NewMarket Latin America, Inc. (OTC: NLAI) today announced that the company recently completed Hyperion implementations for AVON (NYSE:AVP) in Brazil, and based on that project’s success, also in Chile. NewMarket Latin America, Inc. is the regional, independently listed subsidiary of NewMarket Technology, Inc. (OTCBB: NMKT) based in Dallas, Texas.
The project for Avon was completed by NewMarket Latin America’s operation, UniOne (www.unione.com.br). UniOne is the largest Hyperion partner in Latin America and was chosen to implement Hyperion’s Planning solution, which streamlines the financial and operational planning process, for Avon’s operations in Brazil and Chile. An article highlighting the Avon project can be found at http://www.itweb.com.br/noticias/index.asp?cod=21396. To view this article in English, readers may use one of many online translation tools, such as Alta Vista Babelfish at http://babelfish.altavista.com/, where the web link can be input under the “Translate a Web page” section and then translated from Portuguese to English.
UniOne is a premier business intelligence and systems integration firm in Latin America representing technologies from leaders such as Microsoft (NASDAQ: MSFT) and SSA Global, in addition to Oracle (NASDAQ: ORCL) and Hyperion. UniOne has major customers, both U.S.-based and regionally-based, in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries. Customers also include Apple, Melitta, TAM (NYSE: TAM) and others. A more extensive list of clients can be found at http://www.unione.com.br/clientes.htm.
Projected $30 Million in 2007 Consolidate Revenue from Latin America
NewMarket Technology’s Latin American operations in Brazil and Chile were consolidated into a non-operating shell previously named Paragon Financial (PGNF) and subsequently renamed NewMarket Latin America with the new ticker symbol NLAI. This reverse merger was part of NewMarket Technology’s strategy to create independent regional subsidiaries to leverage the rapid economic growth in select global emerging economies. NewMarket Technology anticipates realizing $30 million in annual sales from its Latin America operations this year. Of the $40 million in NewMarket Technology’s revenue through June 30, 2007, over $13 million came from Latin America operations. Business intelligence and systems integrations operations operating as UniOne have been rolled into NewMarket Latin America and accounted for $8.7 million in revenue of the $13 million in revenue through June 30, 2007. The additional Latin American operations accounting for the balance of the $13 million in revenue are in the process of being consolidated into NewMarket Latin America.
NewMarket Latin America to Upgrade Listing to OTCBB
Prior to the transaction with NewMarket, PGNF fell behind in required financial reporting. NewMarket Latin America is now completing financial reports from the past few quarters and will be filing the required reports necessary to apply to the OTCBB exchange.
To be added to NewMarket Latin America's corporate e-mail list for shareholders and interested investors, please send an e-mail to firstname.lastname@example.org.
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 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.