SOURCE: NewMarket Technology, Inc.

September 07, 2007 10:09 ET

Texas-Based NewMarket Technology, Inc. Announces Another Municipal Contract and Recognition by Greater Dallas Chamber of Commerce

RedMoon Subsidiary Signs Security Contract With City of Southlake, Texas; NewMarket Recognized as Finalist for International Business Achievement Award

DALLAS, TX--(Marketwire - September 7, 2007) - NewMarket Technology, Inc. (OTCBB: NMKT) and subsidiary RedMoon, Inc. (RedMoon Broadband) today announced a contract with the City of Southlake, Texas, to purchase, deliver, and install a 80gHz wireless municipal security video monitoring and archival system. RedMoon Broadband was selected because the company is a state-approved provider and a leader in providing wireless solutions throughout the State of Texas. RedMoon Broadband is central to NewMarket's overall strategy to rapidly establish $10 million in profitable annual revenue from its broadband subsidiary, NewMarket Broadband.

"We are very excited to work with RedMoon Broadband on this project," said Wade Goolsby, Chief of Police for Southlake. "The Town Square area of Southlake is a truly unique area with retail shops, restaurants, a movie theatre, hotel, and residences. The Wi-Fi surveillance camera system will allow us to monitor activities and utilize police officers more efficiently in this area. By being proactive and installing this security camera system, we hope to deter possible criminal activity and maintain a safe environment."

Texas-based RedMoon Broadband is a leader in municipal Wi-Fi and has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities throughout Texas.

NewMarket Technology in Emerging Markets

Separately, RedMoon Broadband and NewMarket are exploring municipal Wi-Fi opportunities internationally as part of the NewMarket business plan to bring emerging technology to emerging global markets. Recently, NewMarket Technology and RedMoon Broadband announced the signing of a non-binding letter of intent to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico. Additionally, RedMoon Broadband recently attended a NewMarket Trade Mission to Brazil to explore municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital, Brasilia. Brazil's telecom regulator, Anatel, recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access. Jointly, NewMarket and RedMoon are exploring Wi-Fi and other wireless broadband opportunities in additional high-growth emerging markets, such as Africa and Malta.

NewMarket Technology Recognized for Second Year for International Growth

NewMarket Technology, Inc. has been recognized for the second year in a row as a finalist for the Greater Dallas Chamber International Business Achievement Awards. NewMarket, a finalist in the Small to Mid-Size Business category will be recognized at a luncheon next week, highlighting the company's rapid growth and international expansion. The Company's "Customer First" philosophy has resulted in rapid annual revenue growth from approximately $1 million in 2002 to $77.6 million in 2006 with net income of $5.8 million. NewMarket ranked fifth on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.

To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to

About RedMoon Broadband (

RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon's networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.

RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.

RedMoon holds a DIR Commodity Purchasing Program Contract (No. DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.

About NewMarket Technology, Inc. (

NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions.

NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.

NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.


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.

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