SOURCE: NewMarket Technology, Inc.

November 11, 2008 09:25 ET

NewMarket Technology, Inc. Issues Update on 3rd Quarter Growth, Yahoo! Message Board and Deloitte Technology Fast 500

Management to Present Corporate Update in New York City on November 14 to Review Progress Toward $120 Million Revenue Forecast

DALLAS, TX--(Marketwire - November 11, 2008) - NewMarket Technology, Inc. (PINKSHEETS: NMKT) today released an update on the Company's third quarter growth, the Yahoo! message board and NewMarket's ranking in the Deloitte Technology Fast 500.

Anticipated Revenue and Net Income Increases and Earnings Webcast Scheduled for November 21

The Company's third quarter financial results are planned for release shortly, within SEC reporting guidelines. While the third quarter financial report is not yet finalized, management anticipates that the report should reflect the Company's continued revenue and net income growth, reporting increases compared to the same period in the previous year. Management is scheduled to conduct a Webcast on Friday, November 21, 2008 at 12:00pm EST to review the third quarter and year-to-date (YTD) earnings results. During the Webcast NewMarket management will review the Company's third quarter SEC financial filings and continued progress towards the Company's $120 million 2008 revenue goal. In 2007, NewMarket reported $93.1 million in revenue and $7.3 million in net income.

A link to the Webcast will be available prior to the event on the Company's corporate Website Investor Relations page at under "Current Events and Communications."

Ongoing Award Winning Growth

NewMarket has been recognized for the Company's sustained growth over the past four years in its national ranking on the Deloitte Technology Fast 500. The Company has ranked in the top 25 fastest growing technology companies in North America for the three previous years, with this year's results to be released later this month. NewMarket was recently recognized by Deloitte in their Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area. NewMarket's increase in revenues of 3,867 percent from 2003 to 2007 resulted in a seventh place ranking in the Technology Fast 50 for Texas, placing the Company in the top 10 fastest growing technology companies on the Technology Fast 50 for Texas for the fourth year in a row. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit

Yahoo! Message Board

Yahoo! provides a message board service for shareholders and other parties to post comments regarding some publicly listed companies. The service is at Yahoo!'s discretion and the Company does not ask for or pay for this service. The message boards are not recognized by any regulatory agency as a source of disclosure regarding a company's operations and the Company does not participate in the message board. Furthermore, the information posted on the boards is not monitored for accuracy and Yahoo! does not take responsibility for the information posted on the message boards. Yahoo! has in the past had a message board for users to post regarding NewMarket. The message board was recently removed. Yahoo! did not consult with NewMarket as to the original set up of the board, nor has Yahoo! consulted with NewMarket on the removal of the board. The Company knows of no reason why Yahoo! would have decided to set up the board, nor does the Company know of any reason why the board was removed. The Company has inquired with Yahoo! so that some explanation might in turn be made available to users interested in a NewMarket message board, but Yahoo! has not as of yet responded.

Upcoming Management Presentations

Management has scheduled a corporate update presentation for interested shareholders and potential investors on Friday, November 14, 2008 in New York City. Additionally, NewMarket management is scheduled to present a corporate update in Boca Raton, Florida. A reservation is required to attend the presentations. Interested parties should contact NewMarket Investor Relations at or 214-722-3065 to reserve a seat.

Corporate Information and E-mail Updates

To find out more about NewMarket Technology or to be added to NewMarket Technology's e-mail database to receive company updates, 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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