Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. Management to Present Corporate Update in New York City on November 14 to Review Progress Toward $120 Million Revenue Forecast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 5, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
management has scheduled a corporate update presentation for interested
shareholders and potential investors on Friday, November 14, 2008 in New
York City. Additionally, NewMarket management is scheduled to present a
corporate update in Boca Raton, Florida, the week of November 17th. A
reservation is required to attend the presentations. Interested parties
should contact NewMarket Investor Relations at ir@newmarkettechnology.com
or 214-722-3065 to reserve a seat.
NewMarket Technology Projects and 2008 $120 Million Revenue Forecast
NewMarket has forecasted $120 million in revenue for 2008. In 2007 the
Company reported $93.1 million in revenue with $7.3 million in net income.
Some projects supporting the Company's goals include:
NewMarket Technology,
Inc. Announces $5.6 Million Contract to Provide Microsoft Managed
Services
NewMarket Technology,
Inc.'s Recently Completed CRM Implementation for L'Oreal Brazil Featured by
Oracle
Avon -- Unione and Hyperion project highlighted on Oracle.com:
http://www.oracle.com/customers/snapshots/avon-chile-hyperion-snapshot.pdf
ING Chile -- Unione and Hyperion project highlighted on Oracle.com:
http://www.oracle.com/customers/snapshots/ing-chile-hyp-snapshot.pdf
NewMarket Technology,
Inc. Contracted by Microsoft to Provide System Center Solutions for
Petrochemical Company
NewMarket Technology,
Inc. to Provide Microsoft Services for 481 Banesco Universal Bank
Branches
NewMarket Technology,
Inc. Implements Another Oracle Hyperion Planning and Financial Management
Project for Brazil Telecom S.A.
NewMarket Ranked #7 in Deloitte Texas Fast 50
Monday, the Company announced it has been named seventh in Deloitte's
prestigious Technology Fast 50 Program for Texas, a ranking of the 50
fastest growing technology, media, telecommunications, and life sciences
companies in the area by Deloitte LLP, one of the nation's leading
professional services organizations. Rankings are based on the percentage
revenue growth over five years from 2003-2007.
NewMarket CEO Philip M. Verges credits the Company's emerging market
strategy and success in building robust operations in South America and
Asia with the Company's 3,867 percent revenue growth from 2003-2007.
Companies from the regional Technology Fast 50 programs in the United
States and Canada are automatically entered in Deloitte's Technology Fast
500 program, which ranks North America's top 500 fastest growing
technology, media, telecommunications and life sciences companies. For more
information on Deloitte's Technology Fast 50 or Technology Fast 500
programs, visit www.fast50.com.
Recent Beacon Equity Research Report
In October, Beacon Equity Research released an analyst report recommending
the Company's stock as a 'Speculative Buy' at $0.54. The Beacon Equity
Research report is available at:
http://www.beaconequity.com/main/Covered-Companies/New-Market-Technology-Inc/%28showAs%29/short
Corporate 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.