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NMKT news (fwiw) - NewMarket Technology, Inc. Announces Asia Pacific Technology Trade Mission for Information Technology Professionals and Large Investors
Trade Mission to Feature NewMarket And Other Technology Company Capabilities in Singapore, Shanghai and Beijing
8/19/2004 12:53:00 PM

DALLAS, Aug 19, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) today announced an Information Technology Trade Mission for Technology Professionals and Investors. The Trade Mission is scheduled for October 10, 2004 and will begin in Singapore and continue on to Shanghai and then Beijing. The Trade Mission is intended to give Information Technology professionals firsthand familiarity with the technology resources available in the Asia Pacific region and to give investors an opportunity to assess emerging technology investment projects. The Trade Mission will visit NewMarket operations in Singapore and China, as well as visiting the operations of other regional technology companies and ventures. Participating large investors will have the opportunity to visit technology companies and Chinese investment firms.

NewMarket believes Singapore is the gateway to the Chinese technology market for Western technology professionals and investors. The Chinese economy is growing robustly and presents many technology opportunities for Western technology professionals to leverage within their existing operations and for investors to add to their technology portfolios. However, the difference in Western and Chinese business culture can make it difficult to execute in the numerous technology opportunities in China. Personal relationships fostered over time are an essential facet of conducting business in China--relationships which NewMarket has developed over the past year. Additionally, NewMarket has established a $10 million dollar operation in Singapore to bridge the business culture divide.

Singapore is both an island and a country, but perhaps its best description is that of city-state. Its combination of Western-style development and Eastern-style calm seems to present the best of both hemispheres: It is a safe modern metropolis and Asian business center. Singapore is a multicultural city. Close to one-quarter of its population are expatriates or foreign workers from all over the world. English is the primary language in Singapore and Mandarin is spoken by more the 70% of the population. Known for its desire to become the technology hub of Asia, Singapore is the most wired country in the region.

One of the world's major oil refining and distribution centers, Singapore is also a major supplier of electronic components and a leader in shipbuilding and repairing. It has also become one of the most important financial centers of Asia, with more than 130 banks. Business dealings are facilitated by Singapore's superb communications network which links the Republic to the rest of the world via satellite. Singapore's Changi Airport was just voted the "Best Airport Worldwide" for a 16th consecutive year by Business Traveller magazine.

The purpose of the trip is to provide prospective technology and investor partners the opportunity to assess first hand the Information Technology capabilities available in Asia and to explore specific opportunities to partner with NewMarket on pilot projects that offer mutually beneficial business opportunities and synergies.

The Information Technology Outsourcing Trade Mission will depart for Singapore on Sunday 10, October arriving on the 11th. The Trade Mission group will have an opportunity to visit NewMarket Operations beginning on Tuesday the 12th. On Thursday the 14th, the group will travel to Shanghai to tour NewMarket Operations and the Operations of NewMarket's Joint Venture Partner, GaozhiSoft. Trade Mission participants that need to depart early can plan for a departure from Shanghai on Sunday 17, October. The remaining participants will travel from Shanghai on Sunday to Beijing to visit additional Information Technology Outsourcing resources with a planned departure on the morning of Wednesday 20, October. The schedule will also include time for all participants to visit local attractions during each stop on the Trade Mission.

About NewMarket Technology Inc (www.NewMarkettechnology.com)

In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million.

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.
Investor Relations, 404-261-1196
[e-mail]
www.newmarkettechnology.com
www.ipvoice.com


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