SOURCE: NewMarket Technology, Inc.

April 12, 2007 09:06 ET

NewMarket Technology, Inc.'s "Project LAC" Website Detailing Latin American Trade Mission Now Available in Spanish and Portuguese

"Project LAC" Currently Accepting Applications Due May 1 for Latin American Trade Mission

DALLAS, TX -- (MARKET WIRE) -- April 12, 2007 -- NewMarket Technology, Inc. (OTCBB: NMKT) today announced launching the "Project LAC" website in Spanish and Portuguese. The website was previously available in English and provides details about "Project LAC" and the Request for Application (RFA) issued to all small U.S. technology companies interested in attending a business development Trade Mission to Latin America scheduled for July 2007. The purpose of Project LAC is to enhance small U.S. technology company involvement in the Latin American and Caribbean (LAC) regions. The project is funded by United States Agency for International Development (USAID), supported by the dot-ORG program and implemented by the Academy for Educational Development (AED) and NewMarket Technology.

Any small U.S.-based technology company may apply, and up to ten companies will be selected to participate in the project. The deadline to apply is May 1, 2007. The chosen companies will receive information and guidance on how to expand their businesses into LAC markets, particularly underserved areas, as well as an opportunity to develop initial business opportunities through a Trade Mission to Latin America in July 2007.

A copy of the RFA and further project information for companies interested in participating in the project are available on the project website at www.projectLAC.com.

NewMarket Technology was selected to implement the project from a competitive group of applicants based on the company's own successful growth in the LAC region. NewMarket initially entered the LAC region in 2004 to bring emerging technologies to emerging markets. NewMarket's Latin American operations have grown rapidly to an expected $20 million in profitable annual revenue for 2006, and the company projects $30 million in revenue in 2007.

Public Listing of NewMarket Latin America Subsidiary

NewMarket recently announced the completion of a transaction with Paragon Financial Corp. (PINKSHEETS: PGNF) to effectively list NewMarket's Latin America subsidiary. Paragon Financial Corporation will change the company's corporate name to NewMarket Latin America and will receive a new ticker symbol in the coming weeks.

To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.

About the United States Agency for International Development (www.usaid.gov)

USAID is the principal U.S. agency to extend assistance to countries recovering from disaster, trying to escape poverty, and engaging in democratic reforms. USAID is an independent federal government agency that receives overall foreign policy guidance from the Secretary of State. USAID supports long-term and equitable economic growth and advances U.S. foreign policy objectives by supporting economic growth, agriculture and trade; global health; and democracy, conflict prevention and humanitarian assistance.

USAID provides assistance in four regions of the world: Sub-Saharan Africa; Asia and the Near East; Latin America and the Caribbean; and Europe and Eurasia. With headquarters in Washington, D.C., USAID's strength is its field offices around the world. USAID works in close partnership with private voluntary organizations, indigenous organizations, universities, American businesses, international agencies, other governments, and other U.S. government agencies. USAID has working relationships with more than 3,500 American companies and over 300 U.S.-based private voluntary organizations.

About the Academy for Educational Development (www.aed.org)

Founded in 1961, the Academy for Educational Development is an independent, nonprofit organization committed to solving critical social problems. AED works in all the major areas of development with a focus on improving health, education and economic opportunities for the least advantaged in the United States and throughout the world. It is the lead implementer of the dot-ORG Program funded by USAID (www.dot-com-alliance.org).

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 integration and maintenance services to support the prevailing industry standard solutions to include Microsoft, Cisco Systems, SAP, Siebel, and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire undiscovered 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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. NewMarket ranked Number Five 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.

"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.

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