SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

August 07, 2009 09:00 ET

NewMarket Technology, Inc. Announces Launch of $30 Million Service Contract in China

Strong Offshore Sales to Lead Revenue Growth in Second Half of 2009

DALLAS, TX--(Marketwire - August 7, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced the launch of a $30 million service contract in China and expected revenue growth in the second half of 2009 resulting from strong offshore sales.

China Sales

In 2008, NewMarket reported over $40 million in profitable revenue from its operations in China. The Company's operation in China recently signed a $2 million contract with a Hong Kong-based software company and a $30 million outsourcing services contract. Philip Verges, the CEO and Chairman of NewMarket Technology, Inc. is currently in Shanghai for the launch of the $30 million contract.

Emerging Market Focus

NewMarket is a technology service provider that sells, installs, customizes and maintains brand name technologies from Microsoft, Oracle, Cisco, Hewlett-Packard and other recognized technology corporations. NewMarket is similar to EDS, Perot Systems and Affiliated Computer Systems, though today smaller. NewMarket differs from the more recognized technology service provider companies by focusing business development in emerging economies. NewMarket's emerging economy focus has helped the Company maintain strong sales during the global economic downturn.

South American Sales

In addition to the Company's sales success in China, the Company also recently announced a $1.2 million Microsoft corporate license agreement with Banco Federal (www.bancofederal.com).

$1.00 - $2.50 Share Price Potential

NewMarket recently announced a ticker symbol change from NMKT to OTC: NWMT. The change reflects a substantial step forward in the Company's overall plan to align what management believes is an undervalued price per share with the Company's otherwise strong fundamental financial performance.

NewMarket recently released an exclusive on-demand Webcast to review the Company's positive operating income for the previous three years and revenue growth from approximately $78 million in 2006 to $95 million in 2008. The focus of the Webcast is to present the potential for the share price to increase from the recent recapitalized price per share of $0.45 to $1.00 and as high as $2.50. The price per share potential is suggested in conjunction with the presentation of the market capitalization values of comparative public companies. The presentation includes an outlook on the anticipated profitable revenue increase in 2009.

The Webcast is now available for review on the Company's corporate website. A link to the Webcast titled 'NewMarket Corporate Update (August 4, 2009)' is available on the Investor Relations page of the NewMarket website under Current Events and Communications at: http://www.newmarkettechnology.com/investor-relations.htm. For assistance accessing or listening to the Webcast, please email ir@newmarkettechnology.com or call 214-722-3065.

Corporate Information and E-mail Updates

To sign up to receive company updates or to obtain more information on the Company, please visit www.newmarkettechnology.com.

About NewMarket Technology, Inc. (http://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 systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, 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.

The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.

"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.

Contact Information