Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Subsidiary, RKM IT Solutions, Renews One-Year Contract Estimated at $820,000 for Outsourcing Helpdesk for Bigott Cigars
Contract Renewal Is Estimated to Be a 20% Increase Over 2007 Contract Consistent With NewMarket's Year-to-Date Organic Growth of 19%
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 5, 2007) - NewMarket Technology, Inc. (OTCBB : NMKT )
announced today that their Latin American regional subsidiary, RKM IT
Solutions (RKM), is renewing their contract with Bigott Cigars of South
America to outsource the entire helpdesk for another year for 2008. RKM
has successfully provided Bigott's helpdesk services with approximately
twenty-five personnel on-site for 2007. The 2008 contract value is
estimated at $820,000 and represents an approximate 20% increase over last
year's contract, which is consistent with NewMarket's 19% organic growth
reported year to date.
Separately, NewMarket recently announced two new North American contracts
worth $1.2 million in revenue expected to be realized in the fourth quarter
of 2007 (http://biz.yahoo.com/iw/071127/0332734.html). NewMarket
traditionally has experienced very strong sales in the fourth quarter.
RKM IT is a rapidly growing regional unit of NewMarket Technology located
in northern Latin America. RKM IT provides technology systems intergration
and support services in many countries in Latin America, including Mexico
and Peru, and is a regionally certified partner for Cisco Systems, Novell,
Computer Associates, IBM, Hewlett-Packard, Systimax and Microsoft. Earlier
this year, RKM's Microsoft partner status was upgraded to Large Account
Reseller and Enterprise Software Advisor (LAR/ESA) from Gold Partner.
LAR/ESA Partners significantly expand Microsoft's reach both geographically
and to the rapidly growing category of Mid-Market and corporate customers.
This new partnership allows RKM to significantly extend its existing
Microsoft Gold partnership to offer high volume licensing, specifically
"Enterprise Agreement" (EA) and "Select" for companies with more than 250
PCs and support services to large enterprise and institutional customers.
Prior to their selection to the LAR/ESA Partner program, RKM has been a
Microsoft Gold Partner since 2001, winning the 2003 Microsoft
Infrastructure Solution of the Year award in Venezuela.
Bigott Cigars (www.bigott.com.ve) is a more than 80-year-old, high-quality
tobacco producer headquartered in Venezuela. Bigott controls 87% of the
market share in Venezuela and markets their products to the public under
the brands Belmont, Consul, Lucky Strike, Kent and Viceroy. Additionally,
Bigott is the first private company in Venezuela to contribute to the state
treasury and a member of the British American Tobacco Group. The British
American Tobacco Group, more than 100 years old, has 81 factories in 64
countries and controls 14.6% of the world market.
RKM and NewMarket Latin America, Inc.
Separately, NewMarket Technology is currently working on consolidating RKM
into the company's recently formed regional subsidiary, NewMarket Latin
America, Inc. (PINKSHEETS : NLAI ). NewMarket Latin America focuses on
systems integration and emerging technology in Latin America.
To be added to NewMarket Technology's e-mail database for shareholders and
interested investors, please send an e-mail to ir@newmarkettechnology.com.
About RKM IT Solutions (www.rkmve.com)
RKM, owned by NewMarket Technology, is a sixteen-year-old systems
integration and IT outsourcing services firm recognized in Venezuela and
throughout northern South America as a leading provider of mission critical
voice, data and video network solutions, as well as systems integration and
helpdesk support. Clients include the Top 50 international corporations in
the country, as well as a strong presence in the Oil and Gas, Banking and
Manufacturing industry. RKM is also a regionally certified partner for
Cisco Systems, Novell, Computer Associates, IBM, Hewlett-Packard, Systimax
and Microsoft. RKM was awarded the 2003 Microsoft Infrastructure Solution
of the Year in Venezuela and has been recognized as a Microsoft Gold
Partner and now a Microsoft LAR/ESA partner. The company is expanding its
system integration and IT outsourcing services in the Caribbean, Colombia,
Ecuador, Peru and Mexico.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America is a subsidiary of NewMarket Technology providing
world class systems integration services through relationships with
technology providers such as Hyperion, Oracle, SAP, SSA Global, Microsoft
and many more. NewMarket Latin America has major customers in various
sectors such as Oil and Gas, Consumer Products, Financial Services, and
Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition
to specializing in helping US clients expand their businesses and
operations into one of the fastest growing economic regions in the world.
NewMarket Latin America has offices and operations throughout Latin
America.
NewMarket Latin America also identifies emerging technologies developed
within the region and brings those latest technologies to market worldwide.
These innovations help clients grow their businesses and gain a new
competitive advantage.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified integration and maintenance
services to support the prevailing industry standard solutions such as
Microsoft, 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. In 2006, the company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
"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.