NewMarket Technology, Inc. Announces Official Partnership with Chinese Government to Promote $3 Billion Chinese Software Industry in North America
BusinessWire - December 18, 2006 9:17 AM ET
NewMarket Technology, Inc. (OTCBB:NMKT) today announced being named as an official partner to the Chinese Government to promote the Chinese Software industry in North America. NewMarket will be introduced as an official partner to the Chinese Government at the COSEP 2006 Annual Conference, which will be held on Dec. 19, 2006. COSEP stands for Chinese Offshore Software Engineering Program
COSEP was started in 2004 by Torch Center, the Chinese government agency in charge of advocating technology industries. COSEP is considered the most important Chinese government initiative to promote the Chinese software industry in the European and North American markets. The mission of COSEP is to build four "public platforms" for Chinese software firms in respect to training, sales and marketing, pre-competitive technology development, and financing. In the past few years, COSEP has qualified about 100 pilot Chinese software companies to receive support from the program's public platforms.
Besides COSEP, Torch Center also monitors and supports 29 software parks around China which house software companies contributing more than 60% of all Chinese software revenue. More than 40% of those software park companies are also exporting software development. China currently has a $17 billion software development industry exporting $3 billion in software development annually outside of China, primarily to Japan.
AI
