Beacon Equity Expected to Issue Research Report on NewMarket Technology, Inc. Next Week to Review Company's Approximate $100 Million in Profitable Annual Revenue
DALLAS, TX--(Marketwire - September 29, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) is
expected to be featured in a Beacon Equity Research report next week. The
research report is expected to provide an overview of the Company's
operations and business plans. Management believes the Company is currently
undervalued and has previously announced a near-term goal to realize a
suggested fair value target price per share of $1.00 and as high as $2.50.
Since 2002, NewMarket operations have expanded from reporting approximately
$1 million in annual revenue to over $95 million in revenue in 2008. 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.
$100 Potential Sales Pipeline Webcast
NewMarket recently released an exclusive on-demand Webcast reviewing the
Company's year-to-date sales, a sales pipeline with the potential to
deliver $100 million in total new sales contracts for 2009, as well as a
possible 2009 forecast increase. The presentation also includes an overview
of the Company's intention to apply for listing on the OTCBB and OTCQX,
where companies such as Adidas, BASF, Peugeot and Benetton are currently
listed. Among other benefits, the OTCQX (www.otcqx.com) is considered a
first step toward a NASDAQ or NYSE listing. NewMarket is currently a fully
reporting public company with audited financial reports filed with the SEC
and available for public review.
A link to the Webcast titled 'NewMarket Sales Pipeline and Revenue Update
Webcast' is available on both the corporate website homepage and investor
relations page at www.newmarkettechnology.com.
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, and 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
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