SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

November 16, 2010 09:00 ET

(NWMT) NewMarket Announces Webcast to Review Q3 Results and Update $150 Million Annual Revenue Objective

DALLAS, TX--(Marketwire - November 16, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today announced a Webcast scheduled for next Tuesday, November 23rd, to review the Company's operational results for the third quarter of 2010, which ended September 30th. Additionally, the Webcast will provide an update on NewMarket's $150 million 2010 revenue objective. NewMarket reported over $98 million in profitable revenue in 2009.

A link to the Webcast will be posted to the Company's corporate website www.newmarkettechnology.com upon release.

Software Magazine's 28th Annual Software 500

NewMarket recently announced its inclusion on Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 28th year. NewMarket was ranked 201, with revenue of $98.2 million for 2009. The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. Go to www.Softwaremag.com and click on Subscribe to see the 2010 Software 500.

India Expansion
NewMarket recently entered into a letter of intent (LOI) agreement with a Bombay Stock Exchange listed firm to establish an India Business Process Outsourcing (BPO) subsidiary. Last week, management released a Webcast presentation highlighting 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.

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