Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Targets Upgraded Public Listing Alongside Adidas, BASF, Peugeot and Benetton as First Step in NASDAQ or NYSE Listing Strategy
Webcast Next Thursday to Present Planned Upgraded Listing and Shareholder Dividend
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 11, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
has scheduled an on-demand Webcast for Thursday, September 17, 2009 to
present the Company's plan to align share price and fundamental financial
performance. The presentation will include an overview of the Company's
intention to apply for listing on the OTCQX where companies such as Adidas,
BASF, Peugeot and Benetton are currently listed. Among other benefits, the
OTCQX (www.otcqx.com) 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. The Company reported $95 million in revenue in 2008 and has
reported over $43 million in profitable revenue for the first six months of
2009. Historically, NewMarket reports increased revenues in the second
half of the year and accordingly expects to realize $100 million in
profitable revenue by year end 2009.
Management believes the Company is 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. NewMarket has recently recapitalized in
conjunction with an upgraded listing plan in an overall strategy to align
share price and fundamental financial performance. In the Webcast next
Thursday, the Company plans to present an overview of the comprehensive
plan to facilitate a potential share price increase. The plan includes an
upgraded listing and a dividend intended to provide shareholders with a
return on investment opportunity from the Company's business development
initiatives in China.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
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.