Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065
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
| Source: NewMarket Technology, Inc.
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.
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 (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.