SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

January 26, 2010 09:00 ET

NewMarket Technology, Inc. Targets $150 Million in Profitable Revenue for 2010

DALLAS, TX--(Marketwire - January 26, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced a $150 million profitable revenue objective for 2010.

"The Company has hovered around $100 million in revenue for the past three years," said Bruce Noller, the newly appointed CEO of NewMarket Technology, Inc. effective February 1, 2010. "Last year we launched our Outsourcing and Managed Services line of businesses which we expect to substantially contribute to our revenue growth beginning in 2010. We have announced approximately $100 million in new Outsourcing and Managed Services contracts over the past twelve months. Based on our existing contracts, the new Outsourcing and Managed Services contracts and our current pipeline, $150 million in profitable annual revenue for 2010 is a viable objective."

Mr. Noller is scheduled to conduct a Webcast presentation next Tuesday, February 2, 2010, to review the $150 million profitable revenue target in more detail.

2010 Virtual Town Hall and Newly Appointed Chief Executive Officer

Yesterday, NewMarket released a letter to shareholders introducing Mr. Bruce Noller, the Company's newly appointed Chief Executive Officer effective February 1, 2010. The shareholder letter provides more detail on the management change and Mr. Noller's plan to lead NewMarket's systems integration business from approximately $100 million in annual revenue today to a goal of $1 billion within five years. Further details are also available in the Company's 2010 Virtual Town Hall videocast.

Both the letter to shareholders and the 2010 Virtual Town Hall are available on the corporate website Investor Relations webpage:

Sign Up to Receive Regular NewMarket Updates

NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at Recipients can manage their own email contact profile and safely unsubscribe at any time.

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