SOURCE: NewMarket Technology, Inc.

December 07, 2007 09:00 ET

NewMarket Technology, Inc. Director and Former Dallas Federal Reserve Chairman, Major General (Ret.) Hugh Robinson, Issues Statement in Conjunction With Company's $7 Million Strategic Financing Deal

DALLAS, TX--(Marketwire - December 7, 2007) - NewMarket Technology, Inc. (OTCBB: NMKT) today released a statement from Major General (Ret.) Hugh Robinson, NewMarket Board Member and Former Chairman of the Federal Reserve Bank of Dallas, in conjunction with the $7 million strategic financing transaction the Company announced yesterday.

NewMarket Director Hugh Robinson Statement Regarding Institutional Financing

"The financing transaction announced yesterday is a landmark event in NewMarket's corporate maturation. Not only is the dollar amount of the transaction significant, more importantly the transaction represents NewMarket's ability to successfully engage an institutional investment house. I joined the NewMarket board last year because I was impressed by management's aggressive pursuit of a meaningful and worthwhile vision to establish an altogether new business model for introducing new technologies into the world's under served emerging markets. I felt I could help NewMarket transition from its early stage corporate culture and business organization into a next-stage enterprise demonstrating the type of best industry practices that would support the Company in its growth to a billion dollars in annual revenue. Management has made a number of hard choices over the last year and, in my opinion, the right choices. The financing transaction is directly attributable to a series of steps executed by management over the previous twelve months to prepare NewMarket for an engagement with an institutional investor. This financing will be the cornerstone of NewMarket's continuing corporate maturation and the foundation for additional corporate developments in the coming year in advancing NewMarket's business plan."

Director Major General (Ret.) Hugh Robinson Background and Experience

Major General (Ret.) Hugh Robinson is a former chairman and board member of the Federal Reserve Bank of Dallas and currently serves on the Board of Directors of CarMax, Inc., Aleris International, Inc., North Texas Public Broadcasting Co., Inc., the LBJ Foundation, Inc., the Better Business Bureau and on the Advisory Board of TXU Corp. He is a member of the Dallas Citizens Council, the National Society of Professional Engineers, the Greater Dallas Chamber and the Dallas Black Chamber.

A graduate of the U.S. Military Academy at West Point, Mr. Robinson also earned a Master's Degree in Civil Engineering at Massachusetts Institute of Technology (MIT). In addition, he received an honorary Doctor of Laws degree from Williams College and attended the Harvard Management Program for Executives.

More information on Mr. Robinson's background is available on the Company's website at

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About NewMarket Technology, Inc. (

NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.

NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.

NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.


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.

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