NewMarket Technology, Inc. to Introduce MOVIII IPTV Service at NAB2007 in Las Vegas Starting With Chinese Language Content with U.S. Indy Movies in Sight
Turner Classic Network of China with 600 Classic Chinese Movies and 6000 TV Series Episodes Delivered over the Internet Through Proprietary Set Top Box
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced plans to introduce its Moviii IPTV service April 14-19 at the National Association of Broadcasters conference in Las Vegas (NAB2007). NewMarket has been selected as an exclusive distributor for Moviii.com in the United States. NewMarket plans to develop additional content partnerships to extend the digital IPTV service beyond an initial Chinese language content launch.
Moviii.com has over 600 classic Chinese movies and 6000 television series episodes as well as 4500 music videos, and 300 cartoons. The population of Chinese first language speakers throughout the Americas is 3.5 million, with approximately half of that population living in the United States.
The United States Moviii IPTV launch is the second market Moviii.com and NewMarket have launched. A South East Asia market launch was initiated in June of 2006. A Moviii.com server was set up and is currently delivering Chinese language content throughout South East Asia out of NewMarket's Singapore data center.
The Moviii.com solution is delivered over the Internet to a proprietary set top box that plugs into almost any television. The movie and television content is managed and delivered using proprietary operating software. A Moviii.com server is being set up in NewMarket's Dallas data center to support the market launch.
NewMarket Technology launched the company's innovative plan to continuously introduce new technologies to new markets four and half years ago. NewMarket has grown from $2.3 million in break even revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the 5th fastest growing technology firm in North America after reporting $50 million in profitable revenue in 2005. NewMarket anticipates reporting $70 million in revenue with record profits for 2006 following the completion of the current audit underway.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
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