(NWMT) NewMarket Technology to Present 2011 Business Plan Updates Following 2010 Performance Review
20 Avril 2011 - 8:13PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today
announced the Company plans to present updates to the Company's
business plan for 2011 following a Webcast review of its 2010
annual performance. The Company's subsidiary operation, China
Crescent Enterprises, Inc. (OTCQB: CCTR), recently filed its annual
report for 2010 on Form 10-K with the Securities and Exchange
Commission. China Crescent reported $78.2 million in revenue and
$4.2 million in net income for 2010, up from $45.6 million in
revenue and $2.2 million in net income reported in 2009.
NewMarket's annual report on Form 10-K will be filed shortly, with
a Webcast review to follow. A subsequent announcement will be made
when the NewMarket annual report is filed to include details on the
release of a corresponding Webcast review. Overall, NewMarket
reported over $85 million in revenue through the first three
quarters of 2010 with net income of more than $3.9 million for the
same period. The Company reported over $98 million in revenue and
net income of $1.6 million in 2009.
A link to the Webcasts will be posted to the Company's corporate
website www.newmarkettechnology.com under 'Investor Relations' upon
release and emailed to corporate email subscribers.
Recent Letter to Shareholders and Re-Focus on
Systems Integration NewMarket recently released a letter to
shareholders and a Webcast from CEO Bruce Noller reviewing the
Company's plans to re-focus on the information technology market.
NewMarket provides systems integration services globally, primarily
concentrated on emerging market regions. The recent letter and
Webcast are available for review on the Company's corporate
website, www.newmarkettechnology.com, under 'Investor
Relations.'
Shortly following the release of the Webcast reviewing the
Company's 2010 performance, NewMarket anticipates releasing a
follow up to Mr. Noller's recent Webcast and letter to shareholders
with more details on the Company's updated business plans for
2011.
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.
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
revenue for 2009.
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 Investor Relations Email
Contact
China Crescent Enterprises (CE) (USOTC:CCTR)
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