SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

October 29, 2009 09:00 ET

NewMarket Technology, Inc. Anticipates Possible Milestone Recognition From Pending $36 Million Aoyuan Electronic Agreement in China

DALLAS, TX--(Marketwire - October 29, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) recently announced a letter of intent to provide outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million over three years. The letter of intent was executed by NewMarket's operating subsidiary in China and would be the third major outsourcing contract signed this year, bringing the total long-term revenue value of outsourcing contracts signed in 2009 to approximately $100 million.

"Management considers the current share price for NewMarket stock reflects an underestimation of the Company's fundamental financial performance," said Philip Verges, CEO and founder of NewMarket Technology. "The market capitalization is less than 10% of the Company's annual revenue and less than one third of the Company's shareholder equity. We anticipate that one of the Company's upcoming developments will be recognized as a milestone event by the market, reflected in an increased share price."

NewMarket this week released an on-demand Webcast to present more detail on the Company's plan to increase the value of its common stock through an innovative dividend strategy. Beacon Equity recently rated NewMarket a 'Speculative Buy' with a target price per share of $1.42. The on-demand Webcast also includes updates on the Company's $75 million in total new sales contracts signed in 2009, not including the pending $36 million contract with Aoyuan in China.

A link to the Webcast is now available on both the corporate website homepage and investor relations page at titled 'NewMarket Corporate Update Webcast.'

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About NewMarket Technology, Inc. (

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.


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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