Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Announces Strategic Update on Recent Milestones in China
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 14, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
scheduled to review its Chinese subsidiary's recent milestone acquisition
of a China Radio Technology subsidiary in a Webcast tomorrow, December 15,
2009. The acquisition is anticipated to contribute $20 million in annual
revenue to NewMarket's Chinese subsidiary. The potential $20 million in
revenue that the acquisition could produce in 2010 could provide a
significant boost to NewMarket's Chinese subsidiary's annual revenue, and
subsequently could boost NewMarket's annual revenue in 2010. Additionally,
the Webcast is slated to review a pending service contract worth
approximately $36 million over three years, with the potential for as much
as $10 million in revenue to be recognized by the Chinese subsidiary in
2010.
In 2008, NewMarket reported $95 million in global revenue and has
forecasted profitable revenue growth in 2009. For the first three quarters
of 2009 ending September 30, NewMarket reported $76 million in revenue with
$2.2 million in net income.
NewMarket's subsidiary operation in China is a systems integration service
provider that markets technology outsourcing services that include the sale
and service of brand name technologies such as Microsoft, Oracle, Cisco,
IBM, HP and Dell. The operation in China reported over $40 million in
annual revenue in both 2007 and 2008, and recently reported $30 million in
revenue through the first nine months of the year ending September 30,
2009, with record net income of $1.8 million.
The Webcast is also scheduled to present how the recent acquisition
potentially complements both the Company's short-term and long-term return
on investment strategy. A link to the Webcast will be posted on the
corporate website www.newmarkettechnology.com upon release
$1 Billion Emerging Markets Systems Integrator Strategic Plan
NewMarket recently announced a unique plan to gain a competitive edge in
the rapidly changing technology sector as recently demonstrated by the
flurry of acquisitions of major systems integration outfits by hardware
manufacturers. HP has recently acquired EDS, Dell has recently acquired
Perot Systems and Xerox has recently acquired ACS. The plan focuses on
expanding a current niche systems integration operation into a market
recognized $1 billion in annual revenue company concentrated on servicing
customers in high-growth emerging markets around the globe.
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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.