Balance sheet:
-- Stockholders' equity increased 29% from same quarter last year ($53.3
v. $41.3m)
-- Stockholders' equity increased 18% year-to-date ($53.3 v. $45.2m)
-- Working capital increased 250% from same quarter last year ($17.8 v.
$5.1)
-- Total assets increased 15% from same quarter last year ($72.5 v.
$62.8)
Statement of Operations:
-- Revenue for 3rd quarter 2007 increased 24% from 3rd quarter 2006
($23.4m v. $18.9m)
-- Revenue for first 9 months 2007 increased 19% from first 9 months 2006
($63.5m v. $53.2m)
-- Operating expense percentage decreased, 14% of sales in 3rd quarter
2007 v. 23% of sales in 3rd quarter 2006
-- Net income (before currency translation) for 3rd quarter 2007
increased 13% from 3rd quarter 2006 ($1.6m v. $1.4m)
-- Net income (before currency translation) for first 9 months 2007
increased 21% from first 9 months 2006 ($2.8m v. $2.3m)
NewMarket CEO Interviewed by Wall Street Reporter
NewMarket CEO Philip Verges was interviewed by the Wall Street Reporter on
Monday. The interview features NewMarket's growth in emerging markets in
conjunction with the upcoming Beijing Olympics and United States
Presidential Election. The interview is available at
http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=27586 and
requires free registration.
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, Oracle, 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. Some emerging technology solutions
NewMarket provides include VoIP, Broadband Wireless and Security.
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.
Contact Information: Contact: NewMarket Technology, Inc. Investor Relations Tel: 214-722-3065 Email: ir@newmarkettechnology.com http://www.newmarkettechnology.com