NewMarket Technology, Inc. Launches Website Detailing Annual Town Hall and Emerging and Frontier Market Seminar With Expert Panelists on Brazil, China and Africa
Online Registration Now Available for January 17-18, 2008 in Dallas, Texas
DALLAS, TX--(Marketwire - December 20, 2007) - NewMarket Technology, Inc. (OTCBB: NMKT)
launched today a website detailing information on the Company's upcoming
annual Town Hall and Emerging and Frontier Market Seminar scheduled for
January 17-18, 2008, at the Fairmont Hotel in Dallas.
Interested attendees can find details on the events and register online at
www.nmktevents.com. Details include guest panelist biographies and hotel
and transportation information. Registration is free for both events.
Attendees are encouraged to register early as space is limited.
NewMarket Annual Town Hall - January 17, 2008 3:30pm CST
The annual Town Hall meeting, which will take place Thursday, January 17,
2008 at 3:30 pm CST, 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. The 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 through 2008. The Company will also present the Company's 2008
acquisition strategy expected to augment ongoing organic sales and profit
growth. The planned acquisitions are founded on the Company's recent
institutional financing which will also be reviewed at the Town Hall.
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 on a strategic financing transaction,
NewMarket is prepared to move forward with new strategic, acquisition
opportunities building on the foundation that NewMarket has built over the
past two years. The size and operational 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 strategic institutional financing represents a
continuing "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 will 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.
Emerging and Frontier Market Seminar: Brazil, China, Africa - January 18,
2008
The seminar will be an opportunity for shareholders, investors,
technologists, entrepreneurs and small businesses to learn more about the
opportunity for rapid growth within rapidly growing economies worldwide.
The seminar will focus on financing and investing for small business and
technology in global emerging markets, with a special focus on Brazil,
China and Africa. The format for the seminar will be panel discussion
sessions lead by subject matter experts on investment and financing in
emerging markets and on the Brazilian, Chinese and African markets. Guest
panelists currently include Joseph Wambia, formally with the World Bank,
William Weiss, Honorary Consul for the Republic of Malta, and Dr. Flavio
Chaves, Assistant to the Vice Governor of the State of Sao Paulo, Brazil.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive company
updates, 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.