Business Services Industry
NewMarket China, Inc. Announces Joint Services Contract with Shanghai ArtCoding Co., Ltd. for Building Game Development Offshore Outsourcing
Business Wire, April 3, 2007
NewMarket China Forecasts $40 Million in Revenue for 2007 Representing 100% Year to Year Growth
DALLAS -- NewMarket China, Inc., (OTCBB:NMCH), the China regional subsidiary of NewMarket Technology, Inc. (OTCBB:NMKT), announced today a contract with Shanghai ArtCoding Co., Ltd. of Shanghai, China (www.art-coding.com). ArtCoding has set the standard for the multimedia industry in Shanghai as an independent game developer. The company has provided offshore development services to a variety of customers, including international game publishers and independent studios. Their capabilities extend not only to the PC platform, but also to Sony's PlayStation (NYSE: SNE), Microsoft's Xbox (NASDAQ: MSFT), and Nintendo's GameCube (OSA: 7974). ArtCoding has the distinction of having provided services to some of the most established gaming companies in the world, including Activision (NASDAQ: ATVI), Electronic Arts (NASDAQ:ERTS) and Vivendi Universal Games.
NewMarket China and ArtCoding have entered into a two year contract to cooperatively provide outsourcing services to game development customers. NewMarket China will initially target customers in North America, but will eventually seek customers in other global markets as well. ArtCoding is one of the companies currently scheduled to attend the upcoming NewMarket China, May 7-16, U.S. Road Show with the Shanghai Multimedia Industry Association (SMIA).
Last year, NewMarket Technology completed the independent public listing of its Chinese operations which expect to report over $20 million in revenue for 2006. NewMarket China has forecasted a 100% increase in revenue in 2007 to $40 million.
Chinese High-Tech Multimedia Tour Across the U.S.
NewMarket China has been engaged by the SMIA to host a U.S. tour to showcase the talents of eight cutting-edge Shanghai-based multimedia companies offering a wide array of capabilities, including gaming, digital animation, computer graphic design, architectural renderings and film post production.
The SMIA is a member of the International Federation of Multimedia Associations (FIAM) and is the authority on the multimedia industry in Shanghai, with more than 148 member companies. The SMIA has extended its influence beyond Shanghai by networking with many other government organizations, media outlets and corporations throughout China. Beyond China, the SMIA has membership in associations and organizations in more than ten countries.
Specific events on the upcoming tour include:
San Francisco Wednesday, May 9 San Francisco Marriott 6:00 p.m. (PDT) Los Angeles Friday, May 11 Skirball Cultural Center 6:00 p.m. (PDT) Dallas Monday, May 14 Sambuca Restaurant 6:00 p.m. (CDT)
If you would like to attend one of these events or meet individually with one of the companies on the tour, contact Kathleen Marks at kmarks@newmarketchina.com or visit the company website at www.newmarketchina.com.
To be added to NewMarket China's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarketchina.com.
About the Shanghai Multimedia Industry Association (www.smia.org.cn):
The Shanghai Multimedia Industry Association (SMIA) is one of 12 associations established in Shanghai after China joined the WTO. It is a non-profit organization made up of corporations and individuals engaged in production, manufacture, research and other activities in the multimedia industry. SMIA has set up a broad network with associations and organizations in more than 10 countries and close relationships with organizations, government, media and corporations throughout China. By organizing activities and maintaining a public platform for the Multimedia Industry in Shanghai, the SMIA helps members promote their products and services so as to improve their competitive ability in the domestic and overseas markets.
The SMIA works to standardize its industry in an effort to build a better business environment for multimedia services in Shanghai. The SMIA acts as an advocate for the industry building awareness both domestically and abroad. The SMIA currently has over 148 member companies focusing on Computer Graphics, Game Development, Digital animation and film, after effect, VOD, e-learning and multimedia terminal industry. They have also developed 5 branch organizations to emphasize their focus in key segments of the industry: Shanghai Game Developer Association (SGDA), Shanghai Architectural Visualization Committee (SAVC), Shanghai Exhibition Committee (SEC), Shanghai Computer Graphics Committee (SCGC) and Digitalization of Chinese Traditional Culture Committee (DCTCC).
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket assists clients maintain 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, Cisco Systems, SAP, Siebel, Oracle and Sun Microsystems. 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. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. NewMarket ranked Number Five 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.
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