Contact Information: Contact: Worldwide Strategies, Inc. 303-991-5887
Worldwide Strategies, Inc. Moves Closer to Launching Mobility Technology Solution and Introducing WiMax Enabled Product Offering
| Source: Worldwide Strategies
DENVER, CO--(Marketwire - June 25, 2008) - Worldwide Strategies, Inc. (OTCBB : WWSG ) today
announced moving closer to launching the Mobility Technology Solution
previously announced in its agreement with NewMarket Technology, Inc.
Together the companies are progressing toward the launch of a WiMax enabled
product offering later this year.
NewMarket Technology entered into an agreement to acquire a 51% interest in
Worldwide as part of a comprehensive plan to build an independently listed
Mobility Technology subsidiary. On Monday, NewMarket Technology announced
an agreement to acquire Everex:
NewMarket Technology,
Inc. to Acquire Everex, a Respected Brand Name in Personal Computing
Reporting Approximately $60 Million in Revenue in 2007
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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 $93.1 million in revenue
and $7.3 million in net income in 2007.
About Worldwide Strategies, Inc. (www.wideinc.com)
Worldwide Strategies, Inc. is a development tool stage business that has
built a proprietary affinity marketing process and system to provide
clients with outsourced services including multi-language capabilities. The
affinity market business has signed several substantial contracts but has
not established significant revenue.
"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 provisions 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 the Company'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.