Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Targets $150 Million in Profitable Revenue for 2010
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 26, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced a $150 million profitable revenue objective for 2010.
"The Company has hovered around $100 million in revenue for the past three
years," said Bruce Noller, the newly appointed CEO of NewMarket
Technology, Inc. effective February 1, 2010. "Last year we launched our
Outsourcing and Managed Services line of businesses which we expect to
substantially contribute to our revenue growth beginning in 2010. We have
announced approximately $100 million in new Outsourcing and Managed
Services contracts over the past twelve months. Based on our existing
contracts, the new Outsourcing and Managed Services contracts and our
current pipeline, $150 million in profitable annual revenue for 2010 is a
viable objective."
Mr. Noller is scheduled to conduct a Webcast presentation next Tuesday,
February 2, 2010, to review the $150 million profitable revenue target in
more detail.
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.