SOURCE: NewMarket Technology, Inc.

November 24, 2008 09:20 ET

NewMarket Technology, Inc. Third Quarter Webcast Highlights SEC Small Business Forum, FINRA Limit Order Rule and $76 Million in YTD Revenue and 36% Net Income Increase

Micros Report Rates NewMarket Speculative Buy With Target Price of $0.24

DALLAS, TX--(Marketwire - November 24, 2008) - NewMarket Technology, Inc. (PINKSHEETS: NMKT) CEO Philip M. Verges conducted the Company's Third Quarter 2008 Earnings Webcast on Friday, November 21, 2008. During the Webcast, Mr. Verges discussed the Company's year-to-date progress towards achieving its $120 million revenue goal, a business and overall industry update as well as an outlook for the remainder of 2008.

Additional Webcast Highlights:

--  $76 million in revenue YTD
--  $32.4 million in revenue reported for Q3 2008
--  $3.7 million in net income YTD
--  Potential management buyback
--  Q4 2008 sales update
--  Update on the current state and changing face of the PIPE Industry
--  FINRA limit order protection rule
--  SEC Forum on Small Business Capital Formation held November 20, 2008
    

A link to the Webcast archive is available on the Company's corporate Website Investor Relations page at www.newmarkettechnology.com/investor-relations.htm titled "NewMarket Technology 3rd Quarter 2008 Financial Review" under "Current Events and Communications."

Micros Report Research Update with Target Price of $0.24

NewMarket has been rated a Speculative Buy with a price target of $0.24 by Micros Report in an updated research note. Michael Willingham, Micros Report Director of Research, initiated research coverage on the company a year ago, publishing his first report on NewMarket in November 2007. In September, Micros Report issued an updated report and Friday has issued an updated research note in conjunction with NewMarket's filing of its third quarter SEC Form 10-Q.

In the updated research note, Willingham stated, "Our most recent research report in September assigned a fair market value of $0.78 per share for NewMarket Technology, however the share price has fallen significantly since the publishing of that report. During this same period, prices of other equity securities worldwide have fallen by notable margins as well. The company has reiterated the quality of its business through its 3rd quarter financial results featuring a total of $76 million in sales for the first nine months of 2008 and profit of $3.7 million over the same period. Those are increases of 20% and 36% respectively year over year. Notwithstanding these record results, a reduction in our price target is warranted, not due to a deterioration of company fundamentals but instead due to the collapse of applicable industry market multiples. Upon a renewed analysis of market comparables, we have found a more appropriate target price to be $0.24 per share. However, we expect to update this price in the future as the company continues to successfully operate its business and at such time market fundamentals experience a reversion to the mean."

In the report, NewMarket is compared against other companies in the technology sector to include: Affiliated Computer Services, Inc., Edgewater Technology, Inc., TechTeam Global, Inc., Nci, Inc., Acxiom, iGATE Corp, Computer Sciences Corp, Rightnow Technologies, Inc. and Perot Systems Corp.

Interested parties may contact ir@newmarkettechnology.com to receive a copy of the report.

Corporate E-mail Updates

To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.

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 systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, 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.

The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.

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