NewMarket Technology, Inc. Invited to Explore Jobs Creation Program Sanctioned by President of Mexico at International Mayors Conference in Dallas, Texas
Friday December 1, 10:02 am ET
Over $20 Million of NewMarket's Projected $70 Million in Profitable Annual Revenue for 2006 Comes from Latin America
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) has been invited to explore jobs creation programs in Mexico. The governors and mayors of Mexico have been directed by the President of Mexico to actively create jobs in their regions. Representatives from each state and a number of cities in Mexico will be presenting the program details and benefits at upcoming meetings in Dallas scheduled for January 22-23, 2007. NewMarket has been invited and will attend to explore these opportunities in line with the Company's growing operations in Latin America.
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NewMarket Latin America Operation
NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations and the Company has plans to continue to grow their operations in the region. NewMarket Technology and Paragon Financial Corporation (OTC:PGNF - News) announced yesterday entering into a letter of intent agreement to combine NewMarket's Latin America operations into Paragon Financial Corporation. The transaction would result in NewMarket owning a majority equity position in Paragon Financial (news - biz.yahoo.com/bw/061130/20061130005702.html?.v=1) and continuing to report consolidated financials.
NewMarket China and Intercell International Corporation
NewMarket's Latin America operation would be the Company's second consolidated subsidiary to be independently listed supporting NewMarket's business plan to issue publicly listed subsidiary stock to NewMarket shareholders in dividend declarations. NewMarket recently listed its Chinese operating subsidiary with a revenue forecast of $40 million for fiscal year 2007 in a transaction with Intercell International Corporation (OTCBB:IICP - News). Intercell is now an independently listed, consolidated subsidiary of NewMarket and is in the process of changing its name to NewMarket China.
NewMarket's Micro Cap Emerging Technology Strategy Focused on Developing Economies Worldwide and in the US
NewMarket Technology has a history of rapid growth in the developing economies of Latin America, Asia and the US. Since 2002, the Company has built revenue from less than $1 million to a projected $70 million in profitable revenue for fiscal year 2006 and an announced revenue forecast of $120 million for 2007. With over $40 million of the total revenue being attributed to these overseas developing economies, NewMarket's growth internationally is an integral part of the Company's success. This record growth has earned NewMarket increasing recognition for the past three years on the Deloitte Technology Fast 500 with a 5th place ranking in 2006, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
NewMarket's strategy is to incubate emerging technologies, grow regional operations and eventually distribute investment returns on these technologies and operations in the form of shareholder dividends. Management is ramping up the process of publicly listing its regional subsidiaries and emerging technology subsidiaries, as with the recent listing of the Company's Chinese operations.
NewMarket anticipates further announcements regarding the public listing of other subsidiary operations in the imminent future.
The Company has plans to continue to leverage the business opportunities of developing economies both worldwide and in the US. NewMarket is currently exploring opportunities through the Department of Economic Development in the City of New Orleans related to the active rebuilding campaign currently underway in the city after Hurricane Katrina. In conjunction with NewMarket's business development initiatives in New Orleans and to demonstrate NewMarket's commitment to the economic redevelopment of New Orleans, the Company has selected the City of New Orleans as the venue for the 2006 Annual Town Hall meeting.
NewMarket Town Hall Meeting
Shareholders and interested investors are encouraged to attend the NewMarket Technology Annual Town Hall on December 7th in New Orleans to hear presentations on the Company's business plan, review 2006 performance, as well as the Company's strategy to continue its rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007.
Additionally, NewMarket is hosting a tour of the city on Dec. 8th at 1 pm CST for anyone interested in seeing the City of New Orleans' progress in rebuilding and learning more about the current business and investment opportunities in the city. Representatives of New Orleans will be on hand to discuss the current opportunities. Space is limited, so please RSVP to wmarks@newmarkettechnology.com to reserve a seat.
For additional details on the Town Hall meeting, including times, venue and discounted travel arrangements available to attendees, please visit www.newmarkettechnology.com. If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
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 to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), Hyperion Solutions (Nasdaq:HYSL - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered 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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
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Source: NewMarket Technology, Inc.
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