Contact Information: Contact: Worldwide Strategies, Inc. 303-991-5887 NewMarket Technology, Inc. Investor Relations 214-733-3065 ir@newmarkettechnology.com
Worldwide Strategies, Inc. to Present 2010 $50 Million Strategy With Merger Anticipated by Year End to Bring Customers Including Wal-Mart Brazil, Hitachi and Embraer
Former Dallas Federal Reserve Chairman Hugh G. Robinson to Host Webcast Scheduled for Release on Thursday, October 22
| Source: Worldwide Strategies
DENVER, CO--(Marketwire - October 20, 2009) - Worldwide Strategies, Inc. (OTCBB : WWSG ) today
announced that the Company is scheduled to release a strategic update
Webcast Thursday, October 22, to review recent updates on the planned
transaction between Worldwide and NewMarket Technology, Inc. (PINKSHEETS : NWMT ). Former Dallas Federal Reserve Chairman and Retired Major General
Hugh G. Robinson, a board member of NewMarket, is slated to host the
presentation.
Worldwide has announced an agreement with NewMarket whereby NewMarket will
merge its operations headquartered in Brazil with Worldwide. NewMarket's
operation in Brazil has approximately $20 million in annual revenue. The
planned transaction with Worldwide would result in an independent listing
of NewMarket's Brazilian operation, while the financial results of the
operation in Brazil would continue to be consolidated into the NewMarket
financial statement.
NewMarket's systems integration operation in Brazil is an Oracle partner
with fourteen years experience in the region and a portfolio of over 300
customers, including Wal-Mart Brazil, DHL, Embraer, Avon, L-Oreal, Hitachi,
and Brasil Telecom. The technology operation focuses on providing Business
Intelligence (BI) as well as Enterprise Resource Planning (ERP), Business
Performance Management (BPM), Customer Relationship Management (CRM),
Services Oriented Architecture (SOA) and Database Administration (DBA)
consulting services.
Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a
retired Major General with a distinguished career serving in the United
States Army. Among other prestigious posts, Mr. Robinson served as
President Lyndon Johnson's military aide de camp. In addition to his public
service experience, Mr. Robinson's career has included extensive executive
management experience with senior positions at Southland Corporation and
City Place Development Corporation. He is a graduate of the United States
Military Academy at West Point and earned a Masters Degree in Civil
Engineering from the Massachusetts Institute of Technology (MIT). In
addition to his role at NewMarket Technology, Mr. Robinson currently serves
on the board of Carmax, Inc., the LBJ Foundation and the Better Business
Bureau.
Worldwide CEO Letter to Shareholders
Last week, Worldwide CEO James Samuels released a letter to shareholders.
The letter is addressed to the shareholders of NewMarket and NewMarket
Latin America, Inc. as well as the shareholders of Worldwide. Mr. Samuels
discusses the plan for the three companies to achieve a national exchange
listing and improved share price with a potential to achieve a 400% to 500%
increase in the resulting market capitalization.
Mr. Samuels' letter discussing the strategy is available here:
http://www.marketwire.com/press-release/Worldwide-Strategies-1060124.html.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. 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.
About Worldwide Strategies, Inc.
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.