Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Announces Mobile Computing Solution Anticipated to Increase Current $100 Million in Profitable Annualized Revenue and Raise 2008 Forecast
Mobile Computing Solution Adds to Existing NewMarket Emerging Technology Product Line Currently Including VoIP, Broadband Wireless and Network Security Solutions
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 28, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced adding a Mobile Computing Solution, to include mobile software,
mobile security and mobile access, to its current portfolio of emerging
technology products and services. The Company launched efforts to build a
Mobile Computing Solution offering in the third quarter of 2007. The
Company anticipates $20 million in sales in 2008 resulting from its new
Mobile Computing Solution offering. The increased sales from the Mobile
Computing Solution are anticipated to push NewMarket's revenue past the
current $100 million in annualized sales mark. NewMarket has recently
released a forecast for 20% organic revenue growth in 2008 over 2007, which
did not include the anticipated growth from Mobile Computing Solutions.
Mobile Computing Industry Opportunity in Emerging Economies
The Mobile Computing Industry includes mobile application and security
software used on devices such as handheld computers, PDAs, smartphones and
cell phones. The demand for mobile software applications is being driven
in large part by the growing penetration of mobile phone sales into
emerging economies that currently do not have substantial access to the
Internet via desktop computing. According to IDC, the worldwide mobile
phone market reached a new milestone at the close of 2006 with more than
one billion units shipped worldwide over the year.
"Emerging markets contributed to the high volume sales," said Ramon Llamas,
a research analyst in IDC's Mobile Technology and Tracking team. "It was
not long ago that shipments into mature markets, including Japan, North
America and Western Europe, consumed the majority of devices shipped
worldwide. More recently, however, device shipments into emerging
economies in Asia/Pacific, Central and Eastern Europe, the Middle East,
Africa and Latin America have surpassed shipments to mature markets, and
the difference between the two continues to grow."
IDC expects this trend to continue as mature markets reach saturation, and
as emerging markets with much lower "teledensity" provide opportunities for
handset vendors to attract first-time users.
"In addition, the time to set up a mobile network is much shorter and less
expensive than the time to set up a landline network, propelling cell phone
shipments further," said Llamas. "Finally, mobile phones are seen as both
a practical necessity and a status symbol in many emerging markets."
The information above was found in IT Week. The entire article is
available at:
http://www.itweek.co.uk/vnunet/news/2173516/billion-mobile-phones-shipped
NewMarket's Mobile Computing Solution Offering
NewMarket's Mobile Computing Solution offering will include both
infrastructure solutions and applications for provisioning and managing
users accessing mobile solutions in addition to a number of various
industry specific mobile applications such as online banking. NewMarket's
initial Mobile Computing Solution offering is being assembled by the
acquisition of three innovative mobile software companies. NewMarket will
be releasing more details on its Mobile Computing Solution and the three
companies being acquired. NewMarket's Mobile Computing Solution offering
will take advantage of the Company's existing emerging economy distribution
channels in South America, China and South East Asia.
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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 integration and maintenance
services to support the prevailing industry standard solutions such as
Microsoft, 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. In 2006, the Company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
"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.