Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. Management to Review 36% Net Income Increase to $3.7 Million and 20% Revenue Increase to $76 Million Through 3rd Quarter 2008 in Boca Raton on November 25
Third Quarter Webcast Scheduled for Friday, November 21 at 12:00 PM EST
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 18, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
management has scheduled a corporate update presentation for interested
shareholders and potential investors on Tuesday, November 25, 2008 in Boca
Raton, Florida. NewMarket reported $76 million in revenue for the first
nine months of 2008 with net income of $3.7 million. Net income has
increased 36% and revenue has increased 20% in the first nine months of
2008 compared to the same period last year. The Company reported $2.7
million in net income on $63 million in revenue through the third quarter
of 2007. A reservation is required to attend the presentation. Interested
parties should contact NewMarket Investor Relations at
ir@newmarkettechnology.com or 214-722-3065.
Third Quarter Financial Webcast
NewMarket management will conduct a Webcast, Friday, November 21 at 12:00
pm EST to review third quarter 2008 financials.
A link to the Webcast will be available at the Company's corporate Website
Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm under "Current Events
and Communications." An archive of the Webcast will be available
afterwards for review.
NewMarket Ranked #7 in Deloitte Texas Fast 50
NewMarket Technology recently has been named seventh in Deloitte's
prestigious Technology Fast 50 Program for Texas, a ranking of the 50
fastest growing technology, media, telecommunications, and life sciences
companies in the area by Deloitte LLP, one of the nation's leading
professional services organizations. Rankings are based on the percentage
revenue growth over five years from 2003-2007.
NewMarket CEO Philip M. Verges credits the Company's emerging market
strategy and success in building robust operations in South America and
Asia with the Company's 3,867 percent revenue growth from 2003-2007. For
more information on Deloitte's Technology Fast 50 or Technology Fast 500
programs, visit www.fast50.com.
Corporate 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 ir@newmarkettechnology.com or call 214-722-3065.
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 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.
"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.