SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

October 13, 2009 13:00 ET

NewMarket Technology, Inc. Announces Final Negotiations for Anticipated New $15 Million Contract to Provide Back Office and Strategic Technology Services

DALLAS, TX--(Marketwire - October 13, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) announced that its subsidiary operation in China met today with a pending new outsourcing client in Dalian, China to discuss terms for an anticipated $15 million contract to provide back office and strategic technology services. NewMarket and its subsidiaries are currently focused on shifting the Company's revenue base from short-term, project-based contracts to long-term managed services contracts. This year, NewMarket has announced over $73 million in new contract sales, the majority of which are long-term contracts, and that it expects record sales in 2009 with the potential for $100 million in total contracts. One contract announced earlier this year worth $30 million was also signed through the Company's Chinese subsidiary and went into service last quarter. The Company's Chinese operation is a systems integrator and is a VAR in the Chinese domestic market. NewMarket has operations in China, Southeast Asia, Latin America and North America and has forecasted $100 million in revenue for 2009.

NewMarket Strategic Update Webcast Available On-line

This morning, NewMarket released a strategic corporate update Webcast on the Company's continued aggressive growth plans. The Webcast also includes notable updates on the Company's transaction last week to reduce the Company's total outstanding debt by approximately $2 million, a current review of the Company's dividend plan and a review of the recent Beacon Equity research report on the Company with a price target of $1.42. The Webcast agenda further includes an overview of the Greenfield program and a review of the Company's recent announcement to improve the Company's listing with an application to the OTCQX, where companies such as Adidas, BASF, Peugeot and Benetton are currently listed.

A link to the Webcast titled 'NewMarket Strategic Corporate Update Webcast' is available on both the corporate website homepage and investor relations page at

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About NewMarket Technology, Inc. (

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.


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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