NewMarket Technology, Inc. (PINKSHEETS: NWMTD) (OTCQB: NWMTD)
Greenfield Partnership Program Director Philip Verges today
released an open letter calling for small business stakeholders to
band together against the challenges facing small business. The
letter encourages participation in the Greenfield Partnership
Program as a first step toward a larger movement to improve the
overall small business economy.
The Greenfield Partnership Program was launched more than a year
ago to support entrepreneurial, high growth companies in achieving
their operational and business objectives. The program has expanded
to include eight public and private companies and anticipates an
even more rapid expansion of member companies in 2011. The
Greenfield Partnership Program has been instrumental in assisting
member companies with fundraising and market penetration.
Greenfield Partners today include China Crescent Enterprises,
Inc. (OTCBB: CCTR), NuMobile, Inc. (OTCBB: NUBL), Savanna East
Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) and World Series of
Golf, Inc. (PINKSHEETS: WSGF) (OTCQB: WSGF).
The open letter from Greenfield Program Director Philip Verges
is included in its entirety below.
Dear Small Business Stakeholders -
There is strength in numbers. This is the maxim upon which the
Greenfield Partnership Program is founded.
Little institutional support is available today for
entrepreneurs founding and growing companies. Educational
institutions concentrate on providing business school graduates
with skills appropriate for jobs at large, established firms.
Meanwhile, financial institutions cater to larger corporations, the
regulatory and legal environment favors bigger companies, and the
news predominantly covers big business.
The Greenfield Partnership Program proposes that small
businesses turn to each other to overcome the socio-economic deck
stacked against them. The same way the 20th century labor union
movement sought to protect worker rights, the Greenfield
Partnership Program seeks to level the socio-economic playing field
for small businesses.
The Small Business Administration defines firms in the United
States with less than 500 employees as a small business, and what
is considered a small business in the United States may be
considered a small to medium enterprise elsewhere around the
world.
Most of us today, everywhere around the world, work for
companies with less than 500 employees. So, shouldn't we take issue
with a socio-economic environment that is often at odds with our
livelihood?
The Greenfield Partnership Program wants you -- the small
business stakeholder. Whether you are currently one of the
Greenfield Partner company shareholders or an interested investor
thinking about becoming a shareholder in a Greenfield Partner
company, we want you. If you are an over-the-counter investor in a
company that is not a Greenfield Partner today, we want you. If you
are an employee of a small business, we want you and we need you.
We want all and every small business stakeholder -- owner;
management; shareholder, investor, and employee.
According to a report recently published by the Small Business
Administration, the rate of small businesses failing in the United
States is exceeding the rate of new small businesses starting. The
number of failures in 2009 surpassed the number of startups by
approximately 100,000. Small businesses account for roughly half of
all employment in the United States and that number of small
businesses is shrinking. What is the economic pain threshold that
must be reached before the general population takes notices of the
inequity of resources available to small businesses? How many more
jobs must be lost to this small business inequity before we ask,
"where are all the economic resources going?"
The small business sector is neglected and misunderstood and the
world cannot afford the consequences. The small business sector
accounts for the majority of the world's gross domestic product and
the majority of jobs not just in the United States, but everywhere
around the globe. I would even argue that the end of poverty and
the hope for improved global peace is a destination that can only
be reached through a robust small-business economy. Our planet has
a population of about 6 billion people. About 1 billion people have
everything they need and arguably everything they could ever want.
The other 5 billion people need everything: roofs, floors,
furniture, bed linens, shoes, socks, shirts, pants, toothbrushes,
toothpaste, streets, electricity, water, hospitals, hotels, trains,
planes and airports -- just for starters. However, in all my
travels, I have yet to land in an emerging market where I do not
find someone on the ground without a first rate college education.
I find that all that's missing in these markets is access to a
$100,000 to $1,000,000 small and medium enterprise investment
market. The U.S. over-the-counter market is a more than viable
solution. An investment can be made in a U.S. OTC-listed company
protected by U.S. laws and regulations, while investment funds are
deployed to subsidiary operations in high-growth opportunity
emerging markets. In these markets, there is no shortage of demand
for everything and there is no shortage of talent to deliver upon
that demand. Elsewhere, there is no shortage of capital to finance
the satisfaction of that demand. The OTC market is a more than
viable venue for connecting demand, talent, and capital and
realizing the benefits of untapped opportunities in the world's
emerging markets.
All that's standing in the way is a good conversation between
small business managers, shareholders and stake holders to align
objectives and expectations.
There is strength in numbers, and the NewMarket Greenfield
Partnership Program wants you to join us today and help other small
business entrepreneurs, shareholders and stakeholders to level the
playing field for the small business sector. You can sign up for
our mailing list through our website, www.newmarkettechnology.com,
or follow us on Twitter (@greenfieldpp) or on Facebook (Greenfield
Partnership Program).
Philip Verges NewMarket Founder Greenfield Partnership Program
Director
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About NewMarket Greenfield Partnership
Program NewMarket launched the Greenfield Program last year to
facilitate the start-up and early stage development of high-growth
potential businesses. The Greenfield Program concentrates on early
stage, rapid growth opportunities in the world's emerging markets,
with program participants in China, Southeast Asia, South and
Central America and East Africa, in addition to a handful of
program participants in North America.
Follow the Greenfield Partnership Program on Facebook at:
http://tinyurl.com/greenfieldpp and on Twitter at
http://twitter.com/greenfieldpp.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology is a global small business
incubator. NewMarket's 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, Southeast Asia, 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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Contact: NewMarket Technology, Inc. Investor Relations Email
Contact 214-722-3065
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