NewMarket Technology, Inc. Releases White Paper on African Investment in Kenya and Beyond
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DALLAS, TX, Oct 29 (MARKET WIRE) --
NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released a White
Paper titled 'African Investment: Kenya and Beyond.' NewMarket Technology
is focused on expansion to the African continent, with initial
operational development in Kenya and targeting the surrounding emerging
economies in East Africa. NewMarket began exploring technology expansion
opportunities in East Africa in 2007 as an extension to the Company's
established operations in the growing economies in Asia and Latin
America. NewMarket is a twelve-year-old, global systems integrator and
emerging technology provider with operations in Asia, Latin America and
North America.
The Trade Mission to Kenya is focused on business development in East
Africa for the Company's systems integration services and emerging
technology offerings, to include infrastructure, technology and services
in the area of wireless connectivity and mobility computing. The Trade
Mission is conducting a series of business development meetings in Kenya
with local business partners, prospective clients and government
officials. For a copy of the White Paper, please email the Company at
info@newmarkettechnology.com or call 214-722-3065.
NewMarket Targets Telecommunications and Technology Market in Africa
Earlier this year, NewMarket was invited to present at the African
Advanced Level Telecommunications Institute (AFRALTI) WiMax Conference in
Nairobi based on the Company's experience in emerging economies. The
Company had previously participated in the "Connecting Rural Communities
Africa Forum 2007," also in Nairobi.
Broadband adoption in Africa is expected to experience 28% growth annually
through 2013 as undersea cables come online. Kenya has one submarine cable
in place with two additional cables expected by 2011. The expanded
capacity for broadband in Africa is expected to reduce costs by nearly
75%, making broadband affordable to end-users. Africa's current broadband
system relies heavily on satellite for broadband communication, which
typically costs about 20 times more than broadband offerings in the U.S.
A recent report by Pyramid Research stated, "By early 2011, we expect
that more than half of all African markets will have 3G, while broadband
coverage is increasing daily via both wireless and wireline technologies."
As the region's technology and communication infrastructure grows,
NewMarket plans to position itself to provide the high-quality, affordable
technology products and services needed. To do so, the Company has
announced plans to expand its operations in China into the East Africa
region.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
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, Brazil and Northern Latin America.
Last year the Company reported over $40 million in revenue from Asia and
over $20 million in revenue from Latin America. Overall, NewMarket
reported over $95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as
Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an
authorized reseller of operating systems and various software from
companies such as Red Hat, Sybase, IBM, BEA, Veritas and others.
Additionally, the Company works with emerging technologies such as mobile
computing, various security and wireless broadband technologies.
NewMarket's rapid growth since 2002 has 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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
Copyright 2009, Market Wire, All rights reserved.
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