Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Webcast Update and Outlook With $100 Million Profitable Revenue Forecast, Recent Microsoft Contracts and $63 Million in New Business
Retired Major General Hugh Robinson, Board Member and Former Chairman of the Dallas Federal Reserve, to Host Tuesday, September 1st Webcast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 28, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
a reporting company with audited financial reports filed with the SEC. On
Tuesday September 1st, Board Member Hugh G. Robinson, Retired Major General
and Former Chairman of the Dallas Federal Reserve, is scheduled to host a
strategic update in an on-demand Webcast. The Webcast will include a review
of the Company's $95 million in revenue in 2008, $100 profitable revenue
forecast, recent Microsoft contracts and $63 million in new business.
Earlier this week, NewMarket announced a three-year, $33 million
outsourcing agreement with WBA (Wireless Broadband Access)
Telecommunications, S.A. of Bogota, Colombia. This is NewMarket's second
major outsourcing agreement signed this year. NewMarket previously
announced a similar agreement in Shanghai, China earlier this year for $30
million. A link for accessing the on-demand Webcast is scheduled to be
available on the Company's website Tuesday, September 1.
Corporate Information and E-mail Updates
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Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel
and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire
emerging technology assets to incorporate into an overall product portfolio
carefully packaged to complement the prevailing industry standard
solutions.
NewMarket delivers its portfolio of products and services through its
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and
Number Five in North America on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company grew
from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.