Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Review $80 Million in Recent or Pending Contracts and Potential to Sign More Than $100 Million Total by Year-End
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 23, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
scheduled to review year-to-date sales and provide a preview of anticipated
sales through the rest of 2009 this Friday, September 25th. This year,
NewMarket has already announced approximately $65 million in new sales
contracts. The Company has reported over $43 million in profitable revenue
for the first six months of 2009. Historically reporting increased
revenues in the second half of the year, the Company has set a $100 million
profitable revenue forecast for 2009. Recently, the Company's operation in
China executed a letter of intent agreement on a potential additional $15
million contract anticipated to close before year-end, bringing the total
in new or pending contracts to approximately $80 million. The existing
sales pipeline could result in over $100 million in total contracts by
year-end. The Friday presentation will include a discussion of a potential
increase to NewMarket's 2009 revenue forecast. A link to the Webcast will
be available on Friday, September 25th on the Company's website
www.newmarkettechnology.com upon release.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
where technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the growing
economies of China, Southeast Asia, Brazil and Northern Latin America. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as Dell,
HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized
reseller of operating systems and various software from companies such as
Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company
works with emerging technologies such as mobile computing, various security
and wireless broadband technologies.
NewMarket's rapid growth since 2002 has placed the Company on the Deloitte
Technology Fast 500 for 5 consecutive years. NewMarket was recognized as
the third fastest growing technology company in the United States in 2006
and the number one fastest growing technology company in North Texas for
two years in a row.
"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.