SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

January 05, 2010 09:00 ET

NewMarket Technology, Inc. Announces Management Restructuring and Reconstitution of Board

DALLAS, TX--(Marketwire - January 5, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced plans for a substantial management restructuring and reconstitution of the board of directors are underway. The details are planned to be released at the upcoming Virtual Town Hall scheduled for January 22nd, 2010.

"The Company has grown substantially since its inception in 1997 and entry into the public market in 2002," said Philip Verges, CEO and Founder. "At approximately $100 million in annual sales, the Company is ready to enter a new phase of growth, stepping beyond its entrepreneurial foundation. A substantial part of that step will include a management and director change. We anticipate the changes to have a positive impact on the Company's potential for continued growth."

The management and director changes are expected to take place in phases, beginning February 1, 2010 and continuing through April 1, 2010.

NewMarket Technology Virtual Town Hall January 22, 2010

NewMarket plans to release a 2009 Virtual Town Hall January 22, 2010. The Virtual Town Hall is scheduled to be made available online to interested viewers on their own schedule and from their own location. Each year, NewMarket hosts a Town Hall meeting to review the previous year's results, to preview the Company's plans for the year ahead and outline plans to evolve the Company's growth strategy while adopting lessons learned. A link to the Town Hall will be posted on the Company's corporate website, www.newmarkettechnology.com, upon release.

Sign Up to Receive Regular NewMarket Updates

NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at www.newmarkettechnology.com. Recipients can manage their own email contact profile and safely unsubscribe at any time.

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