NewMarket Latin America, Inc. Announces CFO Philip J. Rauch Video Interview Highlighting Improving Margins and Rapid Revenue Growth
NewMarket Technology, Inc. Board Member and Former Chairman of the Dallas Federal Reserve Hugh Robinson to Present on Everex Deal at Upcoming Wall Street Reporter Conference
DALLAS, TX--(Marketwire - July 8, 2008) - NewMarket Latin America, Inc. (PINKSHEETS: NLAI)
today announced CFO Philip J. Rauch's recent video interview with Wall
Street Reporter is now available online. The interview was conducted during
NewMarket Technology, Inc.'s recent participation at the Small Cap
Discovery Conference in New York City. NewMarket Technology, Inc. is the
parent company of NewMarket Latin America, Inc. NewMarket Technology
launched operations in Latin America with the acquisition of a Microsoft
Solution Partner in 2004. A second acquisition of a technology service
provider concentrating on the integration, customization and maintenance of
Oracle products was completed in 2006. NewMarket is currently working to
consolidate its operations in Latin America into NewMarket Latin America,
Inc.
In the interview, Mr. Rauch explains NewMarket Technology's innovative
business model of bringing emerging technologies to market through
established systems integration channels in high-growth emerging markets to
include Asia and Latin America. NewMarket Technology's innovative
business model delivered $93.1 million in revenue globally in 2007 and $7.3
million in net income. Mr. Rauch highlights the revenue and net income
growth anticipated as NewMarket continues to mature. "I think you are going
to see over the next three years some explosive revenue and income growth
with regards to those emerging technologies that will just add to a fairly
steady increase in our base business."
Additionally, the interview discussed a continued increase in organic
sales, geographic expansion and focus on converting short term,
project-based contracts into higher-margin managed services contracts.
The interview is available in its entirety at
http://www.wallstreetreporter.com/page.php?page=view_videos&id=219.
NewMarket Technology Board Member Hugh Robinson, Former Chairman of the
Dallas Federal Reserve and Retired Major General, to Present at Wall Street
Reporter San Francisco Conference
Last week, NewMarket Technology announced that Board Member Hugh Robinson
will present at the upcoming Wall Street Reporter "San Francisco Small-Cap
Forum" Conference to be held July 30, 2008 in San Francisco at the Bankers
Club.
At the conference, Mr. Robinson will review NewMarket Technology's recently
announced agreement to acquire Everex:
NewMarket Technology,
Inc. to Acquire Everex, a Respected Brand Name in Personal Computing
Reporting Approximately $60 Million in Revenue in 2007
Recent NewMarket - Everex Webcast
NewMarket Technology management conducted a Webcast recently to address
NewMarket Technology's binding agreement to acquire a 75% interest in
Everex.
An archive of the Webcast is available at the Company's corporate Website
Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm under "Current
Events and Communications."
Corporate E-mail Updates
To be added to NewMarket Latin America's e-mail database to receive company
updates, please send an e-mail to ir@newmarketlatinamerica.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 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.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America provides world-class systems integration services
through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and
many more. NewMarket Latin America has major customers in various sectors
such as Oil and Gas, Consumer Products, Financial Services, and
Pharmaceuticals Industries.
NewMarket Latin America delivers solutions to regional customers in
addition to specializing in helping U.S. clients expand their businesses
and operations into one of the fastest growing economic regions in the
world. NewMarket Latin America has offices and operations throughout Latin
America.
NewMarket Latin America also identifies emerging technologies developed
within the region and brings those latest technologies to market worldwide.
These innovations help clients grow their businesses and gain a new
competitive advantage.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995
This communication contains forward-looking statements that involve risks
and uncertainties. The statements in this communication 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 Latin America
Investor Relations
ir@newmarketlatinamerica.com
214-722-3065