SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

October 21, 2009 14:33 ET

NewMarket Technology, Inc. Announces Increased North American Sales With New $2.5 Million Telecommunications Contract With All Revenue Expected in 4th Qtr

DALLAS, TX--(Marketwire - October 21, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced a new contract to provide telecommunications hardware, software and services. The total contract value is approximately $2.5 million, with all revenue anticipated to be recognized within the 4th quarter of 2009. This contract increases the percentage of overall revenue contribution from North American operations to NewMarket's global annual revenue. In 2008, the majority of NewMarket's $95 million in revenue came from its operations outside of the United States. NewMarket is a global systems integrator with operations in China, Southeast Asia, Latin America, as well as North America. In the different regions of the globe it operates, NewMarket sells, installs and supports technologies from leading technology providers such as Microsoft, Oracle, and HP as well as some lesser known, but leading edge emerging technology. NewMarket is a reporting company with audited financial reports filed with the SEC.

"NewMarket expects revenue and income from operations to increase in 2009 compared to 2008," said Philip Verges, CEO of NewMarket Technology, Inc. "However, we did experience a drop of in sales from our North America operations in conjunction with the global economic crisis. In the second half of 2009, we have enjoyed an increase in sales from our North American operations and the contract announced today, with all revenue expected to be realized before the end of the year, will make a substantial contribution to an overall increase in the percentage of revenue coming from North America."

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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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