SOURCE: NewMarket Technology, Inc.

September 09, 2008 09:46 ET

NewMarket Technology, Inc. Announces CEO Update Webcast With Company on Track to Meet $120 Million Profitable Revenue Forecast and Previously Announced M&A Projects

CEO Webcast to Include Update Regarding August 28, 2008 SEC Form 8-K

DALLAS, TX--(Marketwire - September 9, 2008) - NewMarket Technology, Inc. (OTCBB: NMKTE) CEO Philip M. Verges will conduct a Webcast at 12:30 pm EDT on Friday, September 12, 2008. During the Webcast, Mr. Verges will discuss the Company's year-to-date progress towards achieving its $120 million revenue goal, current M&A projects, including a binding agreement to acquire a 75% interest in Everex, as well as the Company's recent 8-K filed on August 28, 2008.

Prior to the Webcast a link will be available on the Company's corporate Website Investor Relations page at under "Current Events and Communications."

$25 Million in New Contracts to Augment Existing $93 Million Customer Base

The Company reported $43.7 million in revenue for the first six months of 2008 with a net income of $2 million. In 2007, the Company reported $93.1 million in revenue with $7.3 million in net income. Separately, the Company recently announced record year-to-date sales contracts with new clients expected to contribute an additional $25 million in revenue in the second half of 2008 (

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 or call 214-722-3065.

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 integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, 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. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.


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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