NewMarket Technology, Inc. to Explore Recently Opened Brazilian Wi-Fi Market with Former President of Brazil, Jose Costa Sarney
Trade Mission to Meet with National and Local Governments in Sao Paulo, Curitiba and Capital Brasilia on Launching Municipal Wi-Fi Networks
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT) today announced a business Trade Mission to Brazil to explore municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital Brasilia. Brazil's telecom regulator Anatel recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access.
Wi-FI Trade Mission to Brazil
The trade mission, scheduled for June 15-21, 2007, has been organized by NewMarket Latin America, Inc. (OTC:NLAI) Board of Directors Member Frank A. Romanoski and Senior Vice President of Latin American Business Development for NewMarket, Jorge Miguel. The trade mission will be joined by members of NewMarket, NewMarket Latin America and RedMoon, Inc. (RedMoon Broadband).
During the Trade Mission, NewMarket will be meeting with Jose Costa Sarney, the former President of Brazil from 1985-1990. Under President Sarney a new and democratic constitution was passed in 1988, and in the following year the first direct elections since 1960 were held. Mr. Sarney is currently in the Brazilian Senate and has been elected Senate President twice in 1995 and 2003 respectiely.
Additionally, trade mission delegates will be meeting with Paulo Bernardo, Minister of Planning, Budget and Management for Brazil under President Luiz Inacio Lula da Silva and Dr. Flavio Chaves, who is in charge of finance for the governor of the state of Sao Paulo. The state of Sao Paolo contributes approximately one-third of Brazil's GDP.
RedMoon Broadband Municipal Starter Kit and Brazil
Texas-based RedMoon Broadband is a leader in municipal Wi-Fi. RedMoon has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities. NewMarket recently announced the acquisition of a majority interest in RedMoon Broadband. NewMarket had previously held a minority ownership.
To assist cities in rapidly launching their Wi-Fi networks, RedMoon has created a Municipal Starter Kit, conveniently bundling all that is required to build a secure 2.4 GHz Wi-Fi and 4.9 GHz Public Safety HotZone including SkyPilot mesh nodes, video surveillance cameras, and a complete support system.
Additionally, RedMoon's municipal Wi-Fi infrastructure and services are also being used to support Automatic Meter Reading (AMR) technology to reduce meter reading costs, improve the accuracy of readings, support conservation efforts and raise the level of customer service. Currently RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX), deliver service through their SkyPilot mesh network to the 23 square mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues.
Separately, NewMarket Technology and RedMoon Broadband recently announced the signing of a non-binding letter of intent (LOI) to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico. In this partnership, Domos will leverage its market experience and established infrastructure to help enhance and propel wireless broadband services in Mexico. (news)
NewMarket Latin America
NewMarket Latin America is a regional subsidiary of NewMarket Technology, recently announcing a corporate name change from Paragon Financial Corporation and a corresponding ticker change to reflect the new direction of the company.
Recently added to the NewMarket Latin America Board of Directors, Frank Romanoski is founder of CEFI, a Curitiba-based firm which provides specialized financial consulting services to a wide variety of Brazilian companies. Additionally, he is President and CEO of FR Consultants, a subsidiary of CEFI that is based in Dallas, Texas. Mr. Romanoski is also currently a Director and Associate of Planner Investment Bank based in Sao Paulo, Brazil. Planner is involved in merger and acquisitions and initial public offerings in Brazil's capital markets. Additionally, Mr. Romanoski represents Planner in Dallas, Texas, where he is responsible for international investments, primarily in the Ethanol, Energy (Hydroelectricity, Wind and other alternative sources), and the Environmental Sciences industries.
Senior Vice President of Latin American Business Development for NewMarket, Jorge Miguel, brings many years of Latin American business experience to NewMarket. Mr. Miguel has served in senior level business development and consulting positions between the U.S. and Brazil and the U.S. and Mexico, including President of International Trade of Mexico.
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 RedMoon Broadband (www.redmoonbroadband.com)
Texas-based RedMoon Broadband is a leader in municipal Wi-Fi. RedMoon has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities.
To assist cities in rapidly and efficiently launching their Wi-Fi networks, the Company has created the RedMoon Starter Kit, which conveniently bundles all that is required to build a secure 2.4 GHz Wi-Fi and 4.9 GHz Public Safety HotZone including SkyPilot mesh nodes, video surveillance cameras, and a complete support system. "The Starter Kits developed in the US should have widespread applicability in Mexico," said Senior Vice President of Latin American Business Development for NewMarket Jorge Miguel.
Currently, RedMoon and Chevron Energy Solutions, a business unit of Chevron Corporation, deliver service through the companies' SkyPilot mesh network to the 10 square mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues. Automatic Meter Reading (AMR) technology will enable Burleson to reduce meter reading costs, improve the accuracy of readings, support water conservation efforts and raise the level of customer service.
