Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Announce Key Senior Management Change and Review $1 Billion Revenue Goal in Virtual Town Hall Tomorrow
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 21, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
plans to announce a key senior management change tomorrow in the previously
scheduled Virtual Town Hall. Earlier this month, the Company announced
plans for a management restructuring and reconstitution of the board of
directors. The management and director changes are expected to take place
in phases, beginning February 1, 2010 and continuing through April 1, 2010.
In the Virtual Town Hall, the Company is expected to also review plans to
achieve record growth in 2010 and further discuss its $1 billion, 5-year
revenue goal. The Virtual Town Hall is scheduled to be made available
online and on-demand on January 22, 2010 to interested viewers to review on
their own schedule and from their own location.
NewMarket currently has approximately $100 million in annual revenue coming
primarily from its operations in emerging markets around the world.
NewMarket provides systems integration services, to include technology
reseller, customization, integration, and support services, in China,
Southeast Asia, South America and North America and is actively expanding
its business services into the growing markets of East Africa. NewMarket
focuses on the rapid growth industries in emerging markets that require
technology products and services to support their growth.
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About NewMarket Technology, Inc. (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.