Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket (NWMT) to Review Analyst 'Buy' Confirmation With Substantial Target PPS and Preview Worldwide (WWSG) National Exchange Listing Next Step
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - March 15, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
recently announced the release of an update to a February independent
analyst report confirming the previous 'buy' recommendation and $1.47
target price per share (PPS).
To review a copy of the initial report or the update, please visit the
NewMarket corporate website
at http://www.newmarkettechnology.com/nwmtreport_20100222.htm or the Prime
Equity Research website at www.primeequityresearch.com
NewMarket's plan with Worldwide Strategies, Inc. (OTCBB : WWSG ) to achieve a
national exchange listing is featured in the analyst report. A Webcast
scheduled tomorrow to review the recent analyst report update is expected
to include the latest on the strategy with Worldwide and a preview of
pending next steps. A link to the Webcast will be published to the
Investor Relations section of the NewMarket corporate website upon release
tomorrow.
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About NewMarket Technology, Inc. (http://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.