NewMarket Technology, Inc. Implements Oracle Project for CEMEC Construcoes Eletromecanicas S.A.
* Reuters is not responsible for the content in this press release.
DALLAS, TX, Sep 02 (MARKET WIRE) --
NewMarket Technology, Inc. (OTCBB: NMKTE) today announced signing a
contract with CEMEC Construcoes Eletromecanicas S.A., a major
manufacturer of power transformers in Brazil (http://www.cemec.com.br).
NewMarket's Brazilian subsidiary UniOne will supply CEMEC with ten Oracle
Standard Edition One Database licenses and consulting services.
NewMarket's operations in Latin America are leading Microsoft and Oracle
partners in the region and have seen substantial growth from these
partnerships over the past year. For the first half of 2008, NewMarket's
Latin American operations have accounted for approximately $12.6 million
in revenue YTD with $528,600 in net income, supporting the Company's
global goal of $120 million in profitable revenue for 2008. In 2007,
NewMarket reported $93.1 million in revenue with $7.3 million in net
income across all its operations.
UniOne's Recent Oracle Projects with L'Oreal, Duke Energy and More
UniOne is one of the top Oracle partners in Latin America with over
fourteen years in the information technology business and has recently
announced several Oracle projects, to include an Oracle Siebel
implementation for L'Oreal Brazil (news) highlighted on the Oracle
website at
http://www.oracle.com/customers/snapshots/loreal-brasil-siebel-snapshot.pdf.
Some other recent Oracle Projects include:
NewMarket Technology, Inc. Announces UniOne's Oracle Hyperion
Implementation for Duke Energy Brazil
NewMarket Technology, Inc. Reports Continued Managed Services Strategy
Success and Oracle Contract With Multi-Billion Dollar Obrascon Huarte
Lain, S.A.
UniOne has offices in Brazil and Chile and provides Business Intelligence
(BI), Enterprise Resource Planning (ERP), Business Performance Management
(BPM), Customer Relationship Management (CRM) and Services Oriented
Architecture (SOA) consulting services throughout Latin America. For more
information on UniOne, please visit www.unione.com.br.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company
updates or to obtain more information on the Company, please send an
e-mail to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP,
Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks
to acquire emerging technology assets to incorporate into an overall
product portfolio carefully packaged to complement the prevailing
industry standard solutions.
NewMarket delivers its portfolio of products and services through its
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States
and Number Five in North America on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company
grew from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.
Contact:
NewMarket Technology, Inc.
Investor Relations
ir@newmarkettechnology.com
214-722-3065
www.newmarkettechnology.com
Copyright 2008, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters