Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065
NewMarket Technology, Inc. Announces 235% Increase in Annual Microsoft Sales at Microsoft Worldwide Partner Conference in Houston, Texas
Company Moves Into Managed Services, Recently Announcing $4 Million Landmark Microsoft Contract With Movistar, a Division of Telefonica
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - July 9, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced a 235% increase in Microsoft sales over the previous fiscal year.
After reporting just $1 million in 2002, the Company reported $93.1 million
in revenue in 2007 with net income of $7.3 million. NewMarket has moved
into Managed Services as part of its overall strategy to sustain continued
rapid organic growth. In 2006, NewMarket was ranked as the 5th fastest
growing company in North America in the Deloitte Fast 500 and in 2007 the
Company made the list again, ranking 21st. In 2004, NewMarket launched
operations in South America by purchasing RKM IT Solutions in Venezuela.
Today, RKM is fourth largest Microsoft Large Account Reseller (LAR) in
Venezuela. As of June 27, 2008 RKM reported an overall Microsoft sales
increase of 235.78% over the previous fiscal year. RKM is a LAR and
Enterprise Software Advisor (ESA) in South America. Mid-Market and
corporate customers in Latin America seek out the services of LAR/ESAs when
implementing large Microsoft-based IT projects. Through this partnership
with Microsoft, RKM offers high volume licensing, specifically "Enterprise
Agreement" (EA) and "Select" for companies with more than 250 PCs and
support services to large enterprises and institutional customers.
Invitation to Participate in Microsoft Worldwide Partner Conference
As a result of RKM's strong Microsoft sales, the Company was invited to
participate in Microsoft's Annual Worldwide Partner Conference July 7-10 in
Houston, Texas. The Conference features keynote presentations from
Microsoft CEO Steven Ballmer, COO Kevin Turner as well as Nobel Laureate
Muhammad Yunus, founder of the Grameen Bank, while providing an opportunity
for attendees to learn more about Microsoft's product innovations and
business growth opportunities.
RKM IT Solutions' Samuel Gamarra stated, "We are honored to participate in
Microsoft's Annual Worldwide Partner Conference. Providing Microsoft
services to our customers has been an instrumental part of our growth to
date. We are excited about exploring Microsoft's next generation of
innovative technologies and the competitive edge they will help us deliver
to our customers. Additionally, expanding our service offerings will aid us
in our move towards long-term managed services contracts, positioning us
for continued expansion."
$4 Million Managed Services Contract with Movistar
RKM IT Solutions was recently awarded a $4 million, three-year managed
services contract with Movistar, a division of Telefonica, a major mobile
phone provider in Latin America and Spain. Over the next three years, RKM
will provide Microsoft Licensing and managed services to Movistar. The
NewMarket family of companies is focused on turning short-term,
project-based contracts into long-term managed services contracts to
support their recurring revenue business.
NewMarket Technology Managed Services Rollout
NewMarket recently announced the launch of its Managed Services business.
The Managed Services business was explained in detail in a PowerPoint
Webcast (http://biz.yahoo.com/cc/4/93884.html). The objective of
NewMarket's Managed Services strategy is to improve the Company's value by
extending the average length of customer contracts and improving the
efficiency of regional operations through the consolidation of back office
functions. By transitioning the current business into managed services,
NewMarket expects to grow sales more rapidly from a strong foundation and
enjoy an improved valuation in the market.
Corporate E-mail Updates
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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 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 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.