Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Announces $2.7 Million in New Sales With 3rd Microsoft Contract in 2 Weeks
NewMarket Technology's RKM Signs $500k Microsoft Licensing Contract With Papeles Venezolanos
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 12, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced the Company's subsidiary RKM has completed the sale of an
approximately $500,000 three-year Microsoft corporate licensing contract
with Papeles Venezolanos (PAVECA). The revenue will be recognized in equal
portions over the next three years. NewMarket and its subsidiaries are
focused on turning short-term, project-based contracts into long-term
managed services contracts to support their recurring revenue business. The
Company recently announced two other Microsoft corporate licensing
contracts totaling $2.2 million, including one with Banco Federal
(www.bancofederal.com).
RKM is a Microsoft Large Account Reseller (LAR) and Enterprise Software
Advisor (ESA) in Latin America and received the prestigious Associate of
the Year in Advanced Infrastructure Solutions award at FOCUS 2009.
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.
$1.00 - $2.50 Share Price Potential
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 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
ir@newmarkettechnology.com 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
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.