Contact Information: Contact: Worldwide Strategies, Inc. 303-991-5887
Worldwide Strategies, Inc. Featured in NewMarket Technology, Inc. Exclusive Shareholder Update Webcast Discussing Near Term and Long Range Strategy
| Source: Worldwide Strategies
DENVER, CO--(Marketwire - November 13, 2009) - Worldwide Strategies, Inc. (OTCBB : WWSG ) has
entered into a letter of intent with NewMarket Technology, Inc. as a first
step toward building an emerging market systems integrator by merging
NewMarket's operations headquartered in Brazil with Worldwide. Today,
NewMarket issued an exclusive Shareholder Update Webcast updating its
shareholders on recent corporate initiatives to include the efforts with
Worldwide. A link to the Webcast is available here or on the NewMarket website www.newmarkettechnology.com.
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.
Separately, NewMarket was recently interviewed by the Wall Street Reporter.
The interview includes a review of expected technology growth in emerging
markets and how NewMarket plans to capture its share and a review of
NewMarket's new outsourcing services business growth and nearly $70 million
in new, long-term contracts signed year-to-date. The interview further
covers the recently announced potential contract for an outsourcing
services agreement worth $36 million over three years that would come
through NewMarket's Chinese operating subsidiary. The interview is
available at www.wallstreetreporter.com, or directly via this link:
http://www.wallstreetreporter.com/2009/11/newmarket-technology-otc-bb-nwmt-ceo-interview/
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.