Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
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
| Source: NewMarket Technology, Inc.
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
www.newmarkettechnology.com/investor-relations.htm 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 (http://biz.yahoo.com/iw/080808/0423300.html).
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 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.
"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.