NewMarket Technology, Inc. to Acquire 51% Interest in Worldwide Strategies, Inc., and Transform Into Mobile Computing Business With $20 Million in Anticipated 2008 Revenue

Binding Letter of Intent Disclosed in SEC Form 8-K Filed February 19, 2008

Print
| Source: NewMarket Technology, Inc.

DALLAS, TX--(Marketwire - February 20, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) and Worldwide Strategies, Inc. (OTCBB: WWSG) today announced a binding letter of intent (LOI) whereby NewMarket will acquire a fifty-one percent (51%) majority interest in Denver-based Worldwide Strategies. Worldwide Strategies is currently a development stage business with approximately 20 million shares outstanding on a fully diluted basis and no substantial revenues yet established. NewMarket is a global technology services business with approximately $100 million in annual revenue concentrating on the continuous introduction of new technologies to new markets. NewMarket is a rapid growth company that has been near the top of the Deloitte Technology Fast 500 list for the past three years.

Mobile Computing Business to be Consolidated into Worldwide Strategies

NewMarket recently announced adding a Mobile Computing Solution, to include mobile software, mobile security and mobile access, to its current portfolio of emerging technology products and services. NewMarket launched efforts to build a Mobile Computing Solution offering in the third quarter of 2007. The Company plans to consolidate its Mobile Computing business into Worldwide Strategies and anticipates $20 million in sales in 2008 resulting from the new Mobile Computing Solution offering, in addition to Worldwide Strategies' existing health benefits business solutions program.

Mobile Computing Solution Offering in South America, China and South East Asia

The Mobile Computing Solution offering to be consolidated into Worldwide Strategies will include both infrastructure solutions and applications for provisioning and managing users accessing mobile solutions, in addition to a number of various industry specific mobile applications, such as online banking. The initial Mobile Computing Solution offering is being assembled by the acquisition of three innovative mobile software companies. Details regarding the Mobile Computing Solution and the three companies being acquired will be subsequently released. The Worldwide Strategies Mobile Computing Solution offering will take advantage of NewMarket Technology's existing emerging economy distribution channels in South America, China and South East Asia.

Mobile Computing Industry Opportunity in Emerging Economies

The Mobile Computing Industry includes mobile application and security software used on devices such as handheld computers, PDAs, smartphones and cell phones. The demand for mobile software applications is being driven in large part by the growing penetration of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. According to IDC, the worldwide mobile phone market reached a new milestone at the close of 2006 with more than one billion units shipped worldwide over the year.

Corporate Email Updates

To be added to NewMarket Technology's e-mail database to receive company updates, please send an e-mail to ir@newmarkettechnology.com.

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 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 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.

About Worldwide Strategies, Inc. (www.wideinc.com)

Worldwide Strategies is a development stage business that has built a proprietary affinity marketing process and system to provide clients with call center software platforms or outsourced client services to include multi-lingual capabilities. The Company's development to date has resulted in less than $1 million in liabilities. The affinity market business has signed several substantial contracts, but has not yet established substantial revenue. The Company has approximately 20 million shares outstanding on a fully diluted basis. The NewMarket transaction is intended to support a strategic business relationship and has been designed to have added no additional common stock to the issued and outstanding. The acquisition will be transacted with preferred stock including majority voting rights.

"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.

Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com