NewMarket Technology, Inc. Announces $4 Million Contract With Movistar, a Division of Telefonica

DALLAS, TX--(Marketwire - June 16, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) today announced a $4 million contract with Movistar (http://www.movistar.com.ve/). Movistar, a division of Telefonica (http://www.ve.telefonica.com/), is a major mobile phone operator in Latin America and Spain.

The contract was signed with Movistar by NewMarket's subsidiary operation in Venezuela, RKM IT Solutions. Over the next three years, RKM will provide Microsoft Licensing and managed services to Movistar.

Movistar began operations in Latin America in the 1990's and now services more than 126 million customers and is the leading provider of mobile phone services in Venezuela, Brazil, Chile, Peru and Argentina.

Earlier this year, NewMarket also announced the completion of an Oracle Hyperion Business Intelligence implementation for Movistar (http://www.newmarkettechnology.com/newsreleases/news-20080408_1.htm).

NewMarket Managed Services

NewMarket recently announced a consolidation of the Company's global technology service operations to support the growth of the Company's recurring revenue business. Bruce Noller was named to lead the consolidated operations as the President of NewMarket Managed Services. The operations consolidated under NewMarket Managed Services account for approximately $70 million in annual revenue. NewMarket reported $93.1 million in overall revenue in 2007 with $7.3 million in net income. The additional, approximately $23 million in revenue was derived through the Company's ongoing development of new technologies.

For more information on the Company's realignment, go to http://biz.yahoo.com/cc/4/93884.html to view Management's recent Webcast in its entirety.

Plans for $100 Million in Recurring Revenue Contracts

NewMarket's Bruce Noller was recently interviewed by Wall Street Reporter. In the interview, Mr. Noller discusses the plan to convert at least half of the Company's approximate $70 million in annual technical services revenue from project sales contracts into three-year contracts.

"The Company has a good reputation with customers and the repeat business to prove it," explains Mr. Noller. "Now we are going to turn those repeat customers into long-term customers. We started our campaign last year to turn recurring customers into recurring revenue. Our plan for 2008 is to convert half our tech services revenue into three-year contracts. Converting half of NewMarket's approximately $70 million in tech services revenue would result in $100 million in recurring revenue contracts."

To listen to the interview in its entirety, go to http://wallstreetreporter.com/page.php?page=featured&tab=2&id=27794.

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 ir@newmarkettechnology.com or call 214-722-3065.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

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.

"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.

Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com