NewMarket China, Inc. and Shanghai Multimedia Industry Association Release Venues and Dates for Chinese High-Tech Multimedia Road Show
Tuesday March 27, 9:00 am ET
NewMarket China Plans Continued Rapid Growth With 100% Revenue Increase for 2007 to $40 Million
DALLAS, TX--(MARKET WIRE)--Mar 27, 2007 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News), the China regional subsidiary of NewMarket Technology, Inc. (OTC BB:NMKT.OB - News), announced today the itinerary for the company's upcoming May 7-16 Road Show with the Shanghai Multimedia Industry Association (SMIA). NewMarket China has been engaged by the SMIA to host a U.S. tour to showcase the talents of eight cutting-edge Shanghai-based multimedia companies with a wide array of capabilities, including gaming, digital animation, computer graphic design, architectural renderings and film post production.
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Last year, NewMarket Technology completed the independent public listing of its Chinese operations which expect to report over $20 million in revenue for 2006. NewMarket China has forecasted a 100% increase in revenue in 2007 to $40 million.
NewMarket China is working with the Shanghai Multimedia Industry Association to help member companies expand into U.S. markets. NewMarket China has formed an exclusive partnership with the SMIA to showcase the companies and is negotiating independent contracts with each multimedia firm to bring offshore outsourcing capabilities to multimedia customers in the United States.
The SMIA is a member of the International Federation of Multimedia Associations (FIAM) and is the authority on the multimedia industry in Shanghai, with more than 148 member companies. The SMIA has extended its influence beyond Shanghai by networking with many other government organizations, media outlets and corporations throughout China. Beyond China, the SMIA has membership in associations and organizations in more than ten countries.
Chinese High-Tech Multimedia Tour
San Francisco
Wednesday, May 9
San Francisco Marriott
6:00 pm (PST)
Los Angeles
Friday, May 11
Skirball Cultural Center
6:00 pm (PST)
Dallas
Monday, May 13
Sambuca Restaurant
6:00 PM (CST)
For more information on the tour, contact Kathleen Marks at kmarks@newmarketchina.com or visit the company website at www.newmarketchina.com.
To be added to NewMarket China's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarketchina.com
About the Shanghai Multimedia Industry Association (www.smia.org.cn):
The Shanghai Multimedia Industry Association (SMIA) is one of 12 associations established in Shanghai after China joined the WTO. It's a non-profit organization made up of corporations and individuals engaged in production, manufacture, research and other activities in the multimedia industry. SMIA has set up a broad network with associations and organizations in more than 10 countries and close relationships with organizations, government, media and corporations throughout China. By organizing activities and maintaining a public platform for the Multimedia Industry in Shanghai, the SMIA helps members promote their products and services so as to improve their competitive ability in the domestic and overseas markets.
The SMIA works to standardize its industry in an effort to build a better business environment for multimedia services in Shanghai. The SMIA acts as an advocate for the industry building awareness both domestically and abroad. The SMIA currently has over 148 member companies focusing on Computer Graphics, Game Development, Digital animation and film, after effect, VOD, e-learning and multimedia terminal industry. They have also developed 5 branch organizations to emphasize their focus in key segments of the industry: Shanghai Game Developer Association (SGDA), Shanghai Architectural Visualization Committee (SAVC), Shanghai Exhibition Committee (SEC), Shanghai Computer Graphics Committee (SCGC) and Digitalization of Chinese Traditional Culture Committee (DCTCC).
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket assists 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, Cisco Systems, SAP, Siebel, Oracle and Sun Microsystems. 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. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
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