Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Expects Record 4th Quarter Operational Income From China to Boost Comprehensive Net Income for the Year on $100 Million in Anticipated Revenue
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 5, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced the Company expects to report record 4th quarter
operational income from the Company's subsidiary operation in China.
Correspondingly, NewMarket expects that increase in operational income to
boost the Company's overall comprehensive net income for 2009, as the
Company drives towards its forecasted goal of $100 million in revenue for
the year. In addition to the Company's ongoing business, NewMarket has
publicly announced new sales contracts this year that, in total, exceed $73
million, the majority of which are long-term contracts in line with the
Company's focus on shifting its revenue base from short-term, project-based
contracts to long-term managed services contracts. One such contract
announced earlier this year worth $30 million was signed through the
Company's Chinese subsidiary and went into service last quarter. That
contract is expected to help increase the operational income of the Chinese
operation. The Company's Chinese operation is a systems integrator and is
a VAR in the Chinese domestic market. NewMarket has operations in China,
Southeast Asia, Latin America and North America and reported over $95
million in revenue for 2008.
Sales Pipeline Webcast Available On-Demand
The Company recently released an exclusive on-demand Webcast reviewing its
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.