SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

June 18, 2009 09:44 ET

NewMarket Technology, Inc. Publishes Letter to Shareholders Previewing Anticipated Release of 2008 Annual Report by Friday, June 19th, Reporting Small Revenue Growth and Positive Operating Income

DALLAS, TX--(Marketwire - June 18, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NMKT) today released a letter to shareholders previewing the anticipated release of the 2008 annual report by Friday, June 19th 2009. The letter highlights the Company's success at managing a small revenue growth and positive operating income in spite of the global economic crisis as well as pointing out the challenges reflected in the report due to the global economic crisis. The letter is included in its entirety below.

Dear Fellow Shareholders -

About five weeks ago I published a letter to address a collection of shareholder questions and concerns, most of which surrounded the delayed reporting of the Company's 2008 annual report. As I draft this letter, our 2008 annual report is being formatted for release. You can expect the report before the end of the week.

Our CFO, Philip Rauch, published a letter to shareholders on April 15, 2009, regarding the decision to delay the filing. There remain no other reasons for the delay other than what Mr. Rauch discussed in this letter:

http://www.marketwire.com/press-release/Newmarket-Technology-Inc-975161.html

Following the release of the 2008 annual report, Mr. Rauch is scheduled to conduct a Webcast to review the report.

Over the course of the last five weeks, we have received additional shareholder questions and concerns. Most of those questions surrounded the Company's absent communications since the May 8, 2009 release of my last letter to shareholders:

http://finance.yahoo.com/news/NewMarket-Technology-Inc-CEO-iw-15185348.html

The founders and management of NewMarket Technology remain passionate about the vision, mission and future prospects of the Company. We have learned a great deal about the challenges inherent within the micro-cap public markets. We continue to evolve our strategy to guide NewMarket toward a long-term and sustainable success. We also continue to grow more passionate about translating our experience within the micro-cap public markets into an improved future opportunity for the shareholders of all early stage entrepreneurial businesses.

The high growth potential entrepreneurial market is globally underserved, underappreciated, and under financed, yet more and more vital to the global economy every day. While trillions of dollars are being spent to aid old "big" companies, some arguably not long for this world, innovative new companies that can redefine a next generation global economy are being overlooked. Additionally, with the expected rise in unemployment, we anticipate seeing even more entrepreneurs starting innovative businesses because their job with the old 'big' company no longer exists and other similar jobs are also no longer available. NewMarket's position within the entrepreneurial high growth potential market, the Company's financial condition and the ongoing commitment of the management team have not changed since the publication of my May 8, 2009 letter to shareholders.

As previously communicated, the Company's revenue grew in 2008 compared to 2007. The Company did not escape the challenges presented by the global economic crisis. While revenue grew, the growth was not as much as anticipated and the percentage of income from operations was not as high as the previous year. In light of current global economic conditions, we took a hard look at several balance sheet listed assets and correspondingly wrote down the value of those assets. The write down had a substantial balance sheet impact and corresponding non-cash impact to the profit and loss statement. While the Company had a positive operating income, the non-cash impact to the profit and loss statement did result in an overall negative net income for the year.

Mr. Rauch will address the write downs, the balance sheet impact and the profit and loss impact in more detail in his Webcast presentation. The negative net income is disappointing, but primarily the result of balance sheet adjustments that we believe to be healthy for the Company in the long-term. Even after the write down and the impact to the profit and loss statement, we believe the Company share price does not reflect the fundamental financial value of the operations. Management is optimistic that the publication of the 2008 annual report will end any speculation regarding the Company's 2008 performance that may be reflected in a lower current share price than might otherwise be expected.

After the publication of the 2008 annual report, please look for a number of upcoming communications regarding the Company's overall business development progress and the ongoing evolution the Company's strategy to improve its business model.

Best Regards,

Philip M. Verges
Founder and Chief Executive Officer
NewMarket Technology, Inc.

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.

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