SOURCE: NewMarket Technology, Inc.

June 09, 2008 09:25 ET

NewMarket Technology, Inc. Consolidates Tech Operations With $70 Million in Combined Revenue and Announces Bruce Noller as President of Managed Services

DALLAS, TX--(Marketwire - June 9, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) conducted a Webcast this morning before the market open to announce a corporate and management realignment to support an overall repositioning of the Company in the marketplace. The Company CEO, Philip Verges, announced a consolidation of NewMarket's global tech service operations. Bruce Noller will lead the consolidated operation as the President of NewMarket Managed Services.

Bruce Noller has more than 25 years of financial, operational and marketing experience. Before founding his own firm in 1994, Mr. Noller served as vice president for Integrated Control Systems, a worldwide management consulting firm. During that time, Mr. Noller initiated and oversaw engagements with companies in a variety of industries including healthcare, distribution, manufacturing, retail, banking, insurance, mining and telecommunications. He also has extensive international management background with operational experience in Singapore, Malaysia, China, Canada, Latin America and Europe.

The operations consolidated under NewMarket Managed Services account for approximately $70 million in annual revenue. NewMarket reported $93.1 million in overall revenue in 2007 with $7.3 million in net income. The additional, approximately $23 million in revenue was derived through the Company's ongoing development of new technologies.

A link to an archive of the Webcast is available on the Company's corporate Website Investor Relations page at http://www.newmarkettechnology.com/investor-relations.htm under "Current Events and Communications" or by going to http://www.vcall.com/IC/CEPage.asp?ID=119083.

Corporate E-mail Updates

To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.

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.

Contact Information