Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Webcast by Former Dallas Federal Reserve Chairman Hugh G. Robinson Highlights Breakout Potential of Award Winning Success and New Direction
Webcast Strategic Update Includes Review of $100 Million Profitable Revenue Forecast and $63 Million in Recent Contracts
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 1, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
has released an exclusive Webcast hosted by Board Member Major General Hugh
G. Robinson. General Robinson begins the presentation with an overview of
NewMarket's founding strengths in light of the recent global economic
crisis and his vision for the future of those founding strengths. The
corporate strategic update includes discussions on the Company's growth
over the past few years to $95 million in 2008 and the Company's plans for
continued profitable growth in 2009 to a forecasted $100 million in
revenue. The Webcast also includes a review of recent Microsoft contracts
and $63 million in multi-year service contracts. These service contracts
result in part from the Company's business strategy to convert customers
and business from one-time, short-term contracts to longer-term, renewable
contracts. These contracts also come from the Company's Chinese and Latin
American divisions, illustrating the Company's traditional focus on
emerging market business opportunities. Management anticipates accelerated
revenue growth in the second half of 2009 resulting from strong offshore
sales.
"The best high growth investments today are often outside of the United
States," stated Mr. Robinson. "NewMarket is a technology service company
with operations in a number of the world's recognized emerging market
sectors as well as some of the less well-known emerging market sectors.
NewMarket's growth has won multiple awards. I believe NewMarket is now
prepared for its next major breakthrough."
Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a
retired Major General with a distinguished career serving in the United
States Army. Among other prestigious posts, Mr. Robinson served as
President Lyndon Johnson's military aide de camp. In addition to his public
service experience, Mr. Robinson's career has included extensive executive
management experience with senior positions at Southland Corporation and
City Place Development Corporation. He is a graduate of the United States
Military Academy at West Point and earned a Masters Degree in Civil
Engineering from the Massachusetts Institute of Technology (MIT). In
addition to his role at NewMarket Technology, Mr. Robinson currently serves
on the board of Carmax, Inc., the LBJ Foundation and the Better Business
Bureau.
NewMarket Technology Strategic Update Webcast Released Today
A link to the Webcast titled 'NewMarket Strategic Update Webcast (September
1, 2009)' is now available on the Home page and the Investor Relations page
of the NewMarket website www.newmarkettechnology.com. For assistance
accessing or listening to the Webcast, please email
ir@newmarkettechnology.com or call 214-722-3065.
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 50 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. The Company has been named a finalist again this year
and results will be posted in the fall.
"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.