SOURCE: NewMarket Technology, Inc.

May 06, 2008 12:37 ET

NewMarket Technology, Inc. Announces $1.2 Million Anticipated Boost to Bottom Line From Updated Strategy in Ongoing Development of Innovative Communication Technologies

Company Reported 2007 20% Revenue Increase to $93.1 Million From Organic Sales Growth With a 25% Net Income Increase to $7.3 Million

DALLAS, TX--(Marketwire - May 6, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) today announced an updated strategy in the Company's ongoing development of innovative communication technology strategies that should immediately begin to result in an anticipated annualized boost of $1.2 million to the bottom line.

NewMarket currently markets Voice over Internet Protocol (VoIP) services and Broadband Wireless services in addition to a number of ancillary applications to support primary innovative communication service offerings. NewMarket has a portfolio of innovative communication operations initiated at various times over the past five years that concentrate on different geographic regions, or otherwise different segments of the overall communications marketplace. The Company is currently realigning its various communication holdings to improve marketing opportunities and create operational efficiencies. The realignment will reduce expenses and add new income, resulting in an anticipated annualized net income improvement of $1.2 million. The realignment is also anticipated to broaden the marketing of NewMarket's innovative communication technologies into an increased number of geographic regions around the world. Accordingly, the Company anticipates a revenue benefit from the updated strategy in the development of innovative communication technologies.

NewMarket's updated strategy includes a combined initiative with Alternet Systems, Inc. (OTCBB: ALYI). NewMarket is currently a shareholder in Alternet and has an existing operating agreement with Alternet. NewMarket and Alternet intend to continue the current operating agreement and augment that agreement with a new initiative expected to improve the operating efficiency of both companies, in addition to improving their respective revenue potential. NewMarket and Alternet expect to announce details of the augmented agreement at a future date.

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.


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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