NewMarket Technology, Inc. Announces $2.5 Million Contract to Provide Microsoft Solution to Oil Company
DALLAS, TX--(Marketwire - September 30, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
today announced entering into a $2.5 million, 3 year contract to implement
and maintain a Microsoft solution for an oil industry company. The
contract was signed by NewMarket's Microsoft Solution Provider subsidiary
in South America, which is a Microsoft Large Account Reseller (LAR) and
Enterprise Software Advisor (ESA) in South America and received the
prestigious Associate of the Year in Advanced Infrastructure Solutions
award at FOCUS 2009. NewMarket and its subsidiaries are currently focused
on shifting the Company's revenue base from short-term, project-based
contracts to long-term managed services contracts.
NewMarket has already announced approximately $67 million in new sales
contracts this year, not including today's announced contract and a $15
million letter of intent recently signed by the Company's operation in
China anticipated to close by year-end. NewMarket recently announced that
the Company expects record sales in 2009 with the potential for $100
million in total 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.
Sales Pipeline Webcast Available On-Demand
NewMarket has recently released an exclusive on-demand Webcast reviewing
the Company's year-to-date sales and a sales pipeline. 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, 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.
Contact Information: Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com