Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates Continued Revenue Growth to as Much as Double Current Annual Revenue in 2010
Recent Contracts Worth up to $66 Million Drive Current Growth
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 1, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced the Company anticipates continued revenue growth through
the balance of 2009 and 2010 based on recently signed long-term contracts
adding up to approximately $66 million in new sales. Last year, NewMarket
reported $95 million in revenue. The recent long-term contract sales have
resulted in part from the Company's business strategy to convert customers
and business from one-time, short-term contracts to longer-term, renewable
contracts.
NewMarket Technology Strategic Update Webcast Released Today
Today, NewMarket released an exclusive Webcast hosted by Board Member Major
General Hugh G. Robinson. The corporate strategic update includes
discussions on the Company's growth over the past few years to $95 million
in 2008 and the Company's plans for continued profitable growth in 2009.
The Webcast also includes a review of recent long-term Microsoft contracts
and $63 million in multi-year service contracts.
A link to the Webcast titled 'NewMarket Strategic Update Webcast (September
1, 2009)' is available on the Home page and the Investor Relations page of
the NewMarket website www.newmarkettechnology.com. 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 email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
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 50 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. The Company has been named a finalist again this year and
results will be posted in the fall.
"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.