Strategic Penny Stocks To Watch NEWMARKET TECHNOLOGY INCORPORATED (OTC: NWMT)
Up 100.00% on Wednesday
NewMarket’s current portfolio of operating subsidiaries provides systems integration and technology infrastructure services. NewMarket’s operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential. NewMarket has operating subsidiaries today in China, Singapore, Brazil and Northern Latin America.
NWMT News:
01-26-12 Strategic Penny Stocks To Watch NEWMARKET TECHNOLOGY INCORPORATED (OTC: NWMT)
October 27 – China Crescent Enterprises, Inc. Anticipates Potential Business Strategy Updates in Light of Recent NewMarket Technology, Inc. (NWMT) Announcement
China Crescent Enterprises, Inc. (“China Crescent” or the “Company”) (OTC: CCTR) announced that it anticipates potential business strategy updates in light of a recent NewMarket Technology, Inc. (“NewMarket”) (OTC: NWMT) announcement on October 20, 2011. China Crescent is a majority-owned subsidiary of NewMarket.
On October 20, NewMarket announced that it is exploring new potential investment relationships and an associated change of control event. China Crescent anticipates that any such investment relationship or change of control event of NewMarket would also impact the Company and its business strategy. The entire announcement is available on NewMarket’s website.
On October 21, 2011, NewMarket also released a Current Report on Form 8-K to report that it received shareholder approval for an amendment to NewMarket’s Articles of Incorporation to increase the number of its authorized shares of common stock. The amendment is solely for the purpose of increasing the number of authorized shares of common stock for NewMarket and specifically does not include a reverse split of its issued and outstanding shares. The 8-K can be reviewed in its entirety at:
China Crescent has no plans at this time to either increase the number of its authorized shares of common stock or reverse split its issued and outstanding shares.
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