Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Ranked 21st Fastest Growing Company in North America on Deloitte's 2007 Technology Fast 500
Attributes Its 7,996 Percent Revenue Growth to Its Emerging Market Concentration in China and Brazil
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 23, 2007) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced that it ranked Number Twenty-One on Deloitte's 2007 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 of fiscal year revenue growth over five years, from
2002-2006. NewMarket Technology grew 7,996 percent during this period.
NewMarket Technology's CEO, Philip M. Verges, credits the rapid growth to
the Company's emerging market concentration that delivered over 50% of the
$77.6 million revenue in 2006. NewMarket's emerging market concentration
to date has been centered in Brazil and China. NewMarket Technology has
two regional subsidiaries focused on these emerging markets, NewMarket
Latin America, Inc. (PINKSHEETS : NLAI ) and NewMarket China, Inc. (OTCBB : NMCH ).
"To rank on Deloitte's Technology Fast 500, companies must achieve
phenomenal revenue growth over five years," said Phil Asmundson, vice
chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche
USA LLP. "We applaud NewMarket Technology for being among the fastest
growing companies in North America."
Deloitte also noted that NewMarket Technology was one of the five of last
year's Top 10 companies to make the list again this year, highlighting that
the company has maintained rapid growth enabling it to remain on the Fast
500 list.
Overall, companies that ranked on the 2007 Technology Fast 500 had growth
rates ranging from 253 to 79,060 percent over five years, with an average
growth rate of 1,823 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media,
telecommunications and life sciences companies in North America. It is
compiled from Deloitte's 16 regional North American Fast 50 programs,
nominations submitted directly to the Fast 500, and public company database
research. Companies are selected based on percentage revenue growth from
2002 to 2006.
Entrants must own proprietary intellectual property or proprietary
technology that contributes to a significant portion of the company's
operating revenues or devote a significant proportion of revenues to
research and development of technology. Using other companies' technology
or intellectual property in a unique way does not qualify. Base-year
operating revenues must be at least $50,000 USD or $75,000 CD, and
current-year operating revenues must be at least $5 million USD or CD.
Companies must be in business a minimum of five years, and they must be
headquartered within North America.
Tech Titans and the Deloitte Technology Fast 50 for Texas
In September, NewMarket was named the fastest growing technology company in
the Dallas-Fort Worth (DFW) area for the second year in a row on the
Metroplex Technology Business Council's (MTBC) Tech Titan Fast 50, compiled
by Deloitte. Earlier this month, NewMarket ranked the number three fastest
growing company in Texas on the Deloitte Technology Fast 50 Program for
Texas.
Last year, NewMarket ranked number one in Texas 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 for the 2006 Fast 500 are based on
percentage revenue growth over five years, from 2001-2005.
NewMarket 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. For the first two quarters of 2007, NewMarket has reported revenue
of $40 million.
For more information on Deloitte's Technology Fast 50 or Technology Fast
500 programs, visit www.fast500.com.
To be added to NewMarket Technology's e-mail database for shareholders and
interested investors, please send an e-mail to ir@newmarkettechnology.com.
About Deloitte (www.deloitte.com)
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein,
its member firms, and their respective subsidiaries and affiliates.
Deloitte Touche Tohmatsu is an organization of member firms around the
world devoted to excellence in providing professional services and advice,
focused on client service through a global strategy executed locally in
nearly 140 countries. With access to the deep intellectual capital of
approximately 150,000 people worldwide, Deloitte delivers services in four
professional areas--audit, tax, consulting, and financial advisory services
-- and serves more than 80 percent of the world's largest companies, as
well as large national enterprises, public institutions, locally important
clients, and successful, fast-growing global companies. Services are not
provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and
other reasons, certain member firms do not provide services in all four
professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any
of its member firms has any liability for each other's acts or omissions.
Each of the member firms is a separate and independent legal entity
operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche
Tohmatsu," or other related names.
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 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 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. In 2006, the company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
"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.