Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. Ranked Number Three in Deloitte's Technology Fast 50 Program for Texas
Attributes Global Emerging Markets to Its 7,996% Revenue Growth
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 15, 2007) - NewMarket Technology, Inc. (OTCBB : NMKT ) has
been named to Deloitte's prestigious Technology Fast 50 Program for Texas,
a ranking of the 50 fastest growing technology, media, telecommunications,
and life sciences companies in the area by Deloitte & Touche USA LLP, one
of the nation's leading professional services organizations. Rankings are
based on the percentage revenue growth over five years from 2002-2006.
This year's Texas Technology Fast 50 program is co-presented by Deloitte &
Touche USA LLP, CresaPartners, Gardere Wynne Sewell LLP, HumCap, NASDAQ and
America's 401(k).
"Deloitte's Texas Technology Fast 50 companies have shown the strength,
vision and tenacity to succeed in today's very competitive technology
environment," said Skip Moore, Deloitte & Touche LLP, Managing Partner,
Technology, Media & Telecommunications. "We applaud the successes of
NewMarket Technology and acknowledge it as one of the very few to
accomplish such a fast growth rate over the past five years."
NewMarket Technology's increase in revenues of 7,996 percent from 2002 to
2006 resulted in a number three ranking in the Technology Fast 50 for
Texas. The average increase in revenues among companies who made the
Technology Fast 50 for Texas was 1,766 percent.
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be
headquartered in North America, and be a company that owns proprietary
technology or proprietary intellectual property that contributes to a
significant portion of the company's operating revenues; or devotes a
significant proportion of revenues to the research and development of
technology. Using other companies' technology or intellectual property in
a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United
States and Canada are automatically entered in Deloitte's Technology Fast
500 program, which ranks North America's top 500 fastest growing
technology, media, telecommunications and life sciences companies. For
more information on Deloitte's Technology Fast 50 or Technology Fast 500
programs, visit www.fast500.com.
Tech Titans and the Deloitte Technology Fast 500
NewMarket will now advance to the Deloitte Technology Fast 500 award for
North America. In September, NewMarket was named the fastest growing
technology company in the Dallas-Fort Worth (DFW) area for the second year
in a row on the Metroplex Technology Business Council's (MTBC) Tech Titan
Fast 50, compiled by Deloitte.
Last year, 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
for the 2006 Fast 500 are based on percentage revenue growth over five
years, from 2001-2005.
NewMarket 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. For the first two quarters of 2007, NewMarket has reported revenue
of $40 million and expects to reach $100 Million for the full year.
For more information on Deloitte's Technology Fast 50 or Technology Fast
500 programs, visit www.fast500.com.
To be added to NewMarket Technology's e-mail database for shareholders and
interested investors, please send an e-mail to ir@newmarkettechnology.com.
About Deloitte (www.deloitte.com)
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein,
its member firms and their respective subsidiaries and affiliates. As a
Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its
member firms has any liability for each other's acts or omissions. Each of
the member firms is a separate and independent legal entity operating under
the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or
other related names. Services are provided by the member firms or their
subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche
Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte
& Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte
Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries),
and not by Deloitte & Touche USA LLP.
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.