DALLAS, TX--(Marketwire - March 11, 2010) - NewMarket Technology, Inc. (
Today, the analyst issued an update to its initial analyst report highlighting recent NewMarket developments to include its $160 million original design manufacturing (ODM) project opportunity through its China subsidiary operation and its expansion plans into India and further into Southeast Asia. NewMarket already has operations based in Singapore. NewMarket provides systems integration services, to include technology reseller, customization, integration, outsourcing and support services, in Southeast Asia, Latin America and North America, as well as China, and is also actively expanding its business services into the growing markets of East Africa.
To review a copy of the initial report or the update issued today, please visit the NewMarket corporate website investor relations section at http://www.newmarkettechnology.com/investor-relations.htm or the Prime Equity Research website at www.primeequityresearch.com.
NewMarket Webcast Presentation on Expansion Plans into India and Southeast Asia
Earlier this week, NewMarket released an on-demand Webcast from CEO Bruce Noller discussing expansion plans into India and further into Southeast Asia and the potential of those plans to increase the Company's forecasted revenue and net income. Both regional expansions are part of a NewMarket strategic update to the Company's current plans to achieve $150 million in profitable revenue in 2010.
A link to the Webcast titled 'NewMarket India and Southeast Asia Expansion Strategic Update Webcast' is available here http://www.newmarkettechnology.com/wcsubn_20100310.htm. A link to the Webcast is also available on the homepage and Investor Relations page of the NewMarket website at www.newmarkettechnology.com.
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About NewMarket Technology, Inc. (http://www.newmarkettechnology.com/)
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.
"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
214-722-3065
ir@newmarkettechnology.com