SOURCE: NewMarket Technology, Inc.

August 05, 2008 12:03 ET

NewMarket Technology, Inc. Reports Continued Managed Services Strategy Success and Oracle Contract With Multi-Billion Dollar Obrascon Huarte Lain, S.A.

DALLAS, TX--(Marketwire - August 5, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) today announced signing a contract with Obrascon Huarte Lain, S.A. (OHL). OHL is a new client for the Company and with this initial contract NewMarket's Brazilian subsidiary UniOne will supply OHL with Oracle's Standard Edition One Database license. OHL, which reported 2007 revenues of nearly $4 billion, is an international construction and engineering firm based in Spain. OHL's primary focus is on construction and infrastructure as well as public works maintenance and repair for both the public and private sector.

Managed Services Strategy

NewMarket launched a strategy earlier this year to transition the Company's revenue to recurring revenue from long-term Managed Services contracts and customer relationships. The objective of the Managed Services strategy is to improve the Company's value by extending the average length of customer relationships and contracts and improving the efficiency of regional operations through the consolidation of back office functions. The recurring revenue from Managed Service contracts generally receives substantially higher price to sales and price to earnings valuations than revenue from shorter term client relationships. This is because Managed Service revenue is in essence, a foundation of sales that can be built upon, rather than a sale that has to be renewed more frequently. The managed services business was explained in detail in a PowerPoint Webcast that can still be viewed at

Recent Managed Services Contracts

Since launching the Managed Services strategy, some NewMarket customers have approved the announcements of long-term Managed Services contracts. Most notable is the Company's recent announcement of a $10.5 million, three-year contact with WBA Telecommunications (news) and a $4 million, three-year contract with Movistar, a division of Telefonica (news). The Company is continuing to build its Managed Services business by signing long-term service contracts and will continue to announce these accomplishments upon customer approval.

Corporate E-mail Updates

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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 systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, 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.

The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.


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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