DALLAS, TX--(Marketwire - July 20, 2010) - NewMarket Technology, Inc. (
"Good intentions and honest objectives are the best investment criteria when it comes to early stage companies quoted on the over-the-counter market," said Philip Verges, NewMarket Founder and Chairman in a comment summing up his detailed Webcast released yesterday. "I hope NewMarket shareholders and interested investors as well as those interested in the NewMarket Greenfield program can find 20 minutes to listen to my Webcast. I recently had an insightful shareholder meeting that I highlight in the Webcast as part of the presentation on my perspective of the recent analyst report 'speculative buy' rating. The over-the-counter market has a number of sometimes confusing complexities, but the best guidance I believe through all the complexity is to pursue investment opportunities founded on good intentions and honest objectives."
Last week, NewMarket received an independent analyst research update report that rated NewMarket a 'Speculative Buy' with at $0.27 target price per share. The Founder Webcast discusses the updated report, the analyst's updated target price per share, and the corresponding updated target market cap value that represents a 47% increase over the analyst's previous market cap target value. The Webcast goes on to review the report within the framework of the over-the-counter market and discusses recent shareholder feedback received by the Company. In addition to providing a review of the independent analyst research update, the Founder Webcast gives an overview of the Company's participation in last week's Microsoft World Partner Conference held last week in Washington, D.C. (http://digitalwpc.com/). NewMarket is a global emerging market systems integration firm with an approximate $100 million in annual revenue, and a number of the Company's subsidiaries located in various world regions are Microsoft partners.
PER Independent Analyst Research Report Update
The independent analyst with Prime Equity Research is a CFA® (Chartered Financial Analyst®) charterholder. The analyst has previously conducted research for a number of Western European and North American financial institutions, including Janney Montgomery Scott. NewMarket engaged the analyst and paid for the services prior to any recommendation rating or price target to ensure objective research.
To review a copy of the initial report or the update, please visit the NewMarket corporate website under Investor Relations at www.newmarkettechnology.com or the Prime Equity Research website at www.primeequityresearch.com.
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at www.newmarkettechnology.com. Recipients can manage their own email contact profile and safely unsubscribe at any time.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
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. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
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 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.
Contact Information:
Contact:
NewMarket Technology, Inc.
Investor Relations
ir@newmarkettechnology.com
214-722-3065