SOURCE: NewMarket Technology, Inc.

August 08, 2008 09:27 ET

NewMarket Technology, Inc. Reports Record Sales YTD With $25 Million in New Contracts Contributing to $120 Million 2008 Revenue Forecast and Anticipated Strong Sales to Continue Through End of Year

DALLAS, TX--(Marketwire - August 8, 2008) - NewMarket Technology, Inc. (OTCBB: NMKT) conducted an aftermarket Webcast yesterday afternoon to review year-to-date sales and progress towards the Company's 2008 $120 million organic revenue forecast. CEO Philip Verges reported record sales year-to-date with new customer contracts that would contribute $25 million to 2008 revenue. Notably, the majority of the new contracts were signed with North American clients, increasing the Company's percentage of overall revenue derived from North America. NewMarket reported $93.1 million in revenue for 2007 with $7.3 million in net income. Approximately 70% of NewMarket's 2007 revenue came from customers outside of the United States. The $25 million to be realized from new customer contracts in combination with revenue expected from recurring customers that contributed to last year's $93 million in revenue puts the Company well within reach of its $120 million 2008 organic revenue forecast. NewMarket historically reports more revenue in the second half of the year compared to the first. While North American sales have lead the first half of the year, NewMarket is also enjoying sales growth from its operations outside of North America and anticipates strong sales growth to continue from operations in Asia and South America. Mr. Verges concluded yesterday's Webcast indicating an expectation that the year-to-date sales track record would continue throughout the year and that a forecast increase was under consideration.

The Webcast, which lasted just over 20 minutes, also includes a review of the Company's progress toward increasing gross margins, reducing operating expenses as a percentage of revenue and improving cash flow. The Webcast has been archived and can be viewed in its entirety at: http://www.investorcalendar.com/IC/CEPage.asp?ID=132965.

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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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