Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Review Over $100 Million in Potential Contracts Earmarked for Chinese Operation in Webcast Next Tuesday
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 27, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
scheduled to release an on-demand Webcast next Tuesday, February 2nd hosted
by Mr. Bruce Noller, who has been newly appointed as the Company's Chief
Executive Officer effective February 1, 2010. The Webcast is slated to
include a discussion of NewMarket's $150 million 2010 revenue target, to
include the contribution the Company's Chinese operations are expected to
make towards the target. NewMarket's operations in China provide systems
integration and outsourcing services in the Chinese domestic market. Senior
management of the Company's Chinese operations recently conducted 2010
strategy kickoff meetings in Shanghai and have earmarked over $100 million
in potential contracts for 2010. A link to the Webcast is scheduled to be
published upon release on NewMarket's corporate website
www.newmarkettechnology.com.
2010 Virtual Town Hall and Newly Appointed Chief Executive Officer
Yesterday, NewMarket released a letter to shareholders introducing Mr.
Bruce Noller, the Company's newly appointed Chief Executive Officer
effective February 1, 2010. The shareholder letter 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 2010 Virtual Town Hall videocast.
Both the letter to shareholders and the 2010 Virtual Town Hall are
available on the corporate website Investor Relations webpage:
http://www.newmarkettechnology.com/investor-relations.htm.
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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.