SOURCE: NewMarket Technology, Inc.

May 23, 2007 09:30 ET

NewMarket Technology, Inc. Files First Quarter 2007 Financial Report

Company to Discuss Quarterly Report and Recently Filed Amended 2006 Annual Report in Webcast Thursday, May 24, at 4:30 PM EDT

DALLAS, TX -- (MARKET WIRE) -- May 23, 2007 -- NewMarket Technology, Inc. (OTCBB: NMKT) announced today that the company has filed a quarterly report for the first quarter of 2007 (SEC Form 10-Q). Also this week, the company filed an amended 2006 annual report (SEC Form 10-K/A). NewMarket Technology's independently listed subsidiary NewMarket China, Inc. (OTCBB: NMCH) recently filed an amendment to a November 2006 financial statement in addition to filing a delinquent annual report that had been pending the completed November amendment. The NewMarket China amendment created cause to amend the NewMarket Technology previously filed annual report.

First Quarter 2006 Report Highlights

In the company's quarterly report for first quarter 2007, NewMarket Technology reported $18.1 million in revenue.

Balance sheet:

--  Stockholder's equity up 34% from same quarter last year ($48.5m v.
    $36.2m)
--  Stockholder's equity up 7% from last quarter ($48.5m v. $45.2m)
--  Total assets up 17% from same quarter last year ($66.2 v. $56.8)
    
Statement of Operations:
--  Revenue for 1st quarter 2007 up 5% from 1st quarter 2006 ($18.1m v.
    $17.3m)
--  Operating expense percentage down, 17% of sales in 1st quarter 2007 v.
    25% of sales in 1st quarter 2006
--  Net income (before currency translation) for 1st quarter 2007  up 38%
    from 1st quarter 2006 ($599k v. $434k)
--  Net income (after currency translation) for 1st quarter 2007 up 99%
    over 1st quarter 2006 ($1.1m v. $577k)
    
Separately, NewMarket Technology subsidiaries, NewMarket China and Diamond I (OTCBB: DMOI), soon to be renamed NewMarket Broadband, Inc., also recently filed 2006 annual reports and first quarter reports for 2007.

Shareholder Webcast Scheduled for Tomorrow at 4:30pm

CEO Philip Verges and CFO Phil Rauch will conduct an audio Webcast tomorrow, Thursday, May 24, 2007, at 4:30 p.m. EDT to discuss the company's first quarter 2007 financial report and the amended 2006 annual report filed this week. The call is being Webcast by Vcall and can be accessed at http://www.vcall.com/IC/CEPage.asp?ID=117173.

Shareholders and interested investors may submit questions prior to the Webcast. In the interest of maximizing the value of this Webcast for all participants, please submit questions by today, May 23 at 5pm CDT, to Investor Relations at ir@newmarkettechnology.com.

To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.

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 integration and maintenance services to support the prevailing industry standard solutions to include Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered 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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. NewMarket ranked Number Five 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.

"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.

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