SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

January 25, 2010 09:00 ET

NewMarket Technology, Inc. Founder and Chairman Philip Verges Introduces New CEO Bruce Noller to Lead Company From $100 Million to $1 Billion in Annual Revenue

DALLAS, TX--(Marketwire - January 25, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released a letter to shareholders from Company Founder and Chairman Philip Verges introducing Bruce Noller as the Chief Executive Officer. Mr. Noller will formally succeed Philip Verges as CEO on February 1, 2010. Mr. Verges will continue as the Company's Chairman as well as continuing to lead NewMarket's Greenfield Partner Program. The shareholder letter released today and included in its entirety within this press release provides more detail on the management change and Mr. Noller's plan to lead NewMarket's systems integration business from approximately $100 million in annual revenue today to a goal of $1 billion within five years. Further details are also available in the company's Virtual Town Hall videocast released on Friday, January 22 available on demand from the Company's website.

Dear Fellow Shareholders -

I am pleased to introduce Mr. Bruce Noller as the new CEO of NewMarket Technology. Mr. Noller has been a vital member of the NewMarket team for 10 years. He is most recently responsible for the rollout of NewMarket's Outsourcing and Managed Services business line accounting for approximately $100 million in new contracts signed over the last twelve months. To learn more about the Outsourcing and Managed Services business line at NewMarket, I recommend viewing Mr. Noller's Webcast from January 15, this year titled 'NewMarket Outsourcing Services 2010 Webcast' available on-demand from the Company's website at You can also watch Mr. Noller present his vision for the Company's future in NewMarket's Virtual Town Hall Video Webcast available on the Company's 2010 Virtual Town Hall webpage,

NewMarket's vision is to build a business globally recognized for continuously introducing new technologies to new markets around the world. Throughout the Company's thirteen year history, my commitment to NewMarket has been one of passion for the Company's vision and the potential to realize that vision for a meaningful return on investment for the shareholders that have invested in that vision. The path has not been easy. We have faced unexpected challenges -- some specific to our Company and some more global, such as the collapse of the dot-com market, 9/11 and the more recent worldwide financial crisis. We have managed to build an operation with approximately $100 million in annual revenue coming from China, Southeast Asia, South America and now Africa, but we have been frustrated so far by a share price that has not yet reflected our operational success.

In the pursuit of our vision, and in facing our various challenges along the way, NewMarket has evolved since my family founded the first operation in 1997. I have been the CEO since the foundation and I did not imagine at the age of 32, in 1997, that the Company's continued path toward realizing its vision might entail graduating to a new CEO. I like to believe I have grown with NewMarket and today I am confident in the decision and the timing of the decision to install a new CEO to lead NewMarket into a new stage of development and growth. I am very confident that Mr. Noller is the right person for the job. He knows NewMarket well and he has the corporate organizational skills and experience to transition NewMarket from its entrepreneurial culture to a more corporate culture with the systematic processes to support growth to the Company's $1 billion revenue objective.

I will remain as the Company's Chairman. As Chairman I can help NewMarket maintain an entrepreneurial balance to the more corporate culture NewMarket needs to establish. While a larger corporate culture and systemic process will be essential for the next stage of growth, NewMarket will always need to sustain the entrepreneurial spirit required to find and work with the garage and kitchen table inventors creating the next generation of technology. In addition to serving as Chairman of the board, I will also be responsible for NewMarket's Greenfield Partnership Program, where we seek out technology innovators and help them get their ideas developed and deployed. If you have not already, please take some time to view the Company's Town Hall videocast to learn more about our Greenfield Program.

I am by no means exiting NewMarket. My family and the Company's founding investor remain as the majority shareholder. I have a very vested interest in the long-term success of NewMarket. I believe my new role and Mr. Noller's new role are appropriate management updates in conjunction with NewMarket's current stage of development. I am enthusiastic about my new role and equally enthusiastic about Bruce Noller's ability to lead NewMarket into the next stage of growth.

Philip Verges
Founder and Chairman
NewMarket Technology, Inc.

About Bruce Noller

Bruce Noller has served as President of Managed Services and Director for NewMarket and brings over 25 years of Financial, Operational and Marketing experience to NewMarket. Prior to joining NewMarket, Mr. Noller served as President of Noller and Associates Inc., a Dallas-based Accounting and Tax firm. Prior to founding his own firm in 1994, he served as Vice President for Integrated Control Systems, a worldwide management consulting firm. During that time, Mr. Noller proposed and oversaw engagements with a variety of industries including healthcare, distribution, manufacturing, retail, banking, insurance, mining and telecommunications. Mr. Noller has international management consulting experience in Singapore, Malaysia, China, Canada, Latin America and Europe. Mr. Noller holds an MBA from the University of North Texas.

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About NewMarket Technology, Inc. (

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.


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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