Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Review Milestone $36 Million Technology Services Contract Signed by Chinese Subsidiary in Webcast
On-Demand Webcast Scheduled for Tuesday, January 12th
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 8, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced plans to conduct an
on-demand Webcast Tuesday, January 12th focused on its Chinese operating
subsidiary's recently signed three-year contract to provide information and
telecommunication technology services to Aoyuan Electronic Co. Ltd located
in Dalian, China. The contract is valued at $36 million over the three-year
term and is the third largest outsourcing services agreement signed in the
past year. In 2009, the Company's regional subsidiaries signed two other
large, three-year outsourcing sales contracts, one in China worth $30
million and one in Latin America worth $33 million. Last year, NewMarket
and its subsidiaries introduced its outsourcing services line and focused
on shifting the Company's revenue base from short-term, project-based
contracts to long-term, managed services contracts.
NewMarket reported $95 million in global revenue in 2008 and has forecasted
profitable revenue growth in 2009 compared to 2008. The Company 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.
NewMarket Technology Virtual Town Hall January 22, 2010
2009 Virtual Town Hall - January 22, 2010
NewMarket plans to release a 2009 Virtual Town Hall January 22, 2010. The
Virtual Town Hall is scheduled to be made available online to interested
viewers on their own schedule and from their own location. Each year,
NewMarket hosts a Town Hall meeting to review the previous year's results,
to preview the Company's plans for the year ahead and outline plans to
evolve the Company's growth strategy while adopting lessons learned. A link
to the Town Hall will be posted on the Company's corporate website,
www.newmarkettechnology.com, upon release.
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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.