SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

October 20, 2009 09:00 ET

NewMarket Technology, Inc. Announces 200% Increase in 10 Day Average Daily Trading Volume, Building Momentum for Potential PPS Increase to $1.42 Target

CEO Comments on Importance of Trading Volume in Realizing Potential PPS Increase

DALLAS, TX--(Marketwire - October 20, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced that the Company's 10 day average daily trading volume has increased over 200% to more than 300,000 shares per day with an approximate average $0.37 price per share. The average volume and price per share was calculated based on the 10 trading days ending yesterday, Monday, October 19, 2009. The 200% increase was calculated based on a comparison to the previous 10 trading days. The average daily trading volume for the previous 10 days was approximately 100,000 shares per day with an average share price of $0.40.

"The increased trading volume is a substantial milestone in NewMarket's overall strategy to align share price and fundamental financial performance," said Philip Verges, CEO and founder of NewMarket Technology, Inc. "Beacon Equity Research recently rated NewMarket as a speculative buy with a $1.42 target price per share. I am confident that the NewMarket share price can realize some dramatic increases. However, I believe those potential increases will be predicated on increased trading volume. I do not believe it is unusual to see an initial decrease in share price as trading volume increases. NewMarket has experienced only about an 8% decrease in the approximate weighted average share price over the last ten days while the trading volume has increased over 200%. I anticipate the recent increased volume will contribute to further increases in trading volume. Once an increased trading volume has demonstrated sustainability, I believe at that time the NewMarket share price will have the potential to demonstrate dramatic increases."

Yesterday, NewMarket released an on-demand Webcast to present the price per share potential impact following a $100 million milestone achievement announced last week. The Webcast provides further discussion on the relationship between trading volume and potential share price increases. The Webcast includes an overview of the recent Beacon Equity Research report with the speculative buy recommendation with a price target of $1.42. The Webcast features an overview of the Company's current fully reporting compliance with OTCBB standards and the Company's intent to list on the OTCBB and OTCQX quotation systems.

Last week, the Company announced a letter of intent to provide $36 million in outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China over three years. The letter of intent agreement was executed by NewMarket's operating subsidiary in China. The finalization of the $36 million contract would increase the total revenue value of NewMarket's 2009 sales contracts to over $100 million.

A link to the Webcast is available on both the corporate website homepage and investor relations page at titled 'NewMarket Milestone Webcast.'

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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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