Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. CEO to Participate in Round Table and Present on Small Business Financing at "Summit on the Industrial Transformation of Zhu Jian Delta" in Dongguan, China
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 9, 2008) - NewMarket Technology, Inc.'s (OTCBB : NMKTE )
Chief Executive Officer Philip M. Verges has been invited to participate in
a round table discussion on small business financing at the "Summit on the
Industrial Transformation of Zhu Jian Delta" on September 22, 2008 in
Dongguan, China. Mr. Verges will join Mr. Tang Min, Chief Economist of the
Chinese Branch of the Asian Development Bank, Mr. Liu Yihui, Head of
Financing Laboratory for the Chinese Academy of Social Sciences, Ms. Ye Tan
the Chief Commentator of the National Business Daily and Larry Wu,
NewMarket's VP of Business Development for Chinese Operations.
Additionally, both Mr. Verges and Mr. Wu will be giving individual
presentations on global small business financing during the two day summit.
About the "Summit on the Industrial Transformation of Zhu Jian Delta"
The "Summit on the Industrial Transformation of Zhu Jian Delta" will take
place September 22-23, 2008 in Dongguan, China. The Zhu Jian Delta,
otherwise known as the Pearl River Delta, is located in the south of
mainland China just north of Hong Kong. Dongguan is one of the biggest
manufacturing centers in China, ranking #3 among Chinese cities in foreign
trade. Dongguan is located just outside Shenzhen. Due to its close
proximity to Hong Kong, Shenzhen has been operating under a free enterprise
system for the past 20 years, as one of China's first "special economic
zones." The summit will provide NewMarket the opportunity to reach hundreds
of businesses at once, as the Company looks to expand both its service
offerings and its operations in China to areas throughout the region.
NewMarket Technology provides hardware and software technology products and
services in China. To date, management has concentrated on establishing a
base of recurring customers and the infrastructure to support long-term
sustainable growth. The Chinese operations have grown significantly,
reporting $29.5 million in 2006 revenue and $40 million in 2007 revenue
with $437,824 in net income and $909,771 in comprehensive income. The
Company has forecasted $50 million in revenue from the Chinese operations
in 2008, supporting the Company's global goal of $120 million in profitable
revenue for 2008.
Corporate E-mail Updates
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updates or to obtain more information on the Company, please send an e-mail
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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 systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, 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.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.