NewMarket Technology, Inc. Announces Microsoft Forefront Implementation for 3,000 Workstations for Electricidad de Caracas
DALLAS, TX--(Marketwire - October 14, 2008) - NewMarket Technology, Inc. (PINKSHEETS: NMKT)
today announced that RKM IT Solutions (RKM) has signed an agreement to
provide Microsoft Forefront to 3,000 workstations for Electricidad de
Caracas (http://www.laedc.com.ve/). The Company's Latin American operations
previously announced signing a multi-year Microsoft Enterprise Agreement
with the electric company (http://biz.yahoo.com/iw/080603/0403262.html).
Founded in 1895, Electricidad de Caracas generates, sells and distributes
electricity to more than one million residential and commercial customers
in the Caracas, Venezuela area.
NewMarket Regional Microsoft Services and Partnership
RKM is the fourth largest Microsoft Large Account Reseller (LAR) in
Venezuela, having recently achieved an overall Microsoft sales increase of
235.78% over the previous fiscal year. RKM is also an 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.
Additionally, RKM's President Samuel Gamarra is Vice President of the
International Association of Microsoft Certified Partners (IAMCP) Venezuela
chapter. IAMCP (www.iamcp.org) is an international organization that
represents Microsoft's top partners from around the globe.
Company Updates and Information
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About RKM IT Solutions (www.rkmve.com)
RKM is a sixteen-year-old systems integration and IT outsourcing services
firm recognized in Venezuela and throughout northern South America as a
leading provider of mission critical voice, data and video network
solutions, as well as systems integration and help desk support. Clients
include the Top 50 international corporations in the country, as well as a
strong presence in the Oil and Gas, Banking and Manufacturing industry.
RKM is also a regionally certified partner for Cisco Systems, Novell,
Computer Associates, IBM, Hewlett-Packard, Systimax and Microsoft. RKM was
awarded the 2003 Microsoft Infrastructure Solution of the Year in Venezuela
and has been recognized as a Microsoft Gold Partner and now a Microsoft
LAR/ESA partner.
The company is expanding its system integration and IT outsourcing services
in the Caribbean, Colombia, Ecuador, Peru and Mexico.
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.