NewMarket Technology, Inc. Names Aubrey Brown as President of Systems Integration Subsidiary to be Independently Listed With $20 Million in Revenue Expected in 2006
Thursday November 9, 10:03 am ET
Systems Integration Business to be Separately Listed Like Recent Listing of Consolidated Chinese Subsidiary Operation with $20 Million in 2006 Revenue
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced Aubrey Brown as the President of NewMarket's systems integration subsidiary. NewMarket is consolidating four systems integration companies acquired separately over the previous four years into a single systems integration subsidiary. The consolidated systems integration companies will have profitable revenue exceeding $20 million annually from operations in North and South America, as well as, South East Asia. In conjunction with NewMarket's strategic plan, the systems integration subsidiary will be listed publicly independent of NewMarket while still remaining as a consolidated subsidiary for financial reporting purposes.
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As an example of NewMarket's plan for its systems integration subsidiary, NewMarket Technology recently announced the independent public listing of its consolidated subsidiary, NewMarket China, which is forecasted to recognize approximately $20 million in revenue for fiscal year 2006 and is poised for continued growth in 2007. NewMarket's operation in China continues to be a consolidated subsidiary of NewMarket Technology, but now with an independent public listing (OTCBB:IICP - News). The subsidiary name of Intercell International Corporation will be changed to NewMarket China, Inc., and the ticker symbol will be changed in the coming weeks.
Aubrey Brown brings substantial industry experience to NewMarket's systems integration subsidiary. Mr. Brown has held a number of executive management positions including COO of Allied Telesyn, Senior VP of Sales & Marketing, NetVantage and VP of Sales and Business Development, Centrum Communications. Mr. Brown began his career as an Engineer with Burroughs Corporation and worked in engineering positions with Sun Microsystems (Nasdaq:SUNW - News), Bridge Communications, Modular Computer Systems, and Pyramid Technology. Mr. Brown began work with NewMarket early last year after NewMarket acquired Corsa Networks, a network security firm founded by Mr. Brown.
