SOURCE: NewMarket Technology Inc

October 11, 2006 12:42 ET

Wallst.net Interviews NewMarket Technology, Inc. CEO Verges on Announcement of Action Products International, Inc. Letter of Intent

Verges Discusses Potential Acquisition of All NewMarket Outstanding Stock by Action Products International

DALLAS, TX -- (MARKET WIRE) -- October 11, 2006 -- NewMarket Technology, Inc. (OTCBB: NMKT) announces CEO interview by Wallst.net. The interview can be heard at http://www.wallst.net/audio/audio.asp. Philip Verges was interviewed following the Company's announcement yesterday concerning the execution of a non-binding letter of intent (LOI) regarding the possible acquisition of all NewMarket outstanding common stock by Action Products International (NASDAQ: APII) in exchange for APII common stock. The letter of intent includes specific consideration for the respective shareholders of each Company.

As Verges discusses in the interview, NewMarket common stock would be valued in the transaction at not less than $0.50 per share for a total transaction value to NewMarket shareholders of approximately $100 million based on the Company's fully diluted and outstanding shares. The $0.50 per share purchase price is a minimum valuation however, as the actual NewMarket common stock purchase price could be higher.

The shareholders of Action Products common stock will have an option in conjunction with the contemplated transaction to exchange their shares of common stock for shares of Class A Preferred Stock on a one share for one share basis. The Class A Preferred Stock will have a par value of $6 per share and include an annual yield of 5% payable quarterly in cash. Assuming all 5.2 million shares currently issued and outstanding are converted, the 5% annual yield represents approximately $1.5 million in potential cash dividends to Class A Preferred shareholders per year or an estimated $0.30 per share. The current Action Products warrant holders will have the right to exercise their warrants and tender the common stock to receive the new convertible preferred shares, until a date to be set, which would be before the acquisition is completed. If the warrants are not exercised by the conversion date, they will remain in effect under their current terms. The Action Products shareholders may maintain their warrant even if they choose to exchange common stock for the Class A Preferred Stock. The Class A Preferred stock will be callable by the Company after one year at par and will automatically convert to common in the event the market bid price for Action Products common stock remains at or above $6 per share for 10 consecutive days.

The current NewMarket management team would remain as the combined Company management team to continue executing NewMarket's business plan. The transaction would be subject to a shareholder vote of both companies.

To hear the interview in its entirety, visit www.wallst.net, and click on "Interviews." Interviews require free registration, and can be accessed either by locating the respective company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the respective company's ticker symbol in the Search Archive window.

To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com

About WallSt.net (www.wallst.net)

www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

NewMarket Technology, Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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 to include Microsoft, Cisco Systems and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.

About Action Products International, Inc.

Action Products International, Inc. (APII), based in Orlando, Florida, is a toy manufacturer, emphasizing educational and positive play brands, including JAY JAY THE JET PLANE Wooden Adventure System, the I DIG® series, Space Voyagers®, "The most authentic Space Toys on the Earth," ToddWorld™ soft play toys, Climb@Tron™ window-climbing robots, Curiosity Kits® and IMADETHAT™. Its products are marketed and sold to toy stores, specialty retailers, Internet retailers, museums, zoos, theme parks, attractions, catalog companies and education markets in the United States and worldwide.

Visit the Company's web sites at www.apii.com and www.curiositykits.com

"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.

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