SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

September 15, 2009 11:30 ET

NewMarket Technology, Inc. Signs LOI in China for 3rd Major Outsourcing Opportunity This Year to Add to $65 Million in Recent Contracts and Bolstering $100 Million Forecast

DALLAS, TX--(Marketwire - September 15, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced signing a letter of intent (LOI) in China for a second large outsourcing opportunity in China and the third this year for Company. The Company recently announced a $30 million contract signed with Beijing Chuangzhitongda Technology Development and a $33 million outsourcing agreement with WBA (Wireless Broadband Access) Telecommunications, S.A. The Company has also signed over $2 million in contracts supporting strategic Microsoft installations.

Thursday Webcast to Present Dividend Plan and Upgraded Public Listing Application

NewMarket is scheduled to present a corporate update on Thursday, September 17, 2009. The presentation's agenda includes a discussion of the Company's plan to align share price and fundamental financial performance, an update on the previously announced dividend plan and more information on the Company's plan to upgrade its public listing to the OTCQX. Among other benefits, the OTCQX ( is considered a first step toward a NASDAQ or NYSE listing. NewMarket is currently a fully-reporting public company with audited financial reports filed with the SEC and available for public review. A link to the Webcast is scheduled to be posted to the corporate website upon release on Thursday.

Increase to Target $1.00 Price Per Share to Align with $100 Million in Profitable Revenue

Management believes the Company is currently undervalued and has previously announced a near-term goal to realize a suggested fair value target price per share of $1.00 and as high as $2.50. Since 2002, when the Company listed publicly through a reverse merger, NewMarket operations have expanded from reporting approximately $1 million in annual revenue to over $95 million in revenue in 2008. The Company has reported over $43 million in profitable revenue for the first six months of 2009. Historically reporting increased revenues in the second half of the year, the Company has set a $100 million profitable revenue forecast for 2009.

Corporate Information and E-mail Updates

To sign up to receive email updates or to obtain more information on the Company, please visit

About NewMarket Technology, Inc. (

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.


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.

Contact Information