SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

April 05, 2012 00:31 ET

NewMarket Technology, Inc. Announces Chairman Resignation

DALLAS, TX--(Marketwire - Apr 5, 2012) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) announced today that Philip Verges resigned on Friday, March 30th as Chairman of the Board. The resignation was executed in conjunction with a strategic business plan update previously announced on October 20th 2011.

NewMarket Technology, Inc. Explores Updated Business Strategy Options, New Strategic Investment Relationships (http://finance.yahoo.com/news/-NWMT-NewMarket-Technology-iw-612080207.html?x=0)

Mr. Verges plans to expand his current role with the United Nations and dedicate more time to personal projects already underway, both focused on improving the capital markets for small and medium businesses worldwide with a special concentration on emerging markets.

Forward-Looking Statements
This communication contains statements regarding the Company's expectations, plans, goals, objectives, assumptions or information about future events that constitute forward-looking statements or information under applicable securities legislation, including the Private Securities Litigation Reform Act of 1995. Undue reliance should not be placed on forward-looking statements because they are subject to numerous risks and uncertainties relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements are generally identifiable by the terminology used such as "may," "will," "could," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or other similar expressions. These statements are based on assumptions that the Company has made in light of its experience, as well as perceptions of historical trends, current conditions, expected future developments, and other factors the Company believes are appropriate under the circumstances. Although the Company believes that these forward-looking statements are based on reasonable assumptions, many risks and uncertainties could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors, failure to maintain and develop business, failure to increase or maintain the number of customers, downturns in the economies and/or industries in which the Company operates, and the failure to attract or maintain qualified professionals. These and other risks are discussed in detail in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2010. If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. The forward-looking statements or information contained in this report are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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