SOURCE: NewMarket Technology, Inc.

December 12, 2008 09:15 ET

NewMarket Technology, Inc. Announces Plans to Increase Profitability From Systems Integration Operations in China

DALLAS, TX--(Marketwire - December 12, 2008) - NewMarket Technology, Inc. (PINKSHEETS: NMKT) today announced plans for the Company's technology systems integration subsidiary in China to increase its stake and profitability in the Chinese market. Based on recent forecasts, China's 2009 GDP is projected to be 8.8%, compared to the United States' 0.8%. NewMarket Technology provides technology products and services in emerging markets globally and currently has operations in China, Singapore, and Latin America, reporting $76 million in revenue through the first nine months of this year from all operations combined. The Chinese subsidiary is a U.S. company with its primary office in Shanghai, reporting $30.3 million in revenue for the first nine months of this year.

As part of the plan to increase its presence and profitability in China, NewMarket Technology's subsidiary in China, China Crescent Enterprises, Inc., plans to increase its ownership in one of its Chinese operating subsidiaries by 25%. China Crescent currently has a 51% ownership in the Chinese subsidiary and plans to acquire the increased position from the Chinese operating subsidiary's minority shareholder. That subsidiary currently focuses on hardware and software systems integration. Through the Company's increased ownership in the Chinese operating subsidiary, net income would correspondingly increase as the Company continues to mature. China Crescent has focused on the growing need in China for computer hardware and software since its inception in 2005. China, as with other emerging markets, has a ravenous appetite for hardware and support services to build out its nationwide computer infrastructure.

Forbes Says Look East for Growth

Forbes recently published an article addressing the need for U.S.-based companies to look East, specifically to China and India for continued growth. China's 2009 GDP is projected to be 8.8%, compared to the United States' 0.8%. During past financial crises, China and India have not had strong enough purchasing power to absorb the financial stress of other international markets. But with a rapidly increasing middle class in those countries, expected to reach 290 million in China by 2011, that is changing.

To read the article in its entirety, go to: http://www.forbes.com/2008/10/28/china-india-growth-oped-cx_rm_1029meredith.html.

Year-to-Date Financial Performance

NewMarket Technology has reported $76 million in revenue and $3.7 million in the first nine months of 2008, a 20% revenue increase and 36% net income increase over the same period last year. $30.3 million in revenue has come from the Company's Chinese operations in the first nine months of 2008. The Company's 2008 revenue objective is $120 million.

A more detailed overview of the Company's year-to-date performance is available through the Company's third quarter Webcast. A link to the Webcast archive is available on the Company's corporate Website Investor Relations page at www.newmarkettechnology.com/investor-relations.htm titled "NewMarket Technology 3rd Quarter 2008 Financial Review" under "Current Events and Communications."

Corporate E-mail Updates

To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.

About NewMarket Technology, Inc. (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.

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