Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Releases Position Paper From Founder and CEO Philip Verges to Communicate Global Small Business Economic Vision
Verges Highlights the Ongoing Success of Small Business in a Big Business Culture and the Social, Political and Economic Role of Small Business in the Future
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - May 13, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
released a position paper from founder and CEO Philip Verges to communicate
a vision for the role of small business in the global economy. The paper
draws on Verges' personal experiences since launching a family business
that has grown and evolved over the last ten years to report $93.1 million
in revenue in 2007 with $7.3 million in net income. The paper illustrates
the challenges faced by small business in a big business culture, even
though the small business sector contributes more jobs to the global
economy and represents a larger percentage of the global gross domestic
product than big business. The paper points out the current proliferation
of small business public markets around the world as an early sign of the
major social, political and economic role to be played by small business in
the future.
The release of the position paper titled "It's a Small Business World After
All" has been timed to coincide with the strategic plan update Webcast
scheduled for later today.
Webcast Scheduled for May 13, 2008 at 4:30 PM EDT
Management will present a strategic plan update, including an increase to
the Company's 2008 revenue forecast. Management has previously provided
guidance of an anticipated 20% increase in 2008 revenue over 2007.
Additionally, management plans to deliver updates on the Company's mobility
computing strategy and progress of the Worldwide Strategies, Inc.
acquisition.
A link to the Webcast is available on the Company's corporate Website
Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm under "Current
Events and Communications" or by going to
http://www.vcall.com/IC/CEPage.asp?ID=119083. An archive of the Webcast
will be available afterwards for review.
"It's a Small Business World After All"
The position paper is available by contacting Investor Relations at
ir@newmarkettechnology.com or 214-722-3065.
Corporate Information and E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company
updates or to obtain more information on the Company, 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.