SOURCE: NewMarket Technology, Inc.

May 02, 2008 10:44 ET

NewMarket Technology, Inc. to Update Mobility Computing Strategy to Build $20 Million in New Sales and Acquire 51% Interest in Worldwide Strategies, Inc. During May 8 Webcast

After Achieving $100 Million Annualized Revenue, NewMarket Schedules Webcast to Present Updated Strategic Plan and Increased Revenue Forecast

DALLAS, TX--(Marketwire - May 2, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) will include an update on the Company's progress to acquire a fifty-one percent (51%) majority interest in Worldwide Strategies, Inc. (OTCBB: WWSG) during NewMarket's upcoming Webcast scheduled for May 8, 2008 at 4:30 pm EDT. NewMarket and Worldwide have previously announced a binding letter of intent (LOI).

Mobile Computing Business to be Consolidated into Worldwide Strategies

The majority interest acquisition of Worldwide is part of NewMarket's overall plan to build a Mobile Computing Solution, to include mobile software, mobile security and mobile access. NewMarket launched efforts to build a Mobile Computing Solution offering in the third quarter of 2007. The Company plans to consolidate its Mobile Computing business into Worldwide Strategies and anticipates $20 million in sales in 2008 resulting from the new Mobile Computing Solution offering. The anticipated sales from the Mobile Computing Solution offering are not currently included as part of NewMarket's 2008 forecast.

Strategic Plan Update Webcast at 4:30 pm EDT May 8, 2008

NewMarket has previously announced a scheduled Webcast at 4:30 pm EDT on May 8, 2008 to present a strategic plan update, in which the Company intends to announce an increase to the Company's 2008 forecast. Management has previously provided guidance of an anticipated 20% increase in 2008 revenue over 2007. The Mobility Computing Strategy update and Worldwide Strategies Acquisition progress will be included in the Webcast.

A link to the Webcast will be available at the Company's corporate Website Investor Relations page at under "Current Events and Communications" or by going to

2007 Financial Review Webcast Now Available

CFO Philip J. Rauch recently held a Webcast to discuss the Company's 2007 financial results and recent shareholder questions. NewMarket reported $93.1 million in revenue for 2007, a 20% increase in revenue from organic operational growth over 2006, and $7.3 million in net income, a 25% increase in net income over 2006 before adjustments for foreign currency exchange. Revenue in the fourth quarter of 2007 exceeded $29 million, pushing the Company's annualized revenue over $100 million. An archive of the call can be accessed under "Current Events and Communications" on the NewMarket Investor Relations webpage at

Updated Corporate Overview

An updated corporate overview including NewMarket's 2007 financial results and an overview of the Company's systems integration and emerging technology business and operations in North America, Asia and Latin America is now available on the Company's Investor Relations webpage at under "Corporate Fact Sheets."

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 or call 214-722-3065.

About NewMarket Technology, Inc. (

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.

About Worldwide Strategies, Inc. (

Worldwide Strategies is a development stage business that has built a proprietary affinity marketing process and system to provide clients with call center software platforms or outsourced client services to include multi-lingual capabilities. The Company's development to date has resulted in less than $1 million in liabilities. The affinity market business has signed several substantial contracts, but has not yet established substantial revenue. The Company has approximately 20 million shares outstanding on a fully diluted basis. The NewMarket transaction is intended to support a strategic business relationship and has been designed to have added no additional common stock to the issued and outstanding. The acquisition will be transacted with preferred stock including majority voting rights.


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.

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