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NewMarket Technology Inc. Announces $1 Million United States Contract to Develop Software Application in China
2006-05-04 09:35 ET - News Release
DALLAS -- (Business Wire) -- May 4, 2006
NewMarket Launched Operations in China Last Year Signing
Contracts for over $20 Million in Annualized Revenue within China
NewMarket Technology Inc. (OTCBB:NMKT) today announced signing a
$1 million contract to develop a software application in China for a
United States corporation. NewMarket recently announced plans to offer
United States firms software development and maintenance support
services provided by its operations in China. Software Development
Outsourcing to China is projected to become a $1 billion industry.
NewMarket is a leader in this young market sector in the United
States.
Last year NewMarket launched operations in China and subsequently
signed contracts representing over $20 million in revenue with Chinese
companies. The Company is now aggressively marketing its Chinese
software development capabilities to United States firms. China offers
very competitive software development and support services compared to
India\'s software outsourcing industry. China is currently graduating
more English-speaking software engineers than India, and China has a
more developed national infrastructure. These significant advantages
also come at a lower labor cost.
In an effort to introduce U.S. firms to the company\'s capabilities
in China, NewMarket hosts regular Information Technology Trade
Missions to China for IT professionals to learn more about the
software development and maintenance capabilities available in China
today.
The software application announced today will be a pilot solution
supporting the client\'s overall strategy to expand operations
globally. The contract has the potential to expand dependent upon the
client\'s satisfaction with the pilot project.
Sunday-Market: Biotechjuwel mit Blockbuster-Potenzial im Kampf gegen das HIV-Virus!Sunday-Market: Biotechjuwel mit Blockbuster-Potenzial im Kampf
2006-05-04 09:35 ET - News Release
DALLAS -- (Business Wire) -- May 4, 2006
NewMarket Launched Operations in China Last Year Signing
Contracts for over $20 Million in Annualized Revenue within China
NewMarket Technology Inc. (OTCBB:NMKT) today announced signing a
$1 million contract to develop a software application in China for a
United States corporation. NewMarket recently announced plans to offer
United States firms software development and maintenance support
services provided by its operations in China. Software Development
Outsourcing to China is projected to become a $1 billion industry.
NewMarket is a leader in this young market sector in the United
States.
Last year NewMarket launched operations in China and subsequently
signed contracts representing over $20 million in revenue with Chinese
companies. The Company is now aggressively marketing its Chinese
software development capabilities to United States firms. China offers
very competitive software development and support services compared to
India\'s software outsourcing industry. China is currently graduating
more English-speaking software engineers than India, and China has a
more developed national infrastructure. These significant advantages
also come at a lower labor cost.
In an effort to introduce U.S. firms to the company\'s capabilities
in China, NewMarket hosts regular Information Technology Trade
Missions to China for IT professionals to learn more about the
software development and maintenance capabilities available in China
today.
The software application announced today will be a pilot solution
supporting the client\'s overall strategy to expand operations
globally. The contract has the potential to expand dependent upon the
client\'s satisfaction with the pilot project.
Sunday-Market: Biotechjuwel mit Blockbuster-Potenzial im Kampf gegen das HIV-Virus!Sunday-Market: Biotechjuwel mit Blockbuster-Potenzial im Kampf
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