Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates Reporting 4th Qtr. 2009 Revenue Increase and a Positive Year-End Net Income Following $94 Million TTM Revenue as of September 30th, 2009
Bruce Noller, President of Managed Services, to Review 2009 Performance and Present 2010 Revenue Outlook Following Managed Services Success in 2009
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 14, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
plans to review 2009 performance featuring the revenue contributions of its
successful Managed Services initiative in an on-demand Webcast scheduled
for Friday, January 15, 2010. The Managed Services success in 2009 was led
by Bruce Noller, President of Managed Services. Bruce Noller is scheduled
to conduct the Webcast review of the Company's $94 Million TTM revenue
through September 30, 2009 and the anticipated increase in 4th quarter 2009
revenue compared to the same period of 2008 that would be reported on the
Company's annual report due in March. Additionally, the Webcast is expected
to include a review of the Company's 2009 focus on introducing Outsourcing
Services. NewMarket recently announced a $36 million outsourcing contract
in China and announced a $33 million contract in South America earlier in
2009. The Webcast agenda also includes a 2010 revenue outlook based on the
anticipated continued growth of outsourcing services.
A link to the on-demand Webcast will be posted to the corporate website
upon release.
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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.