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Newmarket International Secures $ 20 Million Equity Investment to Expand Research & Development of Its New Line of Hospitality E-Business Solutions
Fortune 500 investor provides capital to solidify Newmarket's position as leading provider of Web-enabled sales automation solutions for global hospitality and meetings industries
8 August 2000

PORTSMOUTH, N.H. / Aug. 9, 2000-- Newmarket International, Inc. announced today it has secured a $20 million equity investment from a major Fortune 500 international financial services group.

Newmarket will use the capital to augment and accelerate the development and delivery of its new line of Web-enabled solutions, including its netDelphi 2000 Series, unveiled at the HITEC tradeshow in June, said Newmarket President Steve Giblin.

"Ongoing research and development is a key factor in our ability to provide customers with cost-effective, profit-making solutions," Giblin said. "With netDelphi already implemented, this new investment further strengthens our ability to deliver leading-edge applications and services via the Web that can be customized to meet the specific needs of any operation."

The netDelphi 2000 Series provides a complete automation solution, including applications, training, support, and services delivered over the Internet, according to Newmarket's Chief Technology Officer, Charles Hoppensteadt.

"Just as our service is channeling the entire RFP process between meeting planners and hotels to the Internet, our ASP solution, netDelphi gives hotels the means to shift operations to the Web, and significantly reduce overhead associated with existing IT infrastructures," Hoppensteadt said.

, released in March, routes leads from Web-based RFP sites directly into a hotel or destination's sales automation system. The netDelphi 2000 Series integrates with , and makes a company's customer data accessible to salespeople anywhere in the world.

About Newmarket International

Newmarket International () provides software and e-Business solutions that automate sales and operations for every type of hospitality venue, from independent hotels of any size to resorts, casinos, convention centers, convention & visitors bureaus, and the complete corporate enterprise. Newmarket is widely recognized as the premier innovator of scalable sales and catering systems, web-enabled applications, and today's e-Business strategies, including . A total solutions provider, Newmarket offers leading-edge technologies, onsite and Web-based training, consulting, project management and superior support based on unparalleled industry expertise.

(c)Copyright 2000 Newmarket International, Inc. All rights reserved. Newmarket, Delphi, Breeze, CCBreeze, CVBreeze, Functions Breeze, and Delphi Multi-Property Edition are registered trademarks, Global SFA is a trademark; and is a service mark of Newmarket International, Inc. Additional company and product names may be registered trademarks or trademarks of their respective owners.

Contact
Shawn McDonald
Director of Marketing
Phone: (603) 430-7434
Fax: (603) 436-1826
Email: smcdonald@newmarketinc.com

Organization
Amadeus Hospitality
https://www.amadeus-hospitality.com/
75 New Hampshire Avenue
USA - Portsmouth, NH 03801
Tollfree: 888-829-8871
Phone: 1 603 436 7500
Email: info@amadeus-hospitality.com

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