Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates 4th Quarter Sales Boost From Chinese Subsidiary's New Business Lines
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 17, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced that the Company anticipates a fourth quarter sales boost
from its Chinese subsidiary's new lines of business. Last week, NewMarket's
Chinese subsidiary announced the acquisition of a subsidiary of China Radio
Technology Ltd. The transaction is designed to enable the Company's Chinese
subsidiary to introduce a new mobile communication hardware and software
line of business. Earlier this year, NewMarket's Chinese subsidiary also
introduced a new outsourcing services line of business. Both new business
lines are anticipated to contribute to fourth quarter sales in 2009.
Earlier this week, NewMarket released an on-demand Webcast to review recent
milestone progress in China and a link to the Webcast, titled 'NewMarket -
Chinese Subsidiary Milestone Update Webcast,' is available on the corporate
website homepage and Investor Relations page at
www.newmarkettechnology.com.
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 $30 million in revenue through the
first nine months of the year ending September 2009, with record net income
of $1.8 million.
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. In addition to the contributions anticipated
from the new lines of revenue, both NewMarket and its subsidiary's sales
are historically seasonal with the largest sales and profits usually
occurring in the 4th quarter.
NewMarket Technology Virtual Town Hall January 22, 2010
NewMarket plans to release a 2009 Virtual Town Hall January 22, 2010. The
Virtual Town Hall is scheduled to be made available online to interested
viewers on their own schedule and from their own location. Each year,
NewMarket hosts a Town Hall meeting to review the previous year's results,
to preview the Company's plans for the year ahead and outline plans to
evolve the Company's growth strategy while adopting lessons learned.
Shareholders and interested investors are asked to submit suggested topics
for discussion and questions by 5 pm CST December 28, 2009 to
townhall@newmarkettechnology.com.
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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.