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NewMarket China, Inc. (OTCBB: NMCH), the China regional subsidiary of NewMarket Technology, Inc. (OTCBB: NMKT), announced today a contract with RNM Design of Newport Beach, California. NewMarket China is a growing technology company focused on the rapidly growing Chinese domestic market and is a provider of offshore software development and maintenance services to global customers. NewMarket China was independently publicly listed by its parent company, NewMarket Technology, in October of 2006. NewMarket China went on to close 2006 with over $29 million in revenue, and has forecasted $40 million in revenue for 2007.
RNM Design (www.rnmdesign.com) has engaged NewMarket China to provide offshore outsourcing services to develop a digital multimedia architectural rendering visualization video-based on RNM Design's architectural plans for a new large mixed-use commercial and residential development in Almaty, Kazakhstan. RNM Design has provided Architectural Design, Regional, Urban and Community Planning services for nearly 50 years and is currently involved in numerous international projects in Kazakhstan, Pakistan and Istanbul,[link widoczny dla zalogowanych], Turkey.
NewMarket China is providing the service with the company's recently announced partner Crystal Information Technology Co., Ltd. (www.crystalcg.com) of Shanghai. The companies have entered into a contract to cooperatively provide Multimedia Outsourcing Services to customers in North America, Latin America and beyond. Crystal is a high-tech multimedia company with an impressive portfolio that includes architectural renderings, fully animated construction demonstrations, and urban planning videos. Crystal's more notable projects include full motion architectural renderings for all of the 2008 Beijing Olympic venues as well as the 2010 World Expo venues in Shanghai.
Crystal recently participated in the May 2007 U.S. Multimedia Road Show hosted by NewMarket China and the Shanghai Multimedia Industry Association (SMIA). NewMarket China is working with the Shanghai Multimedia Industry Association to help member companies expand into U.S. markets. The SMIA works to standardize its industry in an effort to build a better business environment for multimedia services in Shanghai. The SMIA is a member of the International Federation of Multimedia Associations (FIAM) and is the authority on the multimedia industry in Shanghai, with more than 148 member companies. The SMIA has extended its influence beyond Shanghai by networking with many other government organizations, media outlets and corporations throughout China. Beyond China, the SMIA has membership in associations and organizations in more than ten countries.
To be added to NewMarket China's corporate e-mail list for shareholders and interested investors,[link widoczny dla zalogowanych], please send an e-mail to [link widoczny dla zalogowanych].
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket assists clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft,[link widoczny dla zalogowanych], Cisco Systems, SAP, Siebel, Oracle and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative,[link widoczny dla zalogowanych], NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
"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,[link widoczny dla zalogowanych], 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 China'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.