Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. on Track to Meet $120 Million 2008 Revenue Forecast and Anticipates Continued Revenue and Margin Growth Reflecting Morgan Stanley $21.7 Trillion Emerging Market Forecast
Company Vcall Scheduled for Today at 4:15 PM EDT to Discuss YTD Sales
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 7, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced anticipated continued revenue and margin growth beyond 2008,
reflecting Morgan Stanley's robust Emerging Market Infrastructure Report.
The Company has forecasted profitable growth to $120 million in 2008 after
reporting $93.1 million in revenue 2007 with $7.3 million in net income.
Today, the Company is a U.S. corporation deriving approximately 70% of its
revenue from providing Information Technology infrastructure and services
in emerging markets and developing economic regions to include South
America, Southeast Asia and China. The Company has also developed and
continues to grow a line of proprietary next generation emerging
technologies to differentiate itself from other Information Technology
infrastructure providers.
Morgan Stanley Emerging Market Infrastructure Report
The recent Morgan Stanley report forecasts $21.7 Trillion in infrastructure
spending over the next 10 years in emerging markets. The report discusses
the "boom in infrastructure" in emerging markets stating, "In power and
water, property, ports and airports and beyond, emerging markets
governments and private sector players are deploying unprecedented amounts
of capital to upgrade the emerging world." The Morgan Stanley Report is
available in its entirety at:
http://www.morganstanley.com/views/perspectives/files/infrastructure_paper4.pdf
Today's Vcall on YTD Sales Toward $120 Million 2008 Forecast
NewMarket Management has scheduled a Vcall Webcast for today at 4:15 pm EDT
to review the Company's year-to-date sales track record to meet or exceed
$120 million in profitable revenue for fiscal year 2008. A link to the
Webcast will be available prior to the event on the Company's corporate
Website Investor Relations page
(http://www.newmarkettechnology.com/investor-relations.htm) under "Current
Events and Communications" or by going to
http://www.investorcalendar.com/IC/CEPage.asp?ID=132965.
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.