N@N

Worldwide Strategies, Inc. Featured in NewMarket Technology, Inc. Webcast on Anticipated $30 Million From Recent and Pending Ch

^{Published on 2009-12-15 10:58:07 - Market Wire}
 

DALLAS, TX--(Marketwire - December 15, 2009) - Worldwide Strategies, Inc. (OTCBB: [ WWSG ]) has been featured in a NewMarket Technology, Inc. (PINKSHEETS: [ NWMT ]) shareholder update Webcast released today. The Webcast reviews two milestone transactions for NewMarket's Chinese subsidiary that are anticipated to deliver approximately $30 million in revenue in 2010. One transaction was executed last week, and the second is anticipated to be signed before the end of December. NewMarket provides systems integration services in China, Southeast Asia, Latin America and North America and is actively expanding its business services into the growing markets of East Africa. NewMarket focuses on the rapid growth industries in emerging markets that require technology products and services to support their growth. In the different regions of the globe it operates, NewMarket sells, installs and supports technologies from leading technology providers such as Oracle, IBM and HP as well as some lesser known, but leading-edge emerging technology. In 2008, NewMarket reported $95 million in global revenue and has forecasted profitable revenue growth in 2009. For the first three quarters of 2009 ending September 30, NewMarket reported $76 million in revenue with $2.2 million in net income.

Worldwide and NewMarket have entered into a letter of intent as a first step toward building an emerging market systems integrator by coupling NewMarket's operations headquartered in Brazil with Worldwide. Last week, NewMarket and Worldwide released an exclusive on-demand Webcast discussing plans to grow into a market recognized systems integration competitor with $1 billion in annual revenue differentiated in the technology sector by a customer concentration in the rapidly growing global emerging markets. A link to the Webcast is available on the NewMarket corporate website investor relations page at [ www.newmarkettechnology.com ] and is titled 'NewMarket - Worldwide Strategies Webcast'.

NewMarket's Chinese Subsidiary Milestone Transactions Reviewed in Webcast

Last week, NewMarket's Chinese subsidiary announced completing the acquisition of a China Radio Technology Ltd. subsidiary. The acquisition is anticipated to contribute approximately $20 million in annual revenue to NewMarket's Chinese subsidiary in 2010. NewMarket's Chinese subsidiary has also entered into a letter of intent anticipated to provide comprehensive technology support services to a customer in Dalian. The letter of intent is expected to convert into a contract by the end of December worth approximately $36 million over three years, with the potential for as much as $10 million in revenue to be recognized by the Chinese subsidiary in 2010.

The Webcast also presents how the recent acquisition potentially complements both NewMarket's short-term and long-term return on investment strategy and features Worldwide.

A link to the Webcast is now available on the NewMarket corporate website homepage and Investor Relations page at [ www.newmarkettechnology.com ] and is titled 'NewMarket - Chinese Subsidiary Milestone Update Webcast.'

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.

About Worldwide Strategies, Inc.

Worldwide Strategies, Inc. is a development tool stage business that has built a proprietary affinity marketing process and system to provide clients with outsourced services including multi-language capabilities. The affinity market business has signed several substantial contracts but has not established significant revenue.

"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 provisions 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 the Company'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.