SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

November 17, 2009 12:57 ET

NewMarket Technology, Inc. Reiterates Long-Term Value and Improving Milestone ROI Potential With Company on Track to Increase Profitable Revenue Beyond $100 Million

DALLAS, TX--(Marketwire - November 17, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released a statement from CEO Philip Verges regarding the Company's plans to deliver a long-term return on investment in combination with delivering ongoing opportunities for periodic shorter horizon returns on smaller investments in milestone successes.

Mr. Verges' statement is included in its entirety below:

"NewMarket Technology continues to build long-term value for shareholders. We believe our third quarter financial report will demonstrate the company's improving operations: revenue is growing, the percentage of revenue from recurring revenue streams is increasing, operating margins are improving and emerging market operations are posting record profits.

"We believe our current share price does not come close to reflecting the Company's fundamental financial performance. Beacon Equity Research recently reviewed NewMarket and suggested a speculative buy with a target $1.42 pps. We believe the discrepancy between share price and fundamental financial performance is due in part to the dynamics of the over-the-counter markets that make it extremely difficult to realize a return on investment by simple long-term share price appreciation resulting from fundamental financial growth. We continue in our efforts to position the Company in a manner to enhance the opportunity for long-term share price appreciation but have also complemented our efforts to deliver a long-term return with a dividend strategy. We believe NewMarket has tremendous long-term return on investment potential through our previously announced dividend strategy.

"Our most recent initiative to enhance the potential for long-term share price appreciation has experienced a challenge today. We have been pursuing an application to the OTCQX which requires a minimum bid price of $0.25 be maintained for 90 days. Our current share price is below $0.25. We are discussing the situation with our OTCQX Designated Advisor for Disclosure (DAD). However, the OTCQX has published new rules effective February 1, 2010 that includes a lower minimum bid price of $.10 be maintained for 90 days. We will keep you apprised of the discussion with our Designated Advisor for Disclosure.

"While the share price has slipped below the current OTCQX required minimum, the trading activity appears to be establishing a liquidity point. While the share price does not reflect what management believes to be a fair representation of the Company's fundamental financial value, market participants appear to be demonstrating an increased interest in trading the common stock of NewMarket at a share price less than $0.25. As trading volume increases, the opportunity for periodic returns on small investments over a short horizon triggered by the Company's milestone successes improves.

"The founders and management at NewMarket are dedicated to delivering a long-term return to investors. We believe that long-term return includes apprising investors of the potential for short horizon returns on smaller investments in periodic milestone successes. We see the milestone investment opportunity showing signs of potential improvements. We remain committed to our dividend strategy and delivering a long-term return."

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 ( NewMarket does not sell or share recipient's email addresses, and recipients can manage their own email contact profile and safely unsubscribe at any time.

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.

Contact Information

  • Contact:
    NewMarket Technology, Inc.
    Investor Relations