SOURCE: NewMarket Technology, Inc.

May 01, 2008 13:34 ET

NewMarket Technology, Inc. and digiMedical Solutions, Inc. Announce Healthcare Technology Launch Anticipated to Reach $20 Million in First Year Organic Sales

Both Companies to Benefit Through Increased Sales and Profits Resulting From Cross-Selling of Complementary Healthcare Technology Portfolio

DALLAS, TX--(Marketwire - May 1, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) and digiMedical Solutions, Inc. (PINKSHEETS: DGMS) today announced a combined Healthcare Technology service offering anticipated to achieve $20 million from organic sales within the first year following the launch. The combined service offering is intended to increase the revenue of both Companies.

An Enhanced Service and an Opportunity to Increase Sales through Cross-Selling

NewMarket and digiMedical each provide Healthcare Technology solutions. The respective solutions are complementary. The current customer lists of each Company are separate. The combination of the respective solutions creates a better overall Healthcare Technology solution. The separate customer lists create an immediate cross-selling opportunity for both NewMarket and digiMedical.

A Dozen New digiMedical Contracts Since the First Step with NewMarket

The two Companies have worked on a combined Healthcare Technology offering since the end of 2007. One step in building the combined service offering was taken in February this year when Philip M. Verges, the CEO of NewMarket, was added to the digiMedical board of directors. Since the initiation of the relationship with NewMarket, and the recent restructuring of the digiMedical Florida Sales division, digiMedical has signed about a dozen new contracts with medical practices to provide digital prescription handling.

digiMedical Digital Prescription Handling Software and Pharmacies

digiMedical Solutions, a Microsoft Partner, with operations in Texas and Florida, has built its own suite of proprietary software to handle prescriptions digitally from the physician's office to the pharmacy, securely and in compliance with all DEA and HIPAA requirements. The suite of software includes digiRX, digiRxStream, digiReauth, digiRxComp, and now digiAccounting and the Company owns and operates five pharmacies throughout Texas and Florida.

NewMarket's Healthcare Technologies

NewMarket currently has interests in three innovative healthcare technology solutions that complement the digiMedical solution. One healthcare technology is a software solution than manages inventory control of prescription drugs. The solution was developed in conjunction with a contract with the State of Kentucky to pilot a software solution that improved the control of prescription drug distribution. A second software solution supports medical office operations management. The third technology solution consists of an enterprise software and wireless vital signs collection and dissemination system, to improve patient quality of care and decrease healthcare costs.

NewMarket Technology and digiMedical into the Future

NewMarket and digiMedical intend to expand upon the current combined Healthcare Technology service offering. Both Companies share a similar vision of continuously introducing innovative new technology solutions. The Companies intend to learn from the results of the existing relationship and build upon the relationship a more comprehensive long term enterprise with a broader range of innovative Healthcare Technology solutions.

Corporate Information and 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 digiMedical Solutions, Inc. ™

digiMedical Solutions, Inc.™ (http://www.digimedical.com) is a pharmacy and medical technology company focused on developing next generation digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that will more closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless base d-prescription technology to doctors, acquisition of independent pharmacy chains and the sale of certain territories to "market partners" licensed to exploit the digiMedical Solutions™ model. digiMedical Solutions, Inc.™ currently owns and operates five (5) pharmacies located in Texas and Florida. digiMedical Solutions'™ unique business model brings doctor, patients and pharmacies into next generation medical technologies.

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