Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. to Be Featured at Starlight Capital Private Equity Forum Tomorrow in New York City at the Yale Club
NewMarket Highlights Include Recent Positive Q3 Financial Report With 36% Net Income Increase to $3.7 Million and 20% Revenue Increase to $76 Million
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 19, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
announced today that it will be a featured company at the Starlight Capital
Private Equity Forum tomorrow, November 20th in New York City at the Yale
Club.
The Starlight Capital forums are invitation-only events designed to
assemble a select group of business visionaries, entrepreneurs, angel
investors, venture capitalists, investment professionals, and money
managers. In addition to presenting "one-of-a-kind" private investment
opportunities, this prestigious event at the Yale Club New York is designed
to be an ideal setting for new business development, exchange of ideas,
creation of deal flow, location of capital sources and ultra high-end
networking. For more information on the event or to request an invitation,
go to http://events.starlightcapital.com/index.html.
NewMarket recently filed third quarter and year-to-date earnings results.
The Company reported $76 million in revenue for the first nine months of
2008 with net income of $3.7 million. Net income has increased 36% and
revenue has increased 20% in the first nine months of 2008 compared to the
same period last year. In 2007, NewMarket reported $93.1 million in revenue
and $7.3 million in net income. The Company has set a $120 million
profitable revenue objective for 2008.
Third Quarter Financial Webcast
NewMarket management will conduct a Webcast, Friday, November 21 at 12:00
pm EST to review third quarter 2008 financials.
A link to the Webcast is available at the Company's corporate Website
Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm under "Current Events
and Communications." An archive of the Webcast will be available afterwards
for review.
Corporate Information and E-mail Updates
To find out more about NewMarket Technology or to be added to NewMarket
Technology's e-mail database to receive company updates, 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.