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NewMarket Technology,[link widoczny dla zalogowanych], Inc. (PINKSHEETS: NWMT) today announced a Trade Mission to China in conjunction with the 2010 World's Fair being held in Shanghai,[link widoczny dla zalogowanych], China. The purpose of the Trade Mission will be to present Greenfield investment opportunities. NewMarket introduced its Greenfield Partnership Program earlier this year to facilitate the growth of early stage technology companies, such as NuMobile,[link widoczny dla zalogowanych], Inc. (OTCBB: NUBL) which is scheduled to be included on the Trade Mission agenda. In addition to Trade Mission participants having the opportunity to participate in World's Fair events and to review Greenfield investment opportunities, Trade Mission participants will also have the opportunity to visit NewMarket's operations in China.
NewMarket's Operation in China: $30 Million Revenue Reported YTD, Record Net Income, Microsoft and Oracle Technologies and Growing
NewMarket's subsidiary operation in China is a systems integration service provider that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco,[link widoczny dla zalogowanych], IBM, HP and Dell. The operation in China reported over $40 million in annual revenue in both 2007 and 2008, and recently reported $30 million in revenue through the first nine months of the year ending September 30, 2009, with record net income of $1.8 million.
NewMarket provides systems integration services, to include technology reseller,[link widoczny dla zalogowanych], customization, integration, and support services, in Southeast Asia, Latin America and North America, as well as China, and is actively expanding its business services into the growing markets of East Africa. In 2008, NewMarket reported $95 million in global revenue and has forecasted profitable revenue growth in 2009 compared to 2008.
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