Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065
NewMarket Technology, Inc. CFO Reviews $2.2 Million in Net Income on $76 Million in Revenue for the Nine Months Ending September 30, 2009
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 23, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today released a Webcast to review the Company's third quarter 2009
financial results filed today on SEC Form 10-Q. The review has been
conducted by the Company CFO, Mr. Philip Rauch. In the Webcast, Mr. Rauch
reviews both the Company's third quarter financial results as well as
year-to-date progress.
The Company reported $2.2 million in net income and $76 million in revenue
through the first nine months of the year ending September 30. The Company
reported $95 million in global revenue in 2008 and has forecasted
profitable revenue growth in 2009 compared to 2008.
NewMarket provides systems integration services, to include technology
reseller, customization, integration, and support services, in China,
Southeast Asia, Latin 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.
A link to the Webcast is now available on the corporate website homepage
and investor relations page at www.newmarkettechnology.com titled
'NewMarket Technology 3rd Quarter Review Webcast.'
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 (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.