NewMarket Technology (fka NWMT)

[Telephonics]

NMKT: Continues to Build Relations In China

Monday , December 18, 2006 16:33 ET

By Brian Edwards, [e-mail]

NewMarket Technology, Inc. (NMKT) announced Monday it was 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 (Chinese Offshore Software Engineering Program) 2006 Annual Conference, which will be held on Dec. 19, 2006.

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. Companies in these software parks also contribute more than 40% of Chinese software exports. China currently has a $17 billion software development industry exporting $3 billion in software development annually outside of China, primarily to Japan.

Taken from the press Release "NewMarket has been working with the Torch Center for months to develop this partnership," said Philip Verges, CEO of NewMarket Technology, Inc. "The partnership with Torch is just the first step in an overall plan between Torch and NewMarket to bring Chinese software development services to North America. This partnership enables NewMarket to bring tremendous business opportunities to both Chinese software companies and North American clients with great potential to expand our own business and client base."

Earlier this month NMKT and IICP entered into an agreement with Moviii.com to test market a digital IPTV service in the United States. Last month IICP announced that Dr. Larry Wu Former Senior Advisor to Premier of China, Dr. Wu Xianghong (Larry) as VP of Business Development.

According to a Company Representative, “NewMarket has worked to establish itself in China through developing relationship with China since 2002 and has proven itself with established contacts.” The Representative went on to say, “Relationships in China are most important and not something a company can do very easily. A company must prove itself over time with China.”

The Representative concluded, “In the future NewMarket expects to develop relationships vastly on our relationship contacts in China.”

Knobias, Inc. has received monetary compensation from the above company for services rendered as part of the Knobias Media Package. Please refer to the "Media Package Disclaimer."


Rick Lutz
LC Group
404-261-1196




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