NewMarket Technology, Inc. Forecasts 2009 Profitable Revenue Growth After Reporting $95 Million in 2008 and Recently Signing $30 Million Contract in China
On-Demand Webcast Scheduled for Thursday, August 13th to Review Strong Offshore Sales and Anticipated Revenue Growth Acceleration in Second Half of 2009
DALLAS, TX--(Marketwire - August 11, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
has announced the launch of a $30 million service contract in China. In
conjunction with the rollout of this $30 million contract, NewMarket
management is forecasting profitable revenue growth in 2009. The Company
reported $95 million in revenue in 2008 and $93 million in 2007.
Management anticipates accelerated revenue growth in the second half of
2009 resulting from strong offshore sales.
In 2008, NewMarket reported over $40 million in profitable revenue from its
operations in China. The Company's operation in China recently signed a $2
million contract with a Hong Kong-based software company and a $30 million
outsourcing services contract. NewMarket management recently traveled to
Shanghai for the launch of the $30 million contract.
Emerging Market Focus
NewMarket is a technology service provider that sells, installs, customizes
and maintains brand name technologies from Microsoft, Oracle, Cisco,
Hewlett-Packard and other recognized technology corporations. NewMarket is
similar to EDS, Perot Systems and Affiliated Computer Systems, though today
smaller. NewMarket differs from the more recognized technology service
provider companies by focusing business development in emerging economies.
NewMarket's emerging economy focus has helped the Company maintain strong
sales during the global economic downturn.
South American Sales
In addition to the Company's sales success in China, the Company also
recently announced a $1.2 million Microsoft corporate license agreement
with Banco Federal (www.bancofederal.com).
$1.00 - $2.50 Share Price Potential
NewMarket recently announced a ticker symbol change from NMKT to OTC: NWMT.
The change reflects a substantial step forward in the Company's overall
plan to align what management believes is an undervalued price per share
with the Company's otherwise strong fundamental financial performance.
NewMarket recently released an exclusive on-demand Webcast to review the
Company's positive operating income for the previous three years and
revenue growth from approximately $78 million in 2006 to $95 million in
2008. The focus of the Webcast is to present the potential for the share
price to increase from the recent recapitalized price per share of $0.45 to
$1.00 and as high as $2.50. The price per share potential is suggested in
conjunction with the presentation of the market capitalization values of
comparative public companies. The presentation includes an outlook on the
anticipated profitable revenue increase in 2009.
The Webcast is now available for review on the Company's corporate website.
A link to the Webcast titled 'NewMarket Corporate Update (August 4, 2009)'
is available on the Investor Relations page of the NewMarket website under
Current Events and Communications at:
http://www.newmarkettechnology.com/investor-relations.htm. For assistance
accessing or listening to the Webcast, please email
firstname.lastname@example.org or call 214-722-3065.
Corporate Information and E-mail Updates
To sign up to receive company updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (http://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
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
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
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