ContacNewMarket Technology, Inc. Announces Yahoo! Finance Update For Independently Listed Chinese Subsidiary NewMarket China, Inc.
DALLAS, TX – November 1, 2007 -- NewMarket Technology, Inc. (OTCBB: NMKT) today announced that Yahoo! (NASDAQ: YHOO) Finance has updated their information for NewMarket’s independently listed Chinese subsidiary, NewMarket China, Inc., (OTCBB: NMCH) to now correctly reflect the company’s information. The prior information was incorrect and reflected an unrelated company’s information.
NewMarket Technology, is an emerging market technology company. Part of NewMarket’s strategy is to independently list regional operations. The operation in China was NewMarket’s first independently listed regional operation. NewMarket China reported $29.5 Million in annual revenue in 2006. NewMarket Technology reported $77.6 million in annual revenue in 2006 with $5.8 million in net income. NewMarket Technology and NewMarket China are both reporting substantial organic sales growth year to date for 2007.
Award Winning Growth Recognized by Deloitte
The Company’s rapid growth has landed NewMarket near the top of the Deloitte Technology Fast 500 in both 2006 and 2007. After a Top Five finish in 2006, NewMarket ranked Number Twenty-One on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. For 2007, Deloitte also highlighted NewMarket as an exceptional performer for “repeating the feat”. To read the article in its entirety, go to: http://biz.yahoo.com/prnews/071023/nytu079.html?.v=101
. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. NewMarket Technology grew 7,996 percent during this period.
To be added to NewMarket Technology’s e-mail database for shareholders and interested investors, please send an e-mail to firstname.lastname@example.org.
About NewMarket China, Inc.
NewMarket China, Inc. is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, NewMarket China bridges the gap between Western and Eastern business cultures to assist western clients in realizing the advantages of the high quality, low cost technology products and services available from China. NewMarket China also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market