NewMarket Technology, Inc. (PINKSHEETS: NWMT)today announced World Bank Scholar Dr. James Jiang as the Chief ExecutiveOfficer of NewMarket's Chinese subsidiary. NewMarket has forecasted $150million in overall revenue for 2010 with $85 million expected from theChinese subsidiary. Dr. Jiang has been with NewMarket since 2006, managingthe Company's local operations in China. His responsibilities andauthority are now expanded as the CEO of the independently listed publiccompany.
"It gives me great pleasure to present our new CEO of the Chinesesubsidiary," stated Paul Danner, the exiting CEO of the Chinese subsidiary."Dr. Jiang is a talented executive who has been instrumental to theCompany's growth in China over the past few years, and we are delighted hehas accepted the appointment as Chief Executive Officer."
replica balenciaga handbagsMr. Danner remains with NewMarket in an expanded role as the Director ofWorldwide Business Operations. He will be working to maximize thehorizontal integration of business operations and opportunities across allthe NewMarket companies, and to improve activity reporting of all thecompanies in support of the Company's $1 billion five-year profitablerevenue objective.
"The Director of Worldwide Business Operations is a newly created positionand part of NewMarket's plan to reach $1 billion in profitable annualrevenue within the next five years," said Bruce Noller, NewMarket CEO. "Inhis previous role as CEO of our Chinese subsidiary, Mr. Danner greatlyexceeded all performance expectations by significantly growing outsourcingservices in China, delivering on the recent acquisition to expand theChinese operations into ODM services, and leading both revenue and netincome growth within the NewMarket family of companies the past two years."
About Dr. James Jiang
Dr. James Jiang has over 18 years of senior executive management experiencein the information technology and wireless industries. His managementresume includes posts with various multinational firms including BritishTelecom, Telular Corp, Singapore Technologies and GaozhiSoft. Dr. Jianghas extensive knowledge of GSM and GPRS cellular systems and architecture,3G wireless communications, and Internet technologies. In 1996, hedeveloped and launched AirTrak, China's first e-commerce service to delivercommerce information from the Internet via a wireless network, and was theChief Architect of a dynamic web content cache engine and mobileapplication platform. Dr. Jiang holds two patents in Vi-ter-bi Decodingand Dynamic Contents Extraction, and is a World Bank Scholar.
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About NewMarket Technology, Inc. ( )
NewMarket is a reporting company with audited financial reports filed withthe SEC. NewMarket provides systems integration, technology infrastructureservices and emerging technology worldwide. NewMarket has a focus onproviding technology and support services to rapidly growing economieswhere technology purchasing is on the rise. In addition to its base ofoperations in North America, NewMarket has operations today in the growingeconomies of China, Southeast Asia, Brazil and Northern Latin America. Lastyear the Company reported over $40 million in revenue from Asia and over$20 million in revenue from Latin Am
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