Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. Issues Update on 3rd Quarter Growth, Yahoo! Message Board and Deloitte Technology Fast 500
Management to Present Corporate Update in New York City on November 14 to Review Progress Toward $120 Million Revenue Forecast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 11, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
today released an update on the Company's third quarter growth, the Yahoo!
message board and NewMarket's ranking in the Deloitte Technology Fast 500.
Anticipated Revenue and Net Income Increases and Earnings Webcast Scheduled
for November 21
The Company's third quarter financial results are planned for release
shortly, within SEC reporting guidelines. While the third quarter
financial report is not yet finalized, management anticipates that the
report should reflect the Company's continued revenue and net income
growth, reporting increases compared to the same period in the previous
year. Management is scheduled to conduct a Webcast on Friday, November
21, 2008 at 12:00pm EST to review the third quarter and year-to-date (YTD)
earnings results. During the Webcast NewMarket management will review the
Company's third quarter SEC financial filings and continued progress
towards the Company's $120 million 2008 revenue goal. In 2007, NewMarket
reported $93.1 million in revenue and $7.3 million in net income.
A link to the Webcast will be available prior to the event on the Company's
corporate Website Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm under "Current Events
and Communications."
Ongoing Award Winning Growth
NewMarket has been recognized for the Company's sustained growth over the
past four years in its national ranking on the Deloitte Technology Fast
500. The Company has ranked in the top 25 fastest growing technology
companies in North America for the three previous years, with this year's
results to be released later this month. NewMarket was recently recognized
by Deloitte in their Technology Fast 50 Program for Texas, a ranking of the
50 fastest growing technology, media, telecommunications, and life sciences
companies in the area. NewMarket's increase in revenues of 3,867 percent
from 2003 to 2007 resulted in a seventh place ranking in the Technology
Fast 50 for Texas, placing the Company in the top 10 fastest growing
technology companies on the Technology Fast 50 for Texas for the fourth
year in a row. For more information on Deloitte's Technology Fast 50 or
Technology Fast 500 programs, visit www.fast50.com.
Yahoo! Message Board
Yahoo! provides a message board service for shareholders and other parties
to post comments regarding some publicly listed companies. The service is
at Yahoo!'s discretion and the Company does not ask for or pay for this
service. The message boards are not recognized by any regulatory agency as
a source of disclosure regarding a company's operations and the Company
does not participate in the message board. Furthermore, the information
posted on the boards is not monitored for accuracy and Yahoo! does not take
responsibility for the information posted on the message boards. Yahoo!
has in the past had a message board for users to post regarding NewMarket.
The message board was recently removed. Yahoo! did not consult with
NewMarket as to the original set up of the board, nor has Yahoo! consulted
with NewMarket on the removal of the board. The Company knows of no reason
why Yahoo! would have decided to set up the board, nor does the Company
know of any reason why the board was removed. The Company has inquired
with Yahoo! so that some explanation might in turn be made available to
users interested in a NewMarket message board, but Yahoo! has not as of yet
responded.
Upcoming Management Presentations
Management has scheduled a corporate update presentation for interested
shareholders and potential investors on Friday, November 14, 2008 in New
York City. Additionally, NewMarket management is scheduled to present a
corporate update in Boca Raton, Florida. A reservation is required to
attend the presentations. Interested parties should contact NewMarket
Investor Relations at ir@newmarkettechnology.com or 214-722-3065 to reserve
a seat.
Corporate Information and E-mail Updates
To find out more about NewMarket Technology or to be added to NewMarket
Technology's e-mail database to receive company updates, 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.