Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates Record Revenue Growth in 2010
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 20, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced anticipated record growth in 2010. On January 22nd, the
Company will review plans to achieve record growth in its previously
scheduled virtual Town Hall. The Virtual Town Hall is scheduled to be made
available online and on-demand on January 22, 2010 to interested viewers on
their own schedule and from their own location.
NewMarket currently has approximately $100 million in annual revenue coming
primarily from its operations in emerging markets around the world.
NewMarket provides systems integration services, to include technology
reseller, customization, integration, and support services, in China,
Southeast Asia, South America and North America and is actively expanding
its business services into the growing markets of East Africa. NewMarket
focuses on the rapid growth industries in emerging markets that require
technology products and services to support their growth.
Recent Webcast Featuring $1 Billion, 5-Year Revenue Objective
NewMarket recently released an on-demand Webcast focused on the Company's
Outsourcing Services objectives for 2010 and beyond, presented by the
Company's President of Managed Services, Bruce Noller. NewMarket recently
announced its Chinese operating subsidiary signing a three-year, $36
million contract. The contract is the second major outsourcing agreement in
the Asia region. NewMarket also signed an agreement last year in South
America worth $33 million over the three-year term. A link to the Webcast
titled 'NewMarket Outsourcing Services 2010 Webcast' is available on the
homepage and investor relations page of the NewMarket website at
www.newmarkettechnology.com.
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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.