SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

December 03, 2009 09:00 ET

NewMarket Technology, Inc. Reviews $30 Million in Potential New Revenue in 2010 for Chinese Subsidiary From Pending Acquisition and Service Contract Anticipated to Close in December

DALLAS, TX--(Marketwire - December 3, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) has released an exclusive Webcast featuring an update on potential near-term and long-term return on investment. The combined new revenue potential in 2010 from two pending agreements reviewed in the Webcast for the operation in China is approximately $30 million. The Webcast further reviews NewMarket's recently filed 3rd quarter financial report where the Company reported $2.2 million in net income and $76 million in revenue through the first nine months of the year ending September 30, 2009.

A link to the Webcast is now available on the corporate website homepage and investor relations page at www.newmarkettechnology.com and is titled 'NewMarket Shareholder Update Featuring Short-Term & Long-Term ROI Update.'

Pending Acquisition and Service Contract Agreements

NewMarket recently announced that its Chinese operating subsidiary has signed a letter of intent to acquire a China Radio Technology Ltd subsidiary located in Shenzhen. China Radio Technology Ltd, a Hong Kong-registered company, is a mobile communication hardware and software company that develops and manufactures products for sale in China. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. Shenzhen is located north of Hong Kong in the Guangdong province and is considered one of the fastest growing cities in the world.

NewMarket also recently announced that its subsidiary operation in China has signed a letter of intent to provide outsourcing services to Aoyuan Electronic Co. Ltd in Dalian, China, for $36 million over three years. The pending contract would be the second major outsourcing contract signed by the Chinese operating subsidiary this year. NewMarket has been marketing a new outsourcing service since the beginning of this year and earlier this year its operating subsidiary in China signed $30 million in total revenue value over three years with Beijing Chuangzhitongda Technology Development through the outsourcing services offering.

NewMarket 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 and is focused on turning short-term, project-based contracts into long-term managed services contracts to support their recurring revenue business. In the different regions of the globe it operates, NewMarket sells, installs and supports technologies from leading technology providers such as Oracle, IBM and HP as well as some lesser known, but leading-edge emerging technology.

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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 (www.newmarkettechnology.com). Recipients can manage their own email contact profile and safely unsubscribe at any time.

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.

Contact Information

  • Contact:
    NewMarket Technology, Inc.
    Investor Relations
    214-722-3065