Thursday, NewMarket Technology Inc. (NWMT.PK) said its Chinese operating subsidiary has signed a letter of intent or LOI to acquire a China Radio Technology Ltd subsidiary in Shenzhen. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. The subsidiary, which NewMarket's Chinese operating subsidiary plans to acquire from China Radio, is anticipated to produce $20 million in annual revenue.
NewMarket Technology Inc. provides voice over Internet protocol telephony, systems integration, and wireless broadband technology solutions in the United States and internationally. It primarily focuses in the areas of software licensing, domestic and international telephony, technical consulting, and systems integration products and services.
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