NewMarket Latin America, Inc. (OTC: NLAI) today announced that the company’s recently completed Oracle (NASDAQ: ORCL) implementation for Melitta in Brazil has been highlighted by Oracle as a partner success story.
Melitta Coffee Products From Germany
Melitta is a German consumer products company founded in 1908 that has three plants and eight distribution centers in Brazil, which serve more than 15,000 customers. Melitta manufactures a wide variety of consumer products to include air cleaners, humidifiers, vacuum bags and other cleaning products, and is best known for their full range of coffee products manufactured under the Melitta brand name.
UniOne - NewMarket Latin America’s Operation in Brazil
The Oracle project for Melitta was completed by NewMarket Latin America’s operation in Brazil, UniOne (www.unione.com.br). UniOne implemented Oracle’s solution for Melitta to enhance and streamline distribution, improve communication between plants and reduce IT management costs by 60%. UniOne is an Oracle partner in Brazil and the project has been highlighted by Oracle at http://www.oracle.com/customers/snapshots/melitta-brazil-snapshot.pdf.
NewMarket Technology, Inc. – Building Regional High Tech Operations Worldwide
NewMarket Latin America, Inc. is the regional, independently listed subsidiary of NewMarket Technology, Inc. (OTCBB: NMKT) based in Dallas, Texas. NewMarket Latin America’s Brazilian operation, 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 its recently acquired 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, Avon (NYSE: AVP), TAM (NYSE: TAM) and others. A more extensive list of clients can be found at http://www.unione.com.br/clientes.htm.
$30 Million in Projected Revenue from Latin America; $100 Million Worldwide
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. NewMarket Technology, Inc. anticipates realizing over $100 million in profitable revenue from its worldwide operations.
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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 delivers 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.