SOURCE: NewMarket Technology, Inc.

September 09, 2008 10:00 ET

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

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.

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About NewMarket Technology, Inc. (

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.


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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