(NWMT) NewMarket and (CCTR) China Crescent Focus on Information Technology Highlighting Gartner Report on Emerging Market IT Gro
March 22 2011 - 11:45AM
Marketwired
NewMarket Technology, Inc. (OTCQB: NWMT) and its subsidiary, China
Crescent Enterprises, Inc. (OTCQB: CCTR) are re-focusing on the
information technology market. The Companies provide systems
integration services globally, primarily concentrated within
emerging economic regions, including China and Brazil. Gartner
recently conducted a webinar to update their analysis of the more
than $ 3 trillion global information technology market
(http://my.gartner.com/portal/server.pt?open=512&objID=202&mode=2&PageID=5553&ref=webinar-rss&resId=1506014).
In the presentation, Gartner indicates the GDP growth rate in
emerging markets is 2.5 to 3 times faster than in developed
markets.
NewMarket has released an on-demand Webcast conducted by CEO
Bruce Noller highlighting the Company's business plan re-focus on
systems integration. The technology services provided by NewMarket
and China Crescent have in previous years been more diverse, but
the Companies are now re-focusing on systems integration.
Additionally, the Webcast discusses the current and changing state
of the over-the-counter market, which both NewMarket and China
Crescent trade on, and the recent move of China Crescent's stock
quotation exclusively to the OTC Markets Group, Inc.'s OTCQB,
effective February 23, 2011.
The Webcast is now available for on-demand review on NewMarket's
corporate website, www.newmarkettechnology.com by clicking on
"Investor Relations," China Crescent's corporate website,
www.chinacrescent.com, by clicking on "Webcasts" or directly at
http://tinyurl.com/NWMT31711.
About China Crescent Enterprises, Inc.
(www.chinacrescent.com) China Crescent (PINKSHEETS: CCTR) (OTCQB: CCTR) is a
systems integration service provider that markets technology
outsourcing services in China including the sale and service of
brand name technologies such as Microsoft, Cisco, IBM, HP and Dell.
Following a strategic acquisition in 2009, the Company expanded its
business line to include original design manufacturing (ODM). China
Crescent reported $45 million in profitable revenue in 2009 after
reporting over $40 million in revenue for both 2007 and 2008.
Headquartered in Dallas with operations in China, China Crescent
bridges the gap between global business cultures to assist clients
worldwide realize the advantages of the high quality, low cost
technology products and services available from China.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology's (PINKSHEETS: NWMT) (OTCQB:
NWMT) current portfolio of operations provides systems integration,
technology infrastructure services and emerging technology.
NewMarket's operations strategically focus on providing technology
and support services in emerging and developing economies with high
growth rate potential where technology purchasing is on the rise.
In addition to its base of operations in North America, NewMarket
has operations today in the growing economies of China, Africa,
Brazil and Northern Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008 and reported over $98 million in
profitable revenue for 2009.
NewMarket's operations provide services and support for both
brand-name technologies, such as Microsoft, as well as emerging
technologies ranging from mobile computing to various security and
wireless broadband technologies. NewMarket's rapid growth since
2002 placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest
growing technology company in the United States in 2006 and the
number one fastest growing technology company in North Texas for
two years in a row.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 This press release contains forward-looking
statements that involve risks and uncertainties. The statements in
this release are forward-looking statements that are made pursuant
to safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Actual results, events and performance could
vary materially from those contemplated by these forward-looking
statements. These statements involve known and unknown risks and
uncertainties, which may cause NewMarket's actual results in future
periods to differ materially from results expressed or implied by
forward-looking statements. These risks and uncertainties include,
among other things, product demand and market competition. You
should independently investigate and fully understand all risks
before making investment decisions.
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China Crescent Enterprises (CE) (USOTC:CCTR)
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