NewMarket Latin America, Inc. (OTC: NLAI) plans expansion into the Peruvian market, leading with services from the company’s subsidiary UniOne and with municipal broadband Wi-Fi services from the company’s parent, NewMarket Technology, Inc. (OTCBB: NMKT). UniOne (www.unione.com.br) is a premier systems integration firm in Latin America representing technologies from leaders such as Microsoft (NASDAQ: MSFT), SSA Global, Oracle (NASDAQ: ORCL) and Hyperion. Notably, UniOne is the biggest Hyperion partner in Latin America. Hyperion was recently acquired by Oracle.
UniOne Plans Expansion into Peruvian Market
UniOne Chile’s general manager Randy Vergara was recently interviewed by Business News America’s on the company’s plans to expand into Peru and told the news agency, “The subsidiary is already bidding for a contract with one company in Peru, and depending on the number of contracts signed and the period they cover, UniOne Chile might consider opening an office there.” Vergara added, “Peru is also appealing as it has low penetration of Hyperion solutions, which are part of Oracle's portfolio and represent UniOne's largest business unit.”
The article is available on the Business News Americas website at www.bnamericas.com. Readers may subscribe to Business News Americas or try a free trial to read the article, or find the article reprinted free of charge at http://www.tmcnet.com/usubmit/2007/07/30/2823506.htm.
NewMarket Explores Municipal Broadband Wireless in Peru
In addition to the company’s subsidiary UniOne planning expansion into the Peruvian market, NewMarket Latin America will be traveling to Peru for meetings on municipal broadband wireless in the country November 12th-15th. The company is already actively pursuing municipal Wi-Fi projects in other regions of Latin America with their parent company’s subsidiary, Texas-based RedMoon Broadband. Recently, RedMoon Broadband participated in a NewMarket Trade Mission to Brazil to identify municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital, Brasilia. Brazil's telecom regulator, Anatel, recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access. Additionally, NewMarket and RedMoon Broadband announced the signing of a non-binding letter of intent to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico.
Texas-based RedMoon Broadband is a leader in municipal Wi-Fi and has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities, including Addison, Texas, home to major corporations such as Mary Kay, Pizza Hut and Palm Harbor Homes.
Additionally, RedMoon and Chevron Energy Solutions, a business unit of Chevron Corporation (NYSE:CVX), deliver service through the companies' SkyPilot mesh network to the 10-square-mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues. Automatic Meter Reading (AMR) technology will enable Burleson to reduce meter-reading costs, improve the accuracy of readings, support water conservation efforts and raise the level of customer service.
Alexandre Couto Appointed as President of UniOne
Separately, UniOne recently announced the appointment of the company’s new president, Mr. Alexandre Couto. Mr. Couto is one of the founding members of UniOne and has been responsible for the company’s strategic growth through operations in both Brazil and Chile. In his role as President, Mr. Couto will oversee UniOne’s operations in Latin America to continue to grow the company through strengthening existing client relationships, expanding the company’s product and service offerings and further diversifying the Company’s customers which include Apple (NASDAQ: AAPL), TAM, Avon (NYSE: AVP) and others. A more extensive list of the company’s clients can be found at http://www.unione.com.br/clientes.htm.
With more than 18 years experience in the technology industry, Mr. Couto’s experience includes co-founding Improve Business Consulting, which merged into Mind Technology and is now known as UniOne. Mr. Couto completed his undergraduate studies at Faculdades Associadas de São Paulo where he received a Bachelors of Business Administration with a specialization in Systems Analysis and a Masters of Production Management from the prestigious Fundação Getύlio Vargas, a Brazilian think tank and one of the top universities in Latin America.
To be added to NewMarket Latin America’s e-mail database for shareholders and interested investors, please send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America is a consolidated subsidiary of NewMarket Technology providing world class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.
NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
About RedMoon Broadband (www.redmoonbroadband.com)
RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon's networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.
RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.
RedMoon holds a DIR Commodity Purchasing Program Contract (No. DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
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. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
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