SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

August 25, 2009 17:50 ET

NewMarket Technology, Inc. Announces $33 Million Outsourcing Agreement in South America

DALLAS, TX--(Marketwire - August 25, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) and NewMarket Colombia, SAS, a wholly-owned foreign subsidiary headquartered in Bogota, Colombia, today announced a three-year, $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia, under which WBA will outsource substantially all of its current operations to NewMarket Colombia. This is NewMarket's second major outsourcing agreement signed this year. NewMarket previously announced a similar agreement in Shanghai, China earlier this year. Approximately $25 million of NewMarket's $95 million in annual revenue reported in 2008 came from Latin America through the Company's operations in Brazil, Chile and Venezuela.

"We are excited to enter the Colombian market with WBA and expand our reach in Latin America," stated President of Managed Services, Bruce Noller. "We believe NewMarket's financial and operational resources combined with WBA's existing Information Technology and Telecommunications expertise can lead WBA to winning larger contracts with private and public clients."

Francisco Teran, President of WBA, stated, "We believe that because of NewMarket's track record of experience and presence in Latin America we will be able to offer an even greater array of services in Colombia and throughout the region."

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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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