DALLAS, TX--(Marketwire - October 28, 2010) - NewMarket Technology, Inc.'s (
The United Nations International Strategy for Disaster Reduction (www.unisdr.org) joined the Greenfield program and the Small Equity Initiative in Nairobi this week on a Trade Mission intended to stimulate small business investment in high growth potential enterprises. The pilot program is intended to urge private sector innovation and investment aimed at reducing disaster risk. To learn more about the Private Sector Disaster Risk Reduction Pilot Program, please visit: http://tinyurl.com/24o2jbb.
The conference began with a welcome from the Kenya Investment Authority (www.investmentkenya.com). During the Trade Mission, team members conducted a series of educational seminars for entrepreneurs including an introduction to capital markets and early and development stage best practices in high growth markets. Additionally, approximately 200 entrepreneurs attended the conference with several entrepreneurs pre-qualified by the Kenya ICT Board (www.ict.go.ke) presenting their business plans to the Trade Mission team. Kenya ICT Board is focused on promoting Kenya as an ICT destination while increasing the country's skilled labor pool and socio-economic enrichment of Kenyan society. The trade mission has been hosted by Savanna East Africa, Inc., (
Greenfield Program Webcast
NewMarket recently released a Greenfield Partnership Program Webcast reviewing the Company's operational and financial benefits since founding the program last year. The Webcast also reviews Greenfield program participant companies, the Trade Mission to East Africa and the recently announced pilot program for the United Nations International Strategy for Disaster Reduction (UNISDR). The Webcast also discusses the current state of small business capital formation in the U.S. and globally, the mission of the Greenfield program and the tentative Trade Mission program for 2011.
The Webcast is currently available for review at www.newmarkettechnology.com on the Investor Relations page titled 'NewMarket Technology Greenfield Program Webcast: United Nations Benchmark.'
About the United Nations International Strategy for Disaster Reduction (www.unisdr.org)
The International Strategy for Disaster Reduction (ISDR) is a strategic framework, adopted by United Nations Member States in 2000, aiming to guide and coordinate the efforts of a wide range of partners to achieve substantive reduction in disaster losses and build resilient nations and communities as an essential condition for sustainable development.
About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 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.
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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.
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Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065