DALLAS, TX--(Marketwire - December 30, 2010) - NewMarket Technology, Inc. (
$100 Million Revenue Breakthrough and Healthy Profit in 2011
NewMarket has been pushing up against a $100 million annual revenue milestone for the last three years, and after Bruce Noller's first year at the helm as CEO, NewMarket anticipates reporting well over $100 million with a respectable bottom line in 2010. Revenue through the third quarter of 2010 was approximately $85 million compared to $75 million for the same period last year. Net income through the third quarter 2010 was $3.9 million compared to $2.2 million for the same period in 2009.
Temporary Ticker Symbol Change From 'NWMT' to 'NWMTD'
The NewMarket ticker symbol has been temporarily changed to 'NWMTD.' NewMarket is a fully-reporting public company current in its required public filings. The Company recently executed a 1 for 200 reverse split. The ticker symbol has had a 'D' appended to the end for 20 business days to indicate the recent reverse split. Below is an excerpt from Mr. Noller's presentation today:
"...we have a plan to head to a New York Stock Exchange or Nasdaq... In the meantime, go and take a listen to our recent 'OTC (BB) Factor' presentation... It's a compilation of our founder's lessons learned in regard to OTC investing and worth your time to hear if you are someone looking for a return on an OTC investment."
The OTC (BB) Factor Presentation can be found at http://tinyurl.com/OTCBBFACTOR and is also available at www.newmarkettechnology.com.
Euronext New York Stock Exchange and Dividend Strategy
Mr. Noller highlights the Company's 2011 plans for a national exchange listing and dividends:
"... we plan to move China Crescent's and NewMarket's other systems integration operations on to the Euronext New York Stock Exchange platform and at the same time, execute a spinoff distribution of China Crescent's non-systems integration operations.
"NewMarket founders and management have not at all moved away from the idea of creating dividend opportunities for long-term shareholders, but otherwise improved the Company's potential to deliver on the dividend vision."
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, 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.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to 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
214-722-3065