Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Present Dividend Plan Thursday, September 17, 2009
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 10, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced an on-demand Webcast scheduled for Thursday, September 17,
2009 to present the Company's plan to align share price and fundamental
financial performance. Management believes the Company is currently
undervalued and has previously announced a near-term goal to realize a
suggested fair value target price per share of $1.00 and as high as $2.50.
Since 2002, when the Company listed publicly through a reverse merger,
NewMarket operations have expanded from reporting approximately $1 million
in annual revenue to over $95 million in revenue in 2008. The Company has
reported over $43 million in profitable revenue for the first six months of
2009 and historically reports increased revenues in the second half of the
year. While listed on the OTC Pinksheets, the Company does file audited
financial reports and other informational filings with the SEC. NewMarket
has recently recapitalized in conjunction with a plan to align share price
and fundamental financial performance. In the Webcast next Thursday, the
Company plans to present an overview of the comprehensive plan to
facilitate a potential share price increase. The plan includes an upgraded
listing and a dividend intended to provide shareholders with a return on
investment opportunity from the Company's business development initiatives
in China.
NewMarket's planed dividend requires a number of steps subject to review
and approval by the SEC, including a registration statement. The Company
plans to initiate necessary steps and public filings within the current
calendar month. However, unforeseen events in the process to issue a
dividend, to include events outside the Company's control, could result in
unexpected delays in the issue of the dividend or the planned dividend not
being issued at all.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. 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. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
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 has 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.