Contact Information: Contact: NewMarket Latin America, Inc. Investor Relations 214-722-3065 ir@newmarketlatinamerica.com
NewMarket Latin America, Inc. Announces RKM IT Solutions' Service Expansion for Molina Agencia de Viajes Increasing Contract Revenue by 295%
| Source: NewMarket Latin America
DALLAS, TX--(Marketwire - April 29, 2008) - NewMarket Latin America, Inc. (PINKSHEETS : NLAI )
today announced that RKM IT Solutions has renewed its annual contract with
Molina Agencia de Viajes. Molina is the third largest travel agency in
Venezuela, with 29 offices in seven states. Molina has been a client of
RKM IT Solutions for six years and has recently called for an expansion of
RKM's role with the Company through the increase of RKM's IT Outsourcing
services by 295%.
In addition to providing IT Outsourcing services to Molina, RKM also
recently sold a Microsoft license to Molina. RKM is a Microsoft Large
Account Reseller and Enterprise Software Advisor (LAR/ESA). The Company
recently announced a 228% increase in Microsoft sales over the same period
in the prior year. The period tracked was the three quarters from July 2007
to March 2008. Additionally, RKM has already surpassed its annual Microsoft
sales goal by 78%.
As a LAR/ESA Partner, RKM can significantly extend its existing Microsoft
Gold partnership to offer high volume licensing, specifically "Enterprise
Agreement" (EA) and "Select" for companies with more than 250 PCs and
support services to large enterprise and institutional customers. Prior to
their selection to the LAR/ESA Partner program, RKM has been a Microsoft
Gold Partner since 2001, winning the 2003 Microsoft Infrastructure Solution
of the Year award in Venezuela.
As part of this overall increase in Microsoft partner program sales, RKM
recently announced the sale of corporate Microsoft Licenses for Servers and
Workstations to Seguros Venezuela, C.A. (www.segurosvenezuela.com) and
Banco Real, Banco de Desarrollo, C.A. (www.bancoreal.com.ve).
NewMarket Latin America and RKM
NewMarket Latin America is in the process of consolidating RKM into the
Company and being brought current with its reporting requirements in order
to move back to the OTCBB. NewMarket Latin America is a U.S.-based company
headquartered in Sao Paulo, Brazil, with operations being consolidated into
the Company throughout Latin America, to make it a premier business
intelligence and systems integration firm, representing technologies from
leaders such as Microsoft and Oracle, which recently acquired Hyperion.
CEO Aubrey Brown Recently Interviewed by Wallst.net
Company CEO Aubrey Brown interviewed recently with WallSt.net. In the
interview, Mr. Brown discussed the company's business plan to report an
anticipated $30 million in profitable revenue in 2008.
To hear the interview in its entirety, go to
http://www.wallst.net/audio/audio.php?ticker=NLAI&id=4533.
Company Updates and Information
To be added to NewMarket Latin America's e-mail database for shareholders
and interested investors or to receive information on the company, please
send an e-mail to ir@newmarketlatinamerica.com.
About RKM IT Solutions (www.rkmve.com)
RKM is a sixteen-year-old systems integration and IT outsourcing services
firm recognized in Venezuela and throughout northern South America as a
leading provider of mission critical voice, data and video network
solutions, as well as systems integration and help desk support. Clients
include the Top 50 international corporations in the country, as well as a
strong presence in the Oil and Gas, Banking and Manufacturing industry.
RKM is also a regionally certified partner for Cisco Systems, Novell,
Computer Associates, IBM, Hewlett-Packard, Systimax and Microsoft. RKM was
awarded the 2003 Microsoft Infrastructure Solution of the Year in Venezuela
and has been recognized as a Microsoft Gold Partner and now a Microsoft
LAR/ESA partner.
The company is expanding its system integration and IT outsourcing services
in the Caribbean, Colombia, Ecuador, Peru and Mexico.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America provides 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 U.S. 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.