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NewMarket Technology, Inc. Announces Henryk Dabrowski President of NewMarket Latin America and 36-Month Plan for $150 Million in Revenue from Region; NewMarket Latin America President Presents Regional Plan in Letter to Shareholders
DALLAS --(Business Wire)-- March 23, 2006 -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced Henryk Dabrowski as President of NewMarket Latin America. NewMarket is expanding its business model introducing a novel approach to technology research and development with a wholly owned subsidiary concentrated on the Latin America region. Mr. Dabrowski will lead the initiative to build the Latin America operation with plans to eventually be listed independent of its parent company, while still remaining a majority-owned subsidiary of NewMarket Technology, Inc. NewMarket shareholders would receive an equity dividend in the newly listed company.
"Henryk Dabrowski is an exceptional individual and an asset to NewMarket," said Philip Verges, CEO of NewMarket Technology, Inc. "He has been with NewMarket since the acquisition of RKM IT Solutions in Venezuela and has been instrumental in our expansion in Latin America to now over $20 million in annualized revenue. I am extremely confident in his leadership. NewMarket will enjoy an increased benefit from Mr. Dabrowski's leadership in his new role as President of NewMarket Latin America."
Mr. Dabrowski introduces himself and outlines the Latin America regional plan in a letter to shareholders included below:
Dear Fellow NewMarket Technology Shareholders,
It is an honor and a privilege for me to share with you the official launch of NewMarket Latin America and the continuance of the vision and strategy set three years ago by our parent company, NewMarket Technology, Inc.
First, let me introduce myself. While my role as President of NewMarket Latin America is new, I have been working closely with NewMarket Technology for the past three years. I was one of the founding partners of RKM IT Solutions in Caracas, Venezuela, that NewMarket acquired in 2003. I am also the Chairman of TekVoice Communications, Inc., a Hispanic VoIP Telecommunications affiliate of NewMarket Technology. Most recently, I played a key role in NewMarket's recent acquisition of UniOne in Sao Paulo, Brazil. NewMarket Latin America has already developed significant momentum and I am enthusiastic about building upon that momentum as President.
Prior to my work with NewMarket, I held the position of CEO at Vox2Vox Communications, Inc., a Cisneros Group venture in VoIP Telecommunications, with operations in Turkey, Italy, Spain, Portugal, Brazil, Venezuela and the United States. I have extensive experience in Latin America in the technology and telecommunications industry and have executed engineering and telecommunications projects for many major companies in the region. I have an MBA from Universidad Metropolitana in Caracas, Venezuela. I am married with twin daughters and currently reside in Miami, Florida.
The NewMarket Latin America Opportunity and Plan
NewMarket Latin America's objectives are consistent with its parent company, just with a focus on the Latin America region. NewMarket Latin America will acquire and develop emerging technologies and subsequently monetize the appreciated value of the developed emerging technologies. To facilitate a rapid and cost effective development, NewMarket Latin America will work closely with its parent company's systems integration operation. NewMarket Latin America will be publicly listed independent of its parent company while still remaining a subsidiary of its parent company. In time, as NewMarket Latin America emerging technology initiatives mature, the mature technologies will be housed in subsidiary companies and listed publicly, while remaining a subsidiary of NewMarket Latin America.
Latin America is the second largest combined growth region in the world, with immense untapped mineral, oil, gas and human resources. The population is more than 600 million people, most under the age of 30 and adopting mobile and internet technologies rapidly.
Latin American governments and businesses are investing in improved customer and citizen services to increase productivity and efficiency. The Latin American software development resources rival India and China in both capacity and quality. Latin America leadership recognizes technology as the key to opening new markets outside the region to facilitate accelerated growth within the region.
We believe in this region and its potential with its young, energetic people and culture, and its future capacity to become a powerhouse of technology innovation and practical implementation. We understand the region, its economic and political complexities, and the multiple opportunities for high growth, shareholder returns and global expansion capacity.
Emerging Technology Focus
NewMarket Latin America will concentrate on acquiring and developing:
1. VoIP Telecommunications and Wireless Service Providers
2. Mobile Interactive Services and Content Delivery to include
IPTV Content
3. Financial Software required by foreign banks to meet compliance
laws regarding the control of money laundering and terrorist
financing
Three Year Financial Goals
Even prior to the inception of NewMarket Latin America, the parent company, NewMarket Technology, has been developing Latin America specific emerging technology opportunities. With the NewMarket Technology assets that will come under the NewMarket Latin America banner in combination with an existing acquisition pipeline, NewMarket Latin America has an estimated revenue potential over the next 36 months of over $150 million USD.
Estimated 36-Month Revenue by Emerging Technology Segment:
1. Telecommunications: VoIP, WiXX, Non-Regulated Frequencies (450
Mhz)
-- 36-Month Estimate -- $100 Million USD
2. Transactional Operations: Mobile Interactive Service, Content
delivery, IPTV
-- 36-Month Estimate -- $35 Million USD
3. Financial Software: Compliance (Money Laundering and Terror
Financing)
-- 36-Month Estimate -- $25 Million USD
This 36-month revenue plan is progressive with monthly revenues increasing over the period to achieve the cumulative estimate over the entire period. Even though the more substantial revenue will be later in the 36 months, the next twelve months at NewMarket Latin America will not be insignificant. NewMarket Latin America's parent company currently has over $20 million in annual revenue from the region, some of which will fall under NewMarket Latin America.
We plan to achieve this with the help of our parent company, our investors and shareholders, and a group of dedicated and very experienced team members, with whom I have worked with for over 10 years. An extensive network of business contacts, from all over Latin America, that range from financial institutions to former customers and technology partners, will also help us achieve our objectives, facilitate transactions and provide support and local knowledge.
I look forward to sharing the Company's progress with you throughout 2006 and into 2007 and 2008. Having worked with NewMarket Technology these past three years and having had the opportunity to be part of building the NewMarket business model to continuously develop emerging technologies, I am confident the NewMarket opportunity will succeed in Latin America.
Best Regards,
Henryk Dabrowski
President NewMarket Latin America, Inc.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology, Inc. is a Systems Innovation Company. 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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