Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Preview 2008 Annual Financial Report With Anticipated Record Revenue and Improved Operating Margins in Webcast Friday, March 27th
Webcast to Include a Review of Measures Being Taken in Reaction to the Prevailing Economic Environment and New Opportunities Being Pursued
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - March 23, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
today announced a webcast scheduled Friday, March 27, 2009 to preview the
upcoming 2008 financial report due March 31st, 2009. Management
anticipates reporting record revenue for 2008. In 2007, the Company
reported its highest sales ever with $93.1 million in revenue and $7.3
million in net income. As an indicator of the upcoming 2008 annual report,
the Company's revenue for the trailing twelve months as of September 31,
2008 exceeded $100 million. Management also anticipates that the 2008
annual report will demonstrate ongoing operating margin improvements.
While the Company's sales continue to grow, management remains cautious of
possible impacts that might result from the prevailing economic
environment. In the webcast, management plans to specifically address
measures being taken in reaction to the prevailing economic environment.
Management also anticipates the prevailing economic environment to present
new opportunities. In the Friday webcast, management will specifically
address opportunities being pursued.
Corporate E-mail Updates
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updates or to obtain more information on the Company, please send an e-mail
to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, 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 One in Texas, Number Three in the United States and
Number Five in North America 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.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.