NewMarket (NWMT) Announces $2 Million Telecommunications
NewMarket (NWMT) Announces $2 Million Telecommunications Contract in North America Highlighting Innovative Greenfield Partners NuMobile (NUBL) and Alternet (ALYI)
DALLAS, TX -- (Marketwire) -- 04/22/10 -- NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced a new $2 million telecommunications contract with a customer in North America. The project is expected to be completed within the 2010 calendar year. The customer selected NewMarket based on the Company's demonstrated ability to implement highly customized telecommunication solutions. The customer and the specifics of the contract remain confidential at the customer's request. NewMarket continues to produce telecommunications innovations through its Greenfield Partners NuMobile, Inc. (OTCBB: NUBL) and Alternet Systems, Inc. (OTCBB: ALYI).
"NewMarket's revenue and net income grew in 2009 primarily from increased sales in our operations outside of North America," said Bruce Noller, Company CEO. "North America was more impacted by the global financial crisis than our operations overseas. For instance, our operation in China reported nine percent revenue growth to $45 million with record net income of over $2 million in 2009, contributing to NewMarket's almost $100 million in approximate annual revenue. We are optimistic that this new contract in North America, in combination with the development of a promising 2010 sales pipeline in North America, is a good indication of our operations in North America also seeing revenue growth in 2010 in addition to the growth we anticipate from our overseas operations."
About Greenfield Partnership Program
The NewMarket Technology Greenfield Partnership Program was introduced in 2009 to accelerate and enhance the introduction of new technology innovations into new markets, including those markets with diversified, high growth opportunities. Greenfield Program participant companies have been chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they operate. NewMarket is a re-seller of its Greenfield Partnership Program participant companies technologies and provides basic back office support to the companies as they establish and grow their operations. Additionally, NewMarket provides cross-selling channels for participant companies with complementary technologies. Current Greenfield Program participant companies include Alternet Systems, Inc., China Crescent Enterprises, Inc., Nova Energy, Inc. and NuMobile, Inc..
About NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of Latin America and East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.
About Alternet Systems Inc. (www.alternetsystems.com)
Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services in the Americas and Caribbean. Alternet has regional presences in 17 countries throughout the region through a network of fulfillment partners and agents. Alternet's subsidiaries provide a comprehensive suite of hosted and Software as a Service (SaaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Alternet subsidiaries include Utiba Americas, a joint venture with Utiba Pte Ltd., the leading provider of mobile payment and financial transaction software and Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing services.
About NewMarket Technology, Inc. (http://www.newmarkettechnology.com/)
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 firstname.lastname@example.org