Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Announces Town Hall Meeting to Present Plan for Continued Aggressive Growth in 2008 From Organic Sales and Acquisition
Annual Town Hall at Fairmont Hotel in Dallas, Texas on January 17 to Review Rapid Five-Year Growth, Breaking Through $100 Million in Profitable Annual Revenue
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 14, 2007) - NewMarket Technology, Inc. (OTCBB : NMKT )
announced today the Company's annual Town Hall meeting will be held
Thursday, January 17, 2008 at 3:30 pm CST in Dallas, Texas, at the Fairmont
Hotel (http://www.fairmont.com/dallas). The Town Hall agenda will center
on a review of the Company's growth through 2007 and business plans to
continue this year's 20% sales and profit growth from organic operations
into 2008. The Company will also present its 2008 acquisition strategy
expected to augment ongoing organic sales and profit growth. The
acquisition strategy is founded on the Company's recent institutional
financing which will also be reviewed at the Town Hall.
The Town Hall meeting is an annual event providing shareholders an
opportunity to receive updates on company growth and plans for the upcoming
year and to meet company management in an interactive forum.
Ongoing 20% Organic Sales and Profit Growth
The Company will review 2007 financial performance featuring the Company's
rapid growth to break $100 Million in profitable annual revenue. The
Company reported $63.5 million in revenue for the nine months ended
September 30, 2007 and $2.8 million in net income. Year-to-date revenue has
increased 19% compared to the same period last year and net income has
increased 21%. The fourth quarter is historically the strongest revenue
and net income period for NewMarket. Current growth is based on organic
sales from operations only and not on any acquisitions. The Company will
review business plans to continue 20% revenue and profit growth from
current operations in 2008 and beyond.
2008 Acquisition Strategy
NewMarket has taken a two-year acquisition hiatus to operationally
integrate previous acquisitions and establish organic sales growth
traction. After recently closing a strategic financing transaction,
NewMarket is prepared to move forward with new strategic, acquisition
opportunities. The size and quality of NewMarket's acquisition candidates
has improved with the Company's overall growth. The company plans to
augment the current 20% growth rate from current operations with accretive
acquisitions. Not one of the acquisitions under negotiation at this time
contemplates the issue of any NewMarket stock. The acquisition pipeline
under negotiation includes over $150 million in annual revenue that would
be added to NewMarket's organic sales if the acquisitions are ultimately
realized. It is premature to determine with any certainty that any of the
acquisitions under negotiation will be completed. The Town Hall will
include detailed information on the acquisition pipeline and any
acquisition that might have been completed prior to the Town Hall meeting.
The Town Hall will also include a review of the organic growth and
acquisition strategy for the Company's subsidiaries, NewMarket China, Inc.
(OTCBB : NMCH ) and NewMarket Latin America, Inc. (PINKSHEETS : NLAI ).
Former Dallas Federal Reserve Chairman Major General (Ret.) Hugh Robinson
to Discuss Recent $7 Million in Institutional Financing
Major General (Ret.) Hugh Robinson, NewMarket Board Member and Former
Chairman of the Federal Reserve Bank of Dallas will be on hand at the Town
Hall meeting to review the Company's recent $7 million strategic
institutional financing transaction. Mr. Robinson recently commented
publicly that the $7 million strategic institutional financing represents
an ongoing "NewMarket transition from its early stage corporate culture
and business organization into a next-stage enterprise demonstrating the
type of best industry practices that would support the Company in its
growth to a billion dollars in annual revenue."
Research Coverage with Fair Value Target Price of $0.70 vs. Current $0.25
Micros Report recently announced initiating research coverage of NewMarket.
Michael Willingham, Micros Report Director of Research, authored a report
which includes a Fair Value Target price for NMKT of $0.70 vs. NMKT's
recent price of $0.25. Mr. Willingham has been invited review an updated
report at the Town Hall meeting taking into consideration material
transactions that occur between the time of the report and the Town Hall
meeting.
The report is available in its entirety on NewMarket's corporate website
at: http://www.newmarkettechnology.com/NMKT_MicrosReport_20071130.pdf.
Additionally, Mr. Willingham recently released a video on the report and
the video is available on YouTube at
http://youtube.com/watch?v=JjG13yjGnww.
Award Winning Growth
The Company's rapid growth has landed NewMarket near the top of the
Deloitte Technology Fast 500 in both 2006 and 2007. After a Top Five finish
in 2006, NewMarket ranked Number Twenty-One on Deloitte's 2007 Technology
Fast 500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America. For 2007,
Deloitte also highlighted NewMarket as an exceptional performer for
"repeating the feat." To read the article in its entirety, go to:
http://biz.yahoo.com/prnews/071023/nytu079.html?.v=101. Rankings are based
on percentage of fiscal year revenue growth over five years, from
2002-2006. NewMarket Technology grew 7,996 percent during this period.
Emerging Markets Seminar to Follow Town Hall on Friday, January 18th
On Friday, January 18, 2008, NewMarket will host a seminar focusing on
emerging technologies and emerging and frontier economies. The seminar will
be an opportunity for shareholders, interested investors, technologists and
small businesses to learn more about the use of emerging technologies and
the opportunity for rapid growth within rapidly growing economies
worldwide. The seminar will focus on financing and investing for small
business in the emerging markets of Brazil, China and Africa and will be
from 8am to 5pm at the Fairmont Hotel. Look for more details in an
upcoming press release on the Emerging Market Seminar.
To RSVP to the Town Hall and Seminar or to receive more information, please
contact Whitney Marks at wmarks@newmarkettechnology.com or 214-722-3052.
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 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.