Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Reviews $36 Million Contract Signed by Chinese Subsidiary and $100 Million 2010 China Region Revenue Objective in Exclusive Webcast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 12, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today released an on-demand Webcast reviewing its Chinese operating
subsidiary's recently signed three-year, $36 million contract to provide
information and telecommunication technology services to Aoyuan Electronic
Co. Ltd located in Dalian, China. Additionally, the Webcast includes a
review of its regional $100 million 2010 revenue objective in China.
The Webcast further reviews the Company's outsourcing services focus. In
2009, NewMarket's regional subsidiaries signed two other large, three-year
outsourcing sales contracts, one in China worth $30 million and one in
Latin America worth $33 million.
NewMarket reported $95 million in global revenue in 2008 and has forecasted
profitable revenue growth in 2009 compared to 2008. NewMarket provides
systems integration services, to include technology reseller,
customization, integration, and support services, in China, Southeast Asia,
Latin America and North America and is actively expanding its business
services into the growing markets of East Africa. NewMarket focuses on the
rapid growth industries in emerging markets that require technology
products and services to support their growth.
A link to the Webcast titled 'NewMarket $36 Million Chinese Subsidiary
Dalian Contract Webcast' is available on the homepage and investor
relations page of the NewMarket website at www.newmarkettechnology.com.
NewMarket Technology Virtual Town Hall January 22, 2010
NewMarket plans to release a 2009 Virtual Town Hall January 22, 2010. The
Virtual Town Hall is scheduled to be made available online to interested
viewers on their own schedule and from their own location. Each year,
NewMarket hosts a Town Hall meeting to review the previous year's results,
to preview the Company's plans for the year ahead and outline plans to
evolve the Company's growth strategy while adopting lessons learned. A link
to the Town Hall will be posted on the Company's corporate
website,www.newmarkettechnology.com, upon release.
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About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
where technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the growing
economies of China, Southeast Asia, Brazil and Northern Latin America. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as Dell,
HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized
reseller of operating systems and various software from companies such as
Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company
works with emerging technologies such as mobile computing, various security
and wireless broadband technologies.
NewMarket's rapid growth since 2002 has placed the Company on the Deloitte
Technology Fast 500 for 5 consecutive years. NewMarket was recognized as
the third fastest growing technology company in the United States in 2006
and the number one fastest growing technology company in North Texas for
two years in a row.
"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.