DALLAS, TX--(Marketwire - January 13, 2011) - NewMarket Technology, Inc. (
"We have laid a foundation for a breakthrough year in 2011," said CEO Bruce Noller, commenting on NewMarket's 2010 record financial performance. "Our last published financial report through the third quarter of 2010 reflects a revenue pace that stands to break NewMarket through the $100 million annual revenue objective the Company has been pushing to exceed for the past three years. The strategy to move NewMarket's incubation business outside the Company, improving our operational concentration on the core systems integration business, has clearly paid off. After two previous attempts in years past to upgrade the Company's listing to a national exchange and a long-term objective to create dividend opportunities for shareholders, I am confident the Company's NYSE Euronext and dividend strategy will succeed in 2011. One might say 'three times a charm' to characterize the Company's prospects for success on our attempt to achieve a national exchange listing. I would otherwise point to the Company's hard earned experience and relentless dedication."
Bruce Noller was installed as the CEO of NewMarket Technology one year ago to lead NewMarket's transition from an entrepreneurial technology start-up into a national exchange listed emerging market systems integrator with a plan to build the Company to $500 million in annual revenue.
2011 Systems Integration Continued Growth and PPS Appreciation Plan
Last week, NewMarket released a Webcast featuring its 2011 strategy to concentrate resources on the continued rapid expansion of its systems integration business and implement a plan to enable long-term price per share appreciation in conjunction with fundamental financial performance.
The Webcast is available on the NewMarket website at www.newmarkettechnology.com or directly at http://tinyurl.com/NWMT1611.
Recent CEO On-Demand Webcast Featuring $100 Million Breakthrough Potential
CEO Bruce Noller recently reviewed the Company's 2010 operational performance and highlights of its 2011 business plan. NewMarket anticipates reporting well over $100 million in revenue with a respectable bottom line in 2010. Revenue through the third quarter of 2010 was approximately $85 million compared to $75 million for the same period last year. Net income through the third quarter of 2010 was $3.9 million compared to $2.2 million for the same period in 2009.
The CEO Webcast can be found at the NewMarket website www.newmarkettechnology.com or directly at http://tinyurl.com/endofyear2010.
Temporary Ticker Symbol Change From 'NWMT' to 'NWMTD'
The NewMarket ticker symbol has been temporarily changed to 'NWMTD.' NewMarket is a fully-reporting public company current in its required public filings. The Company recently executed a 1 for 200 reverse split and the ticker symbol has had a 'D' appended to the end for 20 business days beginning December 27th to indicate the recent reverse split. The symbol is expected to revert back to 'NWMT' the week of January 24th upon completion of the 20 business day period.
2011 Greenfield Partnership Program Videocast
NewMarket previously scheduled a 2011 Greenfield Partnership Program to be released this Friday, January 14th. Due to scheduling conflicts, the videocast will be released next week and a link will be posted to the Company's corporate website Investor Relations page at www.newmarkettechnology.com upon release and a link will be emailed to the corporate opt-in email database. Recent Webcasts and other communications are also available for review on the NewMarket Investor Relations webpage.
The Greenfield Partnership Program was launched more than a year ago to support entrepreneurial, high growth companies in achieving their operational and business objectives. The program has expanded to include eight public and private companies so far and anticipates an even more rapid expansion of member companies in 2011. The Greenfield Partnership Program has been instrumental in assisting member companies with fundraising and market penetration. The videocast will highlight the current and anticipated future benefits of the Greenfield Partnership Program to member companies and their shareholders.
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at www.newmarkettechnology.com. Recipients can manage their own email contact profile and safely unsubscribe at any time.
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
214-722-3065