SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

September 04, 2009 11:54 ET

NewMarket Technology, Inc. Makes Headlines in Latin America With Recent $33 Million Service Contract

DALLAS, TX--(Marketwire - September 4, 2009) - NewMarket Technology, Inc.'s (PINKSHEETS: NWMT) recently announced $33 million contract in Latin America has gotten notice in the region. The Company and its wholly-owned subsidiary, NewMarket Colombia, SAS, last week announced a three-year, $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia, under which WBA will outsource substantially all of its current operations to NewMarket Colombia. Business News Americas, a leading source of information on 12 strategic sectors of the Latin American economy serving over 1,300 subscribed multinational companies and 80,000+ registered executives across the region, interviewed the CEO of NewMarket Technology, Philip M. Verges, on the transaction. NewMarket Technology plans to grow its Colombian operation to approximately $30 million annually through organic sales. "From that point we will start looking for mergers and acquisitions to grow the subsidiary to the next level, which is $100 million in sales," Mr. Verges stated. This agreement is NewMarket's second major outsourcing agreement signed this year. NewMarket previously announced a similar agreement in Shanghai, China earlier this year.

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About NewMarket Technology, Inc. (

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. The Company is eligible again this year and results will be posted in the fall.


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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