Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates Dividend and Upgraded Listing to Help Increase PPS to $1.00 Suggested Fair Value Target in Alignment With $100 Million Revenue
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 14, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
scheduled to present a corporate update on Thursday, September 17, 2009.
The presentation's agenda includes a discussion of the Company's plan to
align share price and fundamental financial performance, an update on the
previously announced dividend plan and more information on the Company's
plan to upgrade its public listing to the OTCQX. Among other benefits, the
OTCQX (www.otcqx.com) is considered a first step toward a NASDAQ or NYSE
listing. NewMarket is currently a fully-reporting public company with
audited financial reports filed with the SEC and available for public
review.
Management believes the Company is currently undervalued and has previously
announced a near-term goal to realize a suggested fair value target price
per share of $1.00 and as high as $2.50. Since 2002, when the Company
listed publicly through a reverse merger, NewMarket operations have
expanded from reporting approximately $1 million in annual revenue to over
$95 million in revenue in 2008. The Company has reported over $43 million
in profitable revenue for the first six months of 2009. Historically
reporting increased revenues in the second half of the year, the Company
has set a $100 million profitable revenue forecast for 2009. While listed
on the OTC Pinksheets, the Company does file audited financial reports and
other informational filings with the SEC. NewMarket has recently
recapitalized in conjunction with a plan to align share price and
fundamental financial performance. In the Webcast next Thursday, the
Company plans to present an overview of the comprehensive plan to
facilitate a potential share price increase. The plan includes an upgraded
listing and a potential dividend intended to provide shareholders with a
return on investment opportunity from the Company's business development
initiatives in China.
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 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.