DALLAS, TX--(Marketwire - July 26, 2010) - NewMarket Technology, Inc. (
NewMarket recently reported its highest revenue level ever for a first fiscal quarter with $25 million in profitable revenue and reported over $98 million in profitable revenue for 2009. Historically, the first quarter is NewMarket's slowest seasonal period. Sales typically increase each subsequent quarter throughout the fiscal year.
NewMarket provides systems integration services primarily within emerging markets, to include technology reseller, customization, integration, outsourcing and support services, in China, Southeast Asia, Latin America and North America. Additionally, NewMarket is currently expanding its business services into the growing markets of East Africa.
The interview is available at www.wallstreetreporter.com, or directly via this link: http://www.wallstreetreporter.com/2010/07/newmarket-technologies-otc-nwmt-ceo-interview/
CEO Webcast Tomorrow
CEO Bruce Noller is scheduled to conduct a Webcast presentation tomorrow, July 27th, to review the Company's year-to-date progress toward achieving its $150 million revenue forecast. The presentation is scheduled to be posted to the corporate website www.newmarkettechnology.com upon release.
PER Independent Analyst Research Report Update
Prime Equity Research (PER) recently issued an update to its one-year research coverage on the Company, giving NewMarket a 'Speculative Buy' Rating with a price target at $0.27 per share. The report reviews the Company's 2009 and first quarter 2010 results and provides an update on the Company's Greenfield Program, Project 510 as well as its expansion plans into the emerging markets of India and Southeast Asia, in particular Vietnam.
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