SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

November 24, 2010 09:36 ET

(NWMT) NewMarket CEO Anticipates Record Annual Revenue and Net Income in 2010 Beating $98 Million Revenue Record Achieved Last Year

DALLAS, TX--(Marketwire - November 24, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) has released an exclusive on-demand Webcast reviewing the Company's performance through the first three quarters of 2010. The performance review was conducted by Chief Executive Officer, Bruce Noller. NewMarket is a fully-reporting public company with published financial statements. The Company recently published its financial results through September 30th, 2010. Revenue through September 30th increased more than 10% to $85 million compared to $75 million for the same period last year. The Company also realized a better than 75% increase in net income reporting more than $3.9 million in net income compared to $2.2 million for the same period last year.

Mr. Noller's Webcast presentation includes a review of the Company's progress toward increasing its percentage of sales resulting from recurring revenue. He also presents an overview of the Company's achievements in increasing income from operations.

Mr. Noller is joined on the Webcast by Chairman and Founder Philip Verges who provides a year-to-date update on the Greenfield Partnership Program and highlights notable corporate achievements in 2010. The year-to-date update features NewMarket's planned expansion into India and Greenfield collaborative project efforts between Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE), China Crescent Enterprises, Inc. (OTCBB: CCTR), and NuMobile, Inc. (OTCBB: NUBL).

The Webcast, titled "NewMarket Third Quarter Review & YTD Webcast," is available for on-demand viewing on NewMarket's corporate website www.newmarkettechnology.com or directly at http://tinyurl.com/Q3Webcast.

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