Intercell International Corporation Announces Former Senior Advisor to Premier of China, Dr. Wu Xianghong (Larry) as VP of Business Development to Expand Chinese Operations with $20 Million Revenue Expected in 2006 Friday November 10, 10:59 am ET Intercell is the First Independently Publicly Listed Subsidiary of NewMarket Technology, Inc.
DALLAS--(BUSINESS WIRE)--Intercell International Corporation (OTCBB:IICP - News) today announced that Dr. Larry Wu was appointed as VP of Business Development for its Chinese operation headquartered in Shanghai, China. Dr. Wu is tasked with expanding the current $20 million in expected 2006 revenue. Intercell's Chinese operation was a stand-alone subsidiary of NewMarket Technology, Inc. (OTCBB:NMKT - News) until the subsidiary was recently reorganized into Intercell following NewMarket's acquisition of a majority interest in Intercell. The process of changing the Intercell name to NewMarket China has been initiated and a corresponding ticker symbol change will occur in the near future.
ADVERTISEMENT Dr. Wu joined NewMarket Technology two and a half years ago after serving in the Chinese State Council Research Office as a Senior Advisor to the Premier, Mr. Wen Jiabao. His extensive professional work history in China's public sector will assist Intercell by continuing to expand operations in China beyond the current $20 million revenue anticipated for 2006.
Prior to his position at the State Council Research Office, Dr. Wu worked in Washington D.C. at the Chinese Embassy as a Secretary for Science and Technology. In this position, he led Chinese efforts to promote technology and telecommunications trade and investment, as well as research and development collaborations between Chinese and American companies. Dr. Wu is a published author in his field with three books and numerous articles, which include U.S. publications in Business Week and Red Herring. Most recently, Dr. Wu was named one of "50 Business Opinion Leaders" in June 2006 "Talents" Magazine. Dr. Wu holds a PhD in Public Policy on Science and Technology from Renmin University of China.
Dr. Wu will join Intercell/NewMarket China Management at the Intercell/NewMarket China Town Hall Meeting next week in Denver, Colorado to be held at the Hyatt Regency Denver Tech Center (http://techcenter.hyatt.com/hyatt/hotels/index.jsp) on November 16, 2006, at 2:30 pm MST. American Airlines (NYSE:AMR - News) and Avis Rental Car (NYSE:CAR - News) have offered NewMarket discounted rates on travel to Denver. To receive the discounted airfare, please go to www.aa.com or call 1-800-433-1790 and use discount code "A79N6BA". To take advantage of discounts with Avis, please go to www.avis.com and use code "B136001".
If you have any further questions, or would like to RSVP to the Intercell/NewMarket China Town Hall please visit NewMarket's website at http://www.newmarkettechnology.com/about-newmarket-china.htm or contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
Deloitte Fast 500 Award
Deloitte recently announced NewMarket Technology is ranked fifth on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. NewMarket Technology grew 31,633 percent from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005, making NewMarket the fastest growing company in Texas on the Fast 500 ranking and the first Texas-based company to make the Top 5 since 2001. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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