Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Announces Increased North American Sales With New $2.5 Million Telecommunications Contract With All Revenue Expected in 4th Qtr
| Source: NewMarket Technology, Inc.
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. (www.newmarkettechnology.com)
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.
"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.