SOURCE: NewMarket Technology, Inc.

NewMarket Technology, Inc.

December 28, 2010 14:10 ET

(NWMTD) NewMarket Technology, Inc. Announces Ticker Symbol Change and Upcoming On-Demand CEO Webcast

DALLAS, TX--(Marketwire - December 28, 2010) -  NewMarket Technology, Inc. (PINKSHEETS: NWMTD) (OTCQB: NWMTD) today announced a ticker symbol change effective now and a Webcast scheduled for December 30th when CEO Bruce Noller is expected to provide a review and update on NewMarket's latest business progress and plans for 2011. NewMarket has reported record growth through the third quarter of 2010 and anticipates reporting record growth through year-end. Revenue through the third quarter was approximately $85 million compared to $75 million for the same period last year. Net income through the 3rd quarter was $3.9 million compared to $2.2 million for the same period last year. NewMarket recently announced a national exchange listing strategy with details to be presented early next year. The ticker symbol change from 'NWMT' to 'NWMTD' is temporary. The Company recently executed a 1 for 200 reverse split. The ticker symbol has had a 'D' appended to the end for the next 20 business days to indicate the recent reverse split. NewMarket is a fully-reporting public company current in its required public filings.

"The post-reverse price per share was $0.16 based on the last pre-reverse price," said CEO Bruce Noller. "The processing of the new ticker symbol and reversed shares may take a few days to be reflected in all the online stock information and brokerage systems. In the meantime, there may be some confusing information on various internet sites or online brokerages. Do not hesitate to contact your broker with questions."

A link to the Webcast will be posted to the NewMarket Technology website www.newmarkettechnology.com Investor Relations page upon release. A link to the Webcast will also be emailed to the NewMarket opt-in email database upon release.

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