SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

November 19, 2009 09:15 ET

NewMarket Technology, Inc. Announces Letter of Intent for Chinese Subsidiary to Acquire China Radio Technology Ltd. Subsidiary With $20 Million in Anticipated Annual Revenue

Acquisition Opportunity to Be Reviewed in Shareholder Update Webcast Tomorrow, November 20, 2009

DALLAS, TX--(Marketwire - November 19, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced that its Chinese operating subsidiary has signed a letter of intent to acquire a China Radio Technology Ltd subsidiary in Shenzhen. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. China Radio, a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China. The subsidiary, which NewMarket's Chinese operating subsidiary plans to acquire from China Radio, is anticipated to produce $20 million in annual revenue.

Shenzhen is located north of Hong Kong in the Guangdong province. According to Wikipedia, Shenzhen is considered one of the fastest growing cities in the world and is home to the headquarters of several high-tech companies. Shenzhen is also considered the major financial center in Southern China, having the Shenzhen Stock Exchange and the recently launched ChiNext exchange. Shenzhen is also a major port and, in 2007, was ranked the 4th busiest port in the world for container traffic.

Last week, the CEO of the Chinese operating subsidiary, Paul Danner, presented on the acquisition opportunity in Shenzhen in a Webcast that is available online. A link to the Webcast is available here.

NewMarket plans to review the acquisition opportunity in its previously scheduled shareholder update Webcast tomorrow, November 20, 2009. Company Webcasts are posted to the Investor Relations page at www.newmarkettechnology.com upon release and are available for viewing on-demand.

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About NewMarket Technology, Inc. (www.newmarkettechnology.com)

NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.

Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.

NewMarket's rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.

"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.

Contact Information

  • Contact:
    NewMarket Technology, Inc.
    Investor Relations
    214-722-3065