Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Presents 2009 $100 Million Profitable Revenue Outlook
$1.00 to $2.50 Price per Share Milestone Potential
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 4, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
recently announced a ticker symbol change from NMKT to OTC: NWMT. The
change reflects a substantial step forward in the Company's overall plan to
align what management believes is an undervalued price per share with the
Company's otherwise strong fundamental financial performance. Today the
Company has released an exclusive on-demand Webcast to review the Company's
positive operating income for the previous three years and revenue growth
from approximately $78 million in 2006 to $95 million in 2008. The focus
of the Webcast is to present the potential for the share price to increase
from the recent recapitalized price per share of $0.45 to $1.00 and as high
as $2.50. The price per share potential is suggested in conjunction with
the presentation of the market capitalization values of comparative public
companies. The presentation includes an outlook on the anticipated
profitable revenue increase in 2009.
The ticker symbol change was made in conjunction with a common and
preferred stock recapitalization. The common issued and outstanding was
reduced to approximately 15 million shares. The post-recapitalized price
per share is $0.45. The Company's long-term debt was reduced and the
preferred stock was restructured. The fully diluted issued and outstanding
is less than 30 million shares and management anticipates the issue of new
shares can be reduced further through an alignment of fundamental financial
performance with price per share performance. The fully diluted market
capitalization of the Company today is approximately $13 million. Based on
the share price performance of comparable public companies, NewMarket
management believes NewMarket's market capitalization value could
reasonably reach $30 million in the near future and as high as $50 million.
On a fully diluted basis, Management likewise believes the price per share
could reasonably reach $1.00 in the near future and as high as $2.50.
The Webcast is now available for review on the Company's corporate website.
A link to the Webcast titled 'NewMarket Corporate Update (August 4, 2009)'
is available on the Investor Relations page of the NewMarket website under
Current Events and Communications at:
http://www.newmarkettechnology.com/investor-relations.htm. For assistance
accessing or listening to the Webcast, please email
ir@newmarkettechnology.com or call 214-722-3065.
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 $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.