Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. and Worldwide Strategies, Inc. Present $1 Billion National Exchange Listing Plan With Introduction by Former Dallas Federal Reserve Chairman
Joint On-Demand Webcast Available Online
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 22, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
and Worldwide Strategies, Inc. (OTCBB : WWSG ) today released a joint,
on-demand Webcast to present a detailed overview and status update on a
previously announced agreement to merge NewMarket's operations
headquartered in Brazil with Worldwide. James Samuels, CEO of Worldwide,
and Philip Verges, CEO of NewMarket, met in Dallas this week with legal and
accounting teams to finalize terms for the definitive agreement expected to
be executed by the end of the year. The Webcast presentation includes the
bigger picture objective to combine additional NewMarket operations into
Worldwide following a successful listing of Worldwide on a national
exchange. In the Webcast introduced by former Dallas Federal Reserve
Chairman and Retired Major General Hugh G. Robinson, the Worldwide and
NewMarket CEOs outline a plan to build a national-exchange listed company
with $1 billion in revenue and a share price aligned with fundamental
financial performance.
NewMarket's operation in Brazil has approximately $20 million in annual
revenue. The anticipated merger is expected to include a dividend of
Worldwide common stock to NewMarket shareholders. NewMarket will be the
majority shareholder of Worldwide as a result of the transaction and the
operations in Brazil will continue to be consolidated into NewMarket's
financial statement in addition to being independently reported in the
Worldwide financial statement.
NewMarket is a global systems integrator and emerging technology provider.
The twelve-year-old Company has grown to nearly $100 million in technology
and service sales across North America, China, Southeast Asia and Latin
America, with a focus on some of the leading emerging economies in those
regions that have a large demand for technology hardware, software and
services. In the different regions of the globe it operates, NewMarket
sells, installs and supports technologies from leading technology providers
such as Microsoft, Oracle, and HP as well as some lesser known, but leading
edge emerging technology.
NewMarket's Systems Integration Operation in Brazil
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.
A link to the Webcast is available on both the corporate website homepage
and investor relations page at www.newmarkettechnology.com titled
'NewMarket -- Worldwide Strategies Webcast.'
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
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.
"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.