Beacon Equity Expected to Release Research Report on NewMarket Technology, Inc. This Week With Anticipated Validation of $1.00 or Better Suggested Fair Value PPS
DALLAS, TX--(Marketwire - October 5, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) is
expected to be featured in a Beacon Equity Research report later this week.
NewMarket currently has systems integration operations in Asia, Latin
America and North America. After announcing over $73 million in new sales
contracts on top of already existing business this year, the Company has
forecasted $100 million in profitable revenue for 2009. Since 2002,
NewMarket operations have expanded from reporting approximately $1 million
in annual revenue to over $95 million in revenue in 2008. The research
report is expected to provide an overview of the Company's operations and
business plans. NewMarket has previously announced a $1.00 suggested fair
value price per share based on the values of comparable public companies.
The Beacon Equity report is anticipated to validate or improve upon the
NewMarket suggested fair value target price per share.
$100 Million Potential Sales 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 Beacon Equity Research (www.beaconequity.com)
BeaconEquity.com is one of the industry's largest small-cap report
providers. Beacon strives to provide a balanced view of many promising
small-cap companies that would otherwise fall under the radar of the
typical Wall Street investor. Beacon provides investors with an excellent
first step in their research and due diligence by providing daily trading
ideas, and consolidating the public information available on them. For more
information on Beacon Research, please visit http://www.BeaconEquity.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