NewMarket Technology, Inc. 2nd Qtr. Sales Increase in Southeast Asia With New $500,000 Contract and Business Partnership
Tuesday June 19, 10:23 am ET
NewMarket Southeast Asian Operation to List on London PLUS Market
DALLAS, TX--(MARKET WIRE)--Jun 19, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced a $500,000 contract and new business partnership in Southeast Asia. NewMarket's operations in Southeast Asia are headquartered out of Singapore and have established customers, which include Visa International. NewMarket has engaged a corporate advisor in London to list the Company's Southeast Asian operations on the London PLUS Market. The Southeast Asian operations will be NewMarket's third publicly listed regional subsidiary and the first listed outside the United States.
All revenue from the new contract will be recognized within ninety days. The new business partnership has the potential to grow into a substantial recurring revenue service in Southeast Asia.
NewMarket has forecasted $120 million in profitable revenue for 2007. The Company has recently indicated second quarter sales increases support the 2007 forecast. Last week, NewMarket announced $3 million in new contracts signed to its Latin American regional subsidiary, NewMarket Latin America (Other OTC:NLAI.PK - News).
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
