NewMarket Technology, Inc. Announces Official Partnership with Chinese Government to Promote $3 Billion Chinese Software Industry in North America
BusinessWire - December 18, 2006 9:17 AM ET
NewMarket Technology, Inc. (OTCBB:NMKT) today announced being named as an official partner to the Chinese Government to promote the Chinese Software industry in North America. NewMarket will be introduced as an official partner to the Chinese Government at the COSEP 2006 Annual Conference, which will be held on Dec. 19, 2006. COSEP stands for Chinese Offshore Software Engineering Program
COSEP was started in 2004 by Torch Center, the Chinese government agency in charge of advocating technology industries. COSEP is considered the most important Chinese government initiative to promote the Chinese software industry in the European and North American markets. The mission of COSEP is to build four "public platforms" for Chinese software firms in respect to training, sales and marketing, pre-competitive technology development, and financing. In the past few years, COSEP has qualified about 100 pilot Chinese software companies to receive support from the program's public platforms.
Besides COSEP, Torch Center also monitors and supports 29 software parks around China which house software companies contributing more than 60% of all Chinese software revenue. More than 40% of those software park companies are also exporting software development. China currently has a $17 billion software development industry exporting $3 billion in software development annually outside of China, primarily to Japan.
"NewMarket has been working with the Torch Center for months to develop this partnership," said Philip Verges, CEO of NewMarket Technology, Inc. "The partnership with Torch is just the first step in an overall plan between Torch and NewMarket to bring Chinese software development services to North America. This partnership enables NewMarket to bring tremendous business opportunities to both Chinese software companies and North American clients with great potential to expand our own business and client base."
CEO of Intercell International Corporation (OTCBB:IICP), NewMarket's independently listed Chinese subsidiary, John Verges, will attend the COSEP conference and give a keynote speech. Intercell's Chinese operation, headquartered in Shanghai, China, expects to report over $20 million in 2006 revenue and has forecasted revenue growth of $40 million in 2007.
Learn more about NewMarket and its operating subsidiaries at newmarkettechnology.com or contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
Deloitte Fast 500 Award
Deloitte recently announced NewMarket Technology is ranked fifth on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About Intercell International Corporation (to be renamed NewMarket China, Inc.) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market, providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered 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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
"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.
SOURCE: Intercell International Corporation & NewMarket Technology, Inc.
NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com |
