SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

September 23, 2009 14:59 ET

NewMarket Technology, Inc. Announces $15 Million Outsourcing Agreement

DALLAS, TX--(Marketwire - September 23, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) has announced a letter of intent (LOI) agreement for an anticipated $15 million outsourcing contract. The contract has been executed through the Company's operation in China and is scheduled to be finalized within the 4th quarter of 2009. This would be the Company's third large outsourcing contract this year. NewMarket has already announced approximately $65 million in new sales contracts earlier this year. The Company has been marketing a new outsourcing service since the beginning of this year to increase the Company's percentage of sales from recurring revenue and improve the gross margins.

Sales Pipeline Webcast Review This Friday, September 25th

NewMarket is scheduled to review year-to-date sales and provide a preview of anticipated sales through the rest of 2009 this Friday, September 25th. The Company has reported over $43 million in profitable revenue for the first six months of 2009. Historically reporting increased revenues in the second half of the year, the Company has set a $100 million profitable revenue forecast for 2009. The existing sales pipeline could result in over $100 million in total contracts by year-end. The Friday presentation will include a discussion of a potential increase to NewMarket's 2009 revenue forecast. A link to the Webcast will be available on the Company's website upon release.

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About NewMarket Technology, Inc. (

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.


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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