DALLAS, TX--(Marketwire - July 14, 2010) - NewMarket Technology, Inc. (
NewMarket is a value-added reseller (VAR) and systems integrator with approximately $100 million in annual sales from its global emerging market operations. Named to the prestigious VAR500 list, NewMarket placed number 265 in the 16th annual ranking (VAR500 news: http://www.marketwire.com/press-release/NWMT-NewMarket-Technology-Inc-Ranked-Among-North-Americas-Top-500-Technology-Integrators-1268035.htm)
The update issued today provides a review of Company progress since PER initiated research coverage on the Company. The report gives NewMarket a 'Speculative Buy' Rating with a price target at $0.27 per share and goes on to also provide an update on the Company's Greenfield Program and Project 510 as well as its expansion plans into the emerging markets of India and Southeast Asia, in particular Vietnam.
Emerging Market Investment Program for Entrepreneurial Businesses and Start-up Ventures That Profitably Combats Poverty
Yesterday, NewMarket released an on-demand Webcast presentation hosted by Company Founder, Philip Verges, to discuss NewMarket's Greenfield Partnership Program. The Greenfield Program was introduced by NewMarket last year to assist entrepreneurial businesses and start-up ventures located in the world's emerging markets with hard-to-access early stage investment capital. NewMarket is an emerging market systems integration firm with an approximate $100 million in annual revenue, and the Greenfield Program was developed to both enhance the Company's growth potential while at the same time making a contribution to reducing poverty in global emerging markets. With the world's emerging market opportunities being located largely in regions of the world that also face extreme poverty issues, the Greenfield Program has been founded on a belief that a sustainable initiative to reduce poverty must be constructed on a process that produces a profit. Philip Verges' 20 minute presentation begins with an overview of the program's philosophy to economically support the global opportunity to enjoy life, liberty and the pursuit of happiness. Mr. Verges goes on to explain the Company's approach to utilize existing institutions, particularly the over-the-counter public market, within the program's strategy. The Webcast presentation includes examples of NewMarket's Greenfield Partnership Program progress.
The NewMarket Webcast has been timed in conjunction with the Company's participation in the Microsoft World Partner Conference (http://digitalwpc.com/) being held this week in Washington, D.C. July 11-15. Bill Clinton, the 42nd President of the United States of America, is scheduled to speak at the Conference today on "Embracing our Common Humanity."
A link to the NewMarket Webcast is available on the corporate website www.newmarkettechnology.com or directly here: http://www.newmarkettechnology.com/wcgf_20100712.htm.
PER Independent Analyst Research Report Update
The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. NewMarket engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
To review a copy of the initial report or the update issued today, please visit the NewMarket corporate website under Investor Relations at www.newmarkettechnology.com or the Prime Equity Research website at www.primeequityresearch.com.
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 Technology, Inc. (www.newmarkettechnology.com)
NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies 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, 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.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, 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
ir@newmarkettechnology.com
214-722-3065