Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc.'s Sales in China Boost 2009 $100 Million Revenue and Profit Outlook
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 8, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
has its financial results independently audited in compliance with SEC
regulations. The Company's current financial reports are on file with the
SEC and available for public review. The Company recently posted on its
website a strategic update, on-demand Webcast hosted by Board Member Hugh
G. Robinson, Retired Major General and Former Chairman of the Dallas
Federal Reserve. The Webcast includes a review of the Company's $95
million in revenue in 2008, $100 million profitable revenue forecast for
2009 and an overview of recent Microsoft sales contracts that are part of
$63 million in new business. Over $30 million of the new business
contracts have been signed in China. Revenue from China was $17 million
through the first six months of 2009 contributing $1.1 million of net
income. Sales in China are expected to grow to $50 million in 2009.
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
A link to the Webcast titled 'NewMarket Strategic Update Webcast (September
1, 2009)' is 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 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. The Company is eligible 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.