SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

February 23, 2011 09:30 ET

(NWMT) NewMarket Presents on Bimonthly PPS Increase Tendency and Discusses Price per Share Potential Increase in Response to Short Sales Resulting in Reg. SHO Listing

DALLAS, TX--(Marketwire - February 23, 2011) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today announced that the Company remains listed on the Regulation SHO "threshold security" list as of February 22, 2011 (link: http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold). Management anticipates a possible buy-in that could result in an increased share price.

Bimonthly PPS Increase Tendency Beginning and End of Each Month

The NewMarket Greenfield Partnership Program released an on-demand Webcast titled "OTC Investment Strategy Tutorial" last week (http://tinyurl.com/OTCTUTORIAL). The Webcast is intended for both novice and advanced OTC investors, as well as entrepreneurs seeking growth capital from the OTC Private Investment in Public Equity (PIPE) market. The one hour presentation (which has a fast forward function) includes an overview of a recurring price per share tendency that occurs twice monthly around the same period as the twice monthly reporting schedule for short positions (http://www.finra.org/Industry/Compliance/RegulatoryFilings/P117123).

Regulation SHO "Threshold Security"

As defined in Rule 203(c)(6) of Regulation SHO, a "threshold security" is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

  • There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
  • The level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding; and
  • The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a "threshold security" if it does not exceed the specified level of fails for five consecutive settlement days.

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About NewMarket Greenfield Partnership Program
NewMarket launched the Greenfield Program last year to facilitate the start-up and early stage development of high-growth potential businesses. The Greenfield Program concentrates on early stage, rapid growth opportunities in the world's emerging markets, with program participants in China, Southeast Asia, South and Central America and East Africa, in addition to a handful of program participants in North America.

Follow the Greenfield Partnership Program on Facebook at: http://tinyurl.com/greenfieldpp and on Twitter at http://twitter.com/greenfieldpp.

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