SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

October 05, 2009 09:00 ET

NewMarket Technology, Inc. Expects Record 4th Quarter Operational Income From China to Boost Comprehensive Net Income for the Year on $100 Million in Anticipated Revenue

DALLAS, TX--(Marketwire - October 5, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced the Company expects to report record 4th quarter operational income from the Company's subsidiary operation in China. Correspondingly, NewMarket expects that increase in operational income to boost the Company's overall comprehensive net income for 2009, as the Company drives towards its forecasted goal of $100 million in revenue for the year. In addition to the Company's ongoing business, NewMarket has publicly announced new sales contracts this year that, in total, exceed $73 million, the majority of which are long-term contracts in line with the Company's focus on shifting its revenue base from short-term, project-based contracts to long-term managed services contracts. One such contract announced earlier this year worth $30 million was signed through the Company's Chinese subsidiary and went into service last quarter. That contract is expected to help increase the operational income of the Chinese operation. The Company's Chinese operation is a systems integrator and is a VAR in the Chinese domestic market. NewMarket has operations in China, Southeast Asia, Latin America and North America and reported over $95 million in revenue for 2008.

Sales Pipeline Webcast Available On-Demand

The Company recently released an exclusive on-demand Webcast reviewing its year-to-date sales and a sales pipeline. A link to the Webcast titled 'NewMarket Sales Pipeline and Revenue Update Webcast' is available on both the corporate website homepage and investor relations page at www.newmarkettechnology.com.

Corporate Information and E-mail Updates

To sign up to receive email updates or to obtain more information on the Company, please visit www.newmarkettechnology.com.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

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.

"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