Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065
NewMarket Technology, Inc. Latin American YTD Financial Performance Lifts Already Higher Than Anticipated Overall Sales Performance
Company Management to Conduct Webcast Thursday, August 21, to Discuss Q2 2008 and YTD Financial Results
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 18, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
released an update on YTD revenue and net income growth for the Company's
operations in Brazil, Chile and Venezuela. The Latin American operations
have reported $12.6 million in revenue YTD with $528,600 in net income,
supporting the Company's global goal of $120 million in profitable revenue
for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3
million in net income across all its operations.
NewMarket Technology has recently announced year-to-date higher than
anticipated North American sales. The sales increase is expected to improve
revenue and profit. The Latin American operations revenue performance will
enhance the Company's overall revenue performance. The operations in Latin
America are leading Microsoft and Oracle partners in the region and have
seen substantial growth from these partnerships over the past year.
Some Recent Microsoft and Oracle Projects with Duke Energy, L'Oreal, and
More
NewMarket Technology, Inc. Announces UniOne's Oracle Hyperion
Implementation for Duke Energy Brazil
NewMarket Technology, Inc.'s Recently Completed CRM
Implementation for L'Oréal Brazil Featured by Oracle
NewMarket Technology, Inc. Reports Continued Managed Services
Strategy Success and Oracle Contract With Multi-Billion Dollar Obrascon
Huarte Lain, S.A.
NewMarket Technology, Inc. Announces 235% Increase in Annual
Microsoft Sales at Microsoft Worldwide Partner Conference in Houston,
Texas
NewMarket Technology, Inc. Announces $4 Million Contract With
Movistar, a Division of Telefonica
NewMarket Technology, Inc. Reports Strong Latin America Sales
Growth, Announcing Contract With $10 Billion Anglo American to Implement
Oracle Hyperion Planning
Earnings Webcast Thursday, August 21, 2008 at 4:15 PM EDT
NewMarket management will conduct an audio Webcast on Thursday, August 21,
2008 at 4:15 p.m. EDT to discuss the Company's year-to-date growth and
outlook for the remainder of 2008.
A link to the Webcast will be available prior to the call on NewMarket's
corporate Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm.
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.