
Inc.'s (OTC BB:NMKTE.OB - News) Chief Executive Officer Philip M.
Verges has been invited to participate in a round table discussion on
small business financing at the "Summit on the Industrial
Transformation of Zhu Jian Delta" on September 22, 2008 in Dongguan,
China. Mr. Verges will join Mr. Tang Min, Chief Economist of the
Chinese Branch of the Asian Development Bank, Mr. Liu Yihui, Head of
Financing Laboratory for the Chinese Academy of Social Sciences, Ms.
Ye Tan the Chief Commentator of the National Business Daily and Larry
Wu, NewMarket's VP of Business Development for Chinese Operations.
Additionally, both Mr. Verges and Mr. Wu will be giving individual
presentations on global small business financing during the two day
summit.
About the "Summit on the Industrial Transformation of Zhu Jian
Delta"
The "Summit on the Industrial Transformation of Zhu Jian Delta"
will take place September 22-23, 2008 in Dongguan, China. The Zhu Jian
Delta, otherwise known as the Pearl River Delta, is located in the
south of mainland China just north of Hong Kong. Dongguan is one of
the biggest manufacturing centers in China, ranking #3 among Chinese
cities in foreign trade. Dongguan is located just outside Shenzhen.
Due to its close proximity to Hong Kong, Shenzhen has been operating
under a free enterprise system for the past 20 years, as one of
China's first "special economic zones." The summit will provide
NewMarket the opportunity to reach hundreds of businesses at once, as
the Company looks to expand both its service offerings and its
operations in China to areas throughout the region.
NewMarket Technology provides hardware and software technology
products and services in China. To date, management has concentrated
on establishing a base of recurring customers and the infrastructure
to support long-term sustainable growth. The Chinese operations have
grown significantly, reporting $29.5 million in 2006 revenue and $40
million in 2007 revenue with $437,824 in net income and $909,771 in
comprehensive income. The Company has forecasted $50 million in
revenue from the Chinese operations in 2008, supporting the Company's
global goal of $120 million in profitable revenue for 2008.
Corporate Information and E-mail Updates
To learn more about NewMarket Technology's global technology
services, please contact
sales@newmarkettechnology.com or 972-386-3372. To be added
to NewMarket Technology's e-mail database to receive company updates
or to obtain more information on the Company, please send an e-mail to
ir@newmarkettechnology.com
or call 214-722-3065.
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. | |
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