Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com http://www.newmarkettechnology.com
NewMarket Technology, Inc. Ticker Symbol Changes to NMKT Accurately Reflecting Sustained SEC Compliance With Possible Favorable Share Price Impact
Company Schedules Webcast Tomorrow to Review Further Details
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 7, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
today announced the Company's recent ticker symbol change to 'NMKT.'
Previous Ticker Symbol - 'NMKTE'
On August 28th, the Company filed SEC Form 8-K disclosing the details
regarding a ticker symbol change to 'NMKTE.' Monday, October 6, the symbol
was changed back to 'NMKT' accurately reflecting the Company's sustained
SEC compliance.
Current Ticker Symbol - 'NMKT'
The Company expects to file another SEC Form 8-K disclosing the details
regarding the symbol change to 'NMKT.'
Ticker Symbol Change with Possible Favorable Share Price Impact
Management believes that the conditions surrounding the ticker symbol
change to NMKT could possibly be favorable. Management believes the
overall changes surrounding the ticker symbol change will reduce "short"
selling and may reflect more accurately the real buying and selling
transactions, as opposed to transactions possibly distorted by "short"
sales. The SEC Form 8-K expected to be filed will include further details.
CEO Webcast Wednesday October 8 - 12:30 EST
The Company has scheduled a Webcast at 12:30 tomorrow to provide further
details surrounding the ticker symbol change and further actions the
Company anticipates undertaking in follow up to the ticker symbol change. A
link to the Webcast will be available on the Company's corporate Website
Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm titled "NewMarket
Technology Corporate Update" under "Current Events and Communications."
To View a Current NewMarket Stock Price or Execute a Trade
To view a current price or execute a trade using Internet software (i.e.
Yahoo!, Google, E*TRADE, or Quotestream), the new ticker symbol 'NMKT' will
have to be entered. Entering 'NMKTE' instead of 'NMKT' will deliver
unpredictable results depending on the specific Internet software.
NewMarket to Remain Fully Compliant with SEC Reporting Regulations
NewMarket is a fully reporting company in accordance with the periodic
financial reporting requirements of the United States Securities and
Exchange Commission (SEC). The Company's filings are available free of
charge at www.sec.gov. The Company is committed to ongoing full financial
reporting both for the sake of transparency, but also in a continuing
effort to graduate to a national exchange.
Corporate Information and E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company
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.