SOURCE: NewMarket Technology, Inc.

March 18, 2008 16:35 ET

NewMarket Technology, Inc. Anticipates Timely Filing of Annual Report Detailing Strong Organic Revenue Growth and Net Income Results for 2007

Shareholder Letter Regarding Prevailing Market Available on Website

DALLAS, TX--(Marketwire - March 18, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) announced today that the company fully anticipates filing their annual report for 2007 on Form 10k in a timely manner.

CEO, Philip M. Verges, stated, "We wanted to let shareholders know that management is working diligently toward a timely filing and that we do not foresee, at this time, any issue with a timely filing. Given the prevailing market conditions impacting the share price of many publicly listed companies and the corresponding impact to the confidence of shareholders in the impacted public companies, we wanted to communicate our expectation to file the 2007 report in a timely manner. We expect the 2007 annual report to reflect strong organic revenue growth and continued net income improvement."

The Company has received a number of communications from shareholders expressing concern that some undisclosed event might account for the recent share price performance. Last week, the Company published a letter to shareholders addressing the prevailing market conditions and reporting that management could point to no operational event that would account for the current share price performance. The letter provides an update on the plan to align share price with the fundamental financial performance of the Company. The letter also provides an overview of market conditions to further frame the consideration of NewMarket's current share price performance.

The letter is available on the NewMarket web site at http://www.newmarkettechnology.com/investor-relations.htm or by emailing ir@newmarkettechnology.com.

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To be added to NewMarket Technology's e-mail database to receive company updates or for more information on the company, please send an e-mail to ir@newmarkettechnology.com.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.

NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.

NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.

"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.

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