NewMarket Latin America, Inc. (OTC: NLAI) today announced that the company’s parent, NewMarket Technology, Inc. has been named the fastest growing technology company in the Dallas-Fort Worth (DFW) area for the second year in a row on the Metroplex Technology Business Council’s (MTBC) Tech Titan Fast 50, compiled by Deloitte. In his acceptance speech, NewMarket Technology CEO Philip Verges attributed the company’s growth to the technology leap frog opportunities found in developing economies to include Latin America. NewMarket Latin America focuses on systems integration and emerging technology in Latin America and recently announced projects implementing Hyperion Planning for cosmetic producer AVON (NYSE:AVP) in both Brazil and Chile (news) and implementing an Oracle (NASDAQ: ORCL) solution for the German consumer products maker, Melitta, featured as a partner success story by Oracle, http://www.oracle.com/customers/snapshots/melitta-brazil-snapshot.pdf (news).
Tech Titan Winners in Dallas Business Journal and on YouTube
The Tech Titan nominees and winners have been featured in a special publication by the Dallas Business Journal (http://www.bizjournals.com/dallas/). The Tech Titan Fast 50 winners have been ranked in the publication, which includes an article on the number one winner, NewMarket Technology, stating, “NewMarket uses a leap-frog strategy in such regions (regions with quick-growing economies like Asia and Latin America). In the United States and other developed countries, last-generation technology has to be knocked out first for a company to introduce new products or services. But in the less-developed countries, the markets may not have any technology in place yet, and a new company can introduce the technology solution.”
Additionally, a video, titled “2007 Tech Titans Top 10” has been posted to YouTube featuring the top ten Tech Titan Fast 50 winners and NewMarket’s CEO, Philip Verges: http://www.youtube.com/user/newmarkettechnology.
Deloitte Technology Fast 50 and Fast 500
This is the fourth year in a row parent company NewMarket Technology has been named to the Tech Titan’s list. NewMarket Technology’s revenue growth over five years (2002 to 2006) was 7,996%. The Tech Titan Fast 50 recognizes the 50 fastest-growing technology companies in the DFW area, based on percentage revenue growth over five years (2002 to 2006) as well as percentage revenue growth over one year (2005-2006). The Tech Titans Award Ceremony was held Saturday, September 29th. For more information on the Tech Titan awards and winners, please visit http://www.metroplextbc.org/techtitans/index.html.
NewMarket Technology will now advance to the Deloitte Texas Fast 50 and the Deloitte Technology Fast 500 award for North America, with results expected later in October.
Last year, NewMarket ranked number one in Texas, number three in the United States and number five in North America 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 for the 2006 Fast 500 are based on percentage revenue growth over five years, from 2001-2005.
NewMarket 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.
For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
To be added to NewMarket Latin America's corporate e-mail list for shareholders and interested investors, please send an e-mail to email@example.com.
About MTBC/Tech Titans (http://www.metroplextbc.org/techtitans/index.html)
Founded in 1994 by MCI, Nortel Networks, Fujitsu, and Rockwell International, the Metroplex Technology Business Council (MTBC) is non-profit 501(c)(6) organization. Membership in the MTBC consists of technology members (80 percent of membership) and provider members (20 percent of membership). Membership is open to all technology companies. The MTBC is dedicated to fostering a supportive business environment for technology companies and members of the technology community through leadership, advocacy, education and cooperative initiatives.
The Tech Titans awards were launched in 2001 by the Metroplex Technology Business Council (MTBC), North Texas' most comprehensive organization supporting technology. The Tech Titans committee is a group of dedicated volunteers that each year organizes the annual awards ceremony. Judges are drawn from a variety of disciplines in technology, leaders in the area and past winners. For more information, visit www.metroplextbc.org/techtitans.
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.
"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.