NewMarket Technology, Inc. (NWMT) Releases Systems Integration Update Webcast
17 Mars 2011 - 8:16PM
Marketwired
NewMarket Technology, Inc. (OTCQB: NWMT) today released an
on-demand Webcast from NewMarket CEO Bruce Noller highlighting the
Company's business plan re-focus on systems integration. NewMarket
and its subsidiary, China Crescent Enterprises, Inc. (OTCQB: CCTR),
provide diversified technology services, primarily in emerging
economic markets, with the bulk of services being systems
integration. The technology services provided by NewMarket and
China Crescent have in previous years been more diverse, but the
Companies are now re-focusing on systems integration. Additionally,
the Webcast discusses the current and changing state of the
over-the-counter market, which both NewMarket and China Crescent
trade on, and the recent move of China Crescent's stock quotation
exclusively to the OTC Markets Group, Inc.'s OTCQB, effective
February 23, 2011. The OTCQB is one of three tiers established by
OTC Markets and identifies companies that are fully-reporting with
the SEC, to include China Crescent. China Crescent was previously
dually quoted on both the OTCBB and OTC Markets quotation systems.
Recently, more than 800 dually quoted companies, including China
Crescent, moved to being quoted exclusively on the OTCQB. The FINRA
operated OTCBB, now contains approximately 20 securities which are
quoted solely on this system and represent less than 0.1% of the
average daily dollar volume for the entire OTC market. Finally, the
Webcast discusses the intended benefits to shareholders of the
refocused systems integration business plan and the Companies'
intent to eventually achieve an upgraded listing.
The Webcast is now available for on-demand review on NewMarket's
corporate website, www.newmarkettechnology.com by clicking on
"Investor Relations", China Crescent's corporate website,
www.chinacrescent.com, by clicking on "Webcasts" or directly at
http://tinyurl.com/NWMT31711.
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) is a
systems integration service provider that markets technology
outsourcing services in China including the sale and service of
brand name technologies such as Microsoft, Cisco, IBM, HP and Dell.
Following a strategic acquisition in 2009, the Company expanded its
business line to include original design manufacturing (ODM). China
Crescent reported $45 million in profitable revenue in 2009 after
reporting over $40 million in revenue for both 2007 and 2008.
Headquartered in Dallas with operations in China, China Crescent
bridges the gap between global business cultures to assist clients
worldwide realize the advantages of the high quality, low cost
technology products and services available from China.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology's (PINKSHEETS: NWMT) (OTCQB:
NWMT) 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, 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.
"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.
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Contact: NewMarket Technology, Inc. Investor Relations Email
Contact
China Crescent Enterprises (CE) (USOTC:CCTR)
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