(NWMT) NewMarket Technology Changes Business Strategy to Unlock Value of Subsidiary Operations
2011年5月10日 - 11:58PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) recently updated the
Company's business strategy to transition from competing as a
multinational systems integrator to working as a conglomerate of
leading regional systems integrators. The primary objective of the
business strategy change is to unlock what management believes to
be the yet unrecognized value of the subsidiary operations.
NewMarket's independent public subsidiary China Crescent
Enterprises, Inc. (PINKSHEETS: CCTR) recently announced a letter of
intent with NuMobile, Inc. whereby NuMobile would acquire a China
Crescent subsidiary with approximately $22 million in annual
revenue providing original design and manufacturing services
primarily within the mobile communications market sector. The
NewMarket Webcast scheduled for release later today will present
the proposed transaction between NuMobile and China Crescent to
further illustrate both NewMarket and China Crescent's updated
business strategies as regional systems integration leaders.
A link to the Webcast will be posted to NewMarket's corporate
website, www.newmarkettechnology.com, upon release and sent to
corporate email subscribers.
NewMarket recently released two management Webcasts, the first
from CFO Philip J. Rauch reviewing the Company's 2010 financial
performance as reported on Form 10-K. NewMarket reported $118
million in annual revenue and $2.6 million in net income for 2010,
up from $98 million in revenue and $1.6 million in net income for
2009. The second Webcast, from CEO Bruce Noller, provides a brief
Company background and review of NewMarket and China Crescent's
updated business strategies. The recent Webcasts are available for
review on the Company's corporate website,
www.newmarkettechnology.com, under Investor Relations.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com)
NewMarket Technology's (PINKSHEETS: NWMT) (OTCQB: NWMT) current
portfolio of operating subsidiaries provides systems integration
and technology infrastructure services. NewMarket's operations
strategically focus on providing technology and support services in
emerging and developing economies with high growth rate potential.
NewMarket has operating subsidiaries today in China, Singapore,
Brazil and Northern Latin America.
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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