SOURCE: NewMarket Technology, Inc.

May 14, 2008 09:15 ET

NewMarket Technology, Inc. Increases 2008 Revenue Forecast Anticipated From Sales Growth to $120 Million, With $150 Million to $185 Million in Revenue Possible With Acquisitions

Increased Forecast Announcement Was Included as Part of Webcast Conducted Yesterday After Market to Communicate an Updated Strategic Plan

DALLAS, TX--(Marketwire - May 14, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) CEO, Philip Verges, yesterday conducted a Webcast to deliver the Company's updated strategic plan. During the Webcast, Verges announced an increase of the Company's previously announced 20% 2008 revenue forecast to 30% over 2007's $93.1 million, with net income of $7.3 million. NewMarket anticipates approximately $120 million in 2008 revenue. The increased forecast comes after the Company experienced better than expected new sales contract performance year to date. Verges stated in the presentation revenue could exceed that anticipated from organic sales growth with additional revenue resulting from acquisitions. After providing highlights of ongoing acquisition business development, Verges said revenue could reach as high as $150 million to $185 million if the Company is successful in closing acquisition opportunities currently under development.

An archive of the call can be accessed at "Current Events and Communications" under the NewMarket Investor Relations Webpage at

Webcast Highlights

--  Increased 2008 revenue forecast from 20% to 30% over FY 2007 resulting
    from organic sales growth
--  Augmented revenue forecast possible from acquisitions under
--  Strategy to acquire and invest in small businesses with technology
    enabled growth potential
--  National exchange strategy and global small business exchange strategy
--  Global systems integration alignment and expansion into managed
--  Plans to streamline and centralize management while maintaining
    regional capital structure independence
--  Current early stage technology expansion, including mobile computing,
    health and alternative energy technologies

"It's a Small Business World After All"

Yesterday, NewMarket released a position paper from CEO Philip Verges to communicate a vision for the role of small business in the global marketplace. The paper discusses the challenges faced by small businesses in a big business culture and the current proliferation of small business public markets around the world as an early sign of the major social, political and economic role to be played by small business in the future.

The position paper is available by contacting Investor Relations at or 214-722-3065.

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 or call 214-722-3065.

About NewMarket Technology, Inc. (

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.


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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