Business Services Industry
NewMarket China, Inc. Announces Joint Services Contract with Energy Source Communications of Shanghai Expanding Offshore Outsourcing Capabilities
Business Wire, March 29, 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 Energy Source Communications of Shanghai, China. Energy Source is a leading high-tech multimedia company providing computer graphic design and interactive advertising and marketing campaigns in China for major multi-national companies. Clients have included eighty (80) of the Fortune 500 companies and other well-known western brands, such as Coca-Cola (NasdaqGM:COKE), BMW (XETRA:BMW) and Estee Lauder (NYSE:EL).
NewMarket China and Energy Source have entered into a two year contract to cooperatively provide multimedia outsourcing services to customers in North America and beyond. Energy Source 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 with 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 helps 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.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


