Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. Releases Information on the Recent FINRA Limit Order Protection Rule
| Quelle: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 8, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
management was invited to participate in a Webinar for OTC issuers on
December 10, 2008 that discussed in detail the changes surrounding the new
FINRA Limit Order Protection rule put into place on November 11, 2008. The
new rule, meant to increase transparency and improve market efficiency and
the quality of executions for investors, states that broker-dealers that
handle customer limit orders in OTC equities, which includes any OTCBB or
Pink Sheet quoted equities, whether received from their own customers or
from another member firm, cannot trade ahead of customer limit orders. This
means that a firm cannot trade for its own account at a price equal to or
better than a customer limit order without also executing the customer
order. This is considered to be one of the most significant regulatory
safeguards for investors of the OTC market. Per the Webinar, investors are
encouraged to use Limit Orders when trading any OTC equities so that they
can monitor their trades in a stock using real-time quotation systems and
receive better trade executions.
For more detailed information about the Limit Order Protection rule change,
please visit:
Information on the rule from FINRA:
http://www.finra.org/web/groups/industry/@ip/@reg/@rulfil/documents/rulefilings/p038831.pdf.
December 10, 2008 Webinar discussing the rule:
http://www.pinksheets.com/pink/pinkNews.jsp?id=115.
Corporate E-mail Updates
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updates or to obtain more information on the Company, please send an e-mail
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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.