Exhibit 99

Press Release                                   Source: Chell Group Corporation

Chell Group and NewMarket Technology Inc. Announce 51% Stock Acquisition of
LOGICORP

August 4 2004, 2:00pm ET

Calgary, August 4, 2004. CHELL GROUP CORPORATION (CHEL.PK), a technology holding
company, and NewMarket Technology, Inc. (OTCBB: NMKT). announced today that
NewMarket has acquired 51% of LOGICORP, a Chell Group subsidiary, in a Stock
Acquisition.

The sale of LOGICORP Data Systems Ltd. includes the sale of LOGICORP Services
Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same
management to provide clients comprehensive information technology integration
and support services. NewMarket acquired 51% of the issued and outstanding stock
of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in
cash and $1 million will be paid according to the terms of a $1 million,
24-month promissory note.

An updated LOI was executed on June 30 following a mutual due diligence
engagement. In light of the prevailing financial markets and in a mutual
commitment to a common business vision, NewMarket and the LOGICORP shareholders
agreed to a further modification of the acquisition terms previously updated on
June 30. In the acquisition announced today, NewMarket has exchanged only cash
and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has
not issued any NewMarket stock in this transaction. Chell Group shareholders
have the opportunity to receive NewMarket stock based on the operating
performance of LOGICORP over the next twelve months provided LOGICORP achieves a
minimum of $18 million in sales with operating profit of break even or better in
the twelve months following this initial stock acquisition.


About Chell Group Corporation:

Chell Group Corporation (www.chell.com) is a technology holding company. Chell
Group's holdings includeLogicorp http://www.logicorp.ca, and eTelligent
Solutions Inc. http://www.esicanada.com.

Forward-looking statements and comments in this press release are made pursuant
to safe harbor provisions of the Securities Exchange Act of 1934. Certain
statements, which describe Chell Group Corporation's intentions, expectations or
predictions, are forward-looking and are subject to important risks and
uncertainties. The results or events predicted in these statements may differ
materially from actual results or events. Factors which could cause results or
events to differ from current expectations include, among other things: the
acceptance of Internet based application service providers in the consumer
market, the impact of rapid technological and market change, general industry
and market conditions and growth rates.