-- $25 million in new sales contracts YTD, revenue expected to be
recognized in Q3 and Q4
-- $43 million revenue and $2 million net income through Q2
-- $120 million profitable revenue for FY '08
-- Increased revenue from North America, to balance sales in China, SE
Asia and Latin America
-- Managed Services Business rollout
-- $100 Million M&A Pipeline
-- $60 Million under Letter of Intent
Micros Report Update Highlights Price to Book Ratio of only $0.29
Underscoring the Company's Undervalued Nature and Sets Fair Value Target
Price of $0.78.
Michael Willingham, Micros Report Director of Research, recently issued an
update to his November 2007 research coverage on NewMarket.
Mr. Willingham stated in his recent update, "If the market wakes up to the
true value being built in this Company, there will be a significant
reversal of fortunes in the share price."
The update emphasizes the Company's book value of $62 million compared to
its current market capitalization of only $18 million. NewMarket's fully
diluted book value is $0.25 per share and its undiluted book value per
share is $0.30, compared to a recent close of merely $0.085 per share. "The
Company's Price-to-Book ratio has become so low, that the discount in the
Company's share price seems glaring... It is important to point out that
NMKTE currently trades well below its book value. Established firms
practically never trade below their intrinsic value. This fact alone should
see NMKTE above $0.295 a share which would be exactly 1x book value," Mr.
Willingham stated in his update.
The report goes on to assign a Fair Value Target price for NewMarket stock
of $0.78 per share: "This $0.78 fair value estimate is assigned based upon
what NMKTE has already achieved as a company in regards to their historical
profitability, historical revenue, and future projections. Based upon the
past five years' results, the future growth of the company has a high
probability of continuing. If the company can continue to grow revenue and
profits both organically and through acquisitions while keeping the
outstanding shares in check, even higher stock prices should be expected in
the future."
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.
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About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket (Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com