SOURCE: NewMarket Technology, Inc.

August 15, 2008 09:25 ET

NewMarket Technology, Inc. Net Income Increase From Operations in China Expected to Boost Company's Overall Higher Than Anticipated Sales and Profit Performance

Company Management to Conduct Webcast Thursday, August 21, to Discuss Q2 2008 and YTD Financial Results

DALLAS, TX--(Marketwire - August 15, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) today announced net income from the Company's Chinese subsidiary increased substantially from a loss of $22k in the first six months of 2007 to a profitable $321k for the first six months of 2008. Revenue also saw an 11% increase over the first six months of 2007, reporting $19.2 million in year-to-date revenue for the Chinese operation alone. Additionally, the Chinese operation increased shareholder equity 45% ($3.7m v. $2.6m) over the same period last year. NewMarket Technology has recently announced year-to-date higher than anticipated North American sales. The sales increase is expected to improve revenue and profit. The Chinese subsidiary net income performance will enhance the Company's overall net income performance.

Philip J. Rauch, CFO of NewMarket and the Company's Chinese subsidiary stated, "We are very pleased with our Chinese subsidiary's continued improvement of its fundamental financials, especially its increase in net income. After independently listing our Chinese operations less than two years ago, our Chinese subsidiary has matured nicely. We have made it a point to improve the financial performance of all the companies in the NewMarket family with a focus on both revenue growth and improved bottom line. After a two year hiatus from mergers and acquisitions we know that continuing to improve our fundamental financial performance will be helpful as we seek a higher caliber of candidates for acquisition. NewMarket's recently announced plans to acquire Everex are evidence of our increasing financial maturity."

In 2007, the Company's Chinese subsidiary accounted for approximately 40% of NewMarket's overall revenue reporting $40 million. Management has set a $50 million revenue goal for the Company's Chinese subsidiary in 2008. NewMarket reported $93.1 million in revenue in 2007 with $7.3 million in net income across all its operations and management has set an overall $120 million 2008 revenue goal.

Earnings Webcast Thursday, August 21, 2008 at 4:15 PM EDT

NewMarket management will conduct an audio Webcast on Thursday, August 21, 2008 at 4:15 p.m. EDT to discuss the Company's year-to-date growth and outlook for the remainder of 2008.

A link to the Webcast will be available prior to the call on NewMarket's corporate Investor Relations page at http://www.newmarkettechnology.com/investor-relations.htm.

Company 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 or its Chinese subsidiary, 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 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.

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