SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

December 15, 2009 09:30 ET

NewMarket Technology, Inc. Chinese Deals Anticipated to Add $30 Million in Revenue in 2010 Reviewed in Webcast Today

DALLAS, TX--(Marketwire - December 15, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released an on-demand Webcast to review two milestone transactions anticipated to deliver approximately $30 million in revenue in 2010. One transaction was executed last week, and the second is expected to be signed before the end of December.

Last week, NewMarket's Chinese subsidiary announced completing the acquisition of a China Radio Technology Ltd. subsidiary. The acquisition is anticipated to contribute approximately $20 million in annual revenue to NewMarket's Chinese subsidiary in 2010. NewMarket's Chinese subsidiary has also entered into a letter of intent anticipated to provide comprehensive technology support services to a customer in Dalian. The letter of intent is expected to convert into a contract by the end of December worth approximately $36 million over three years, with the potential for as much as $10 million in revenue to be recognized by the Chinese subsidiary in 2010.

In 2008, NewMarket reported $95 million in global revenue and has forecasted profitable revenue growth in 2009. For the first three quarters of 2009 ending September 30, NewMarket reported $76 million in revenue with $2.2 million in net income.

NewMarket's subsidiary operation in China is a systems integration service provider that markets technology outsourcing services that include the sale and service of brand name technologies such as Microsoft, Oracle, Cisco, IBM, HP and Dell. The operation in China reported over $40 million in annual revenue in both 2007 and 2008, and recently reported $30 million in revenue through the first nine months of the year ending September 30, 2009, with record net income of $1.8 million.

The Webcast also presents how the recent acquisition potentially complements both the Company's short-term and long-term return on investment strategy.

A link to the Webcast is now available on the NewMarket corporate website homepage and Investor Relations page at and is titled 'NewMarket - Chinese Subsidiary Milestone Update Webcast.'

Sign Up to Receive Regular NewMarket Updates

NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage ( Recipients can manage their own email contact profile and safely unsubscribe at any time.

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.

Contact Information