SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

November 09, 2010 09:40 ET

(NWMT) NewMarket Announces Webcast Overview of LOI With Bombay Stock Exchange Listed Firm to Initiate India BPO Strategy With $100 Million Annual Sales Objective

DALLAS, TX--(Marketwire - November 9, 2010) -  NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today released an exclusive Webcast to present an overview of the Company's recent entry into a letter of intent (LOI) agreement with a Bombay Stock Exchange listed firm to establish an India Business Process Outsourcing (BPO) subsidiary. The Webcast presentation highlights the anticipated revenue acceleration and profit margin improvement potential of the India BPO service offering. NewMarket's objective is to add to its global revenue base an additional $100 million in annual revenue from the sale of India BPO services within three years.

NewMarket provides systems integration services in China, Southeast Asia, Latin America, North America and East Africa, with a primary focus on the world's emerging and growing markets. Systems integration services include technology reseller, customization, integration, outsourcing and support services. NewMarket's technology services operations in China and Brazil are poised to provide offshore systems integration and technology outsourcing services in the United States and Western Europe. However, today China and Brazil are not yet widely recognized as technology outsourcing resources for Western markets. India is a recognized global technology services outsourcing resource, and the Company has been developing plans to expand its outsourcing services, established in 2009, through geographic expansion into India.

A link to the Webcast is available at www.newmarkettechnology.com or directly at http://tinyurl.com/35rmwry.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.

NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 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.

Contact Information

  • Contact:
    NewMarket Technology, Inc.
    Investor Relations
    Email Contact
    214-722-3065