NewMarket Technology, Inc. Builds $100 Million Business From Emerging Economic Development and Banks on Social Responsibility and Capitalism for Growth to $1 Billion
Hugh Robinson, Former Dallas Federal Reserve Chairman, Former Presidential Staff Member and Current NewMarket Board Member Highlights NewMarket OTC Leadership
DALLAS, TX--(Marketwire - October 5, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
today published a letter from Board Member Hugh G. Robinson. Mr. Robinson
is the former Chairman of the Dallas Federal Reserve, a Retired Major
General of the United States Army, a past White House Staff member under
President Lyndon Johnson and a more recent adviser to current political
figures. Mr. Robinson is a regular spokesman and advocate for NewMarket
Technology. He has been instrumental in NewMarket's growth and the
Company's expansion into emerging markets around the world. Mr. Robinson's
letter is included in its entirety below.
Dear Shareholders, OTC Investors and Global Citizens -
Thank you for taking a moment to read about my interest in NewMarket. I
genuinely believe the founders of NewMarket are challenging traditional
investment paradigms and paving a path for global economic change. I hear
Philip Verges, the founder and CEO of NewMarket, constantly talking about a
need for small business solidarity. He is referring to the fact that the
majority contribution to the global economy today, even in the United
States, is made by small businesses, while Wall Street and Washington
otherwise continue to concentrate on the shrinking contribution of big
businesses. I want to help Philip get the word out to small business
founders and investors on the call for solidarity.
NewMarket started in 1997 as a family founded business. Philip and his
family still work today in key roles as NewMarket inches across the
threshold from small business to emerging market force in the technology
service industry. Internet and mobile phone communication technology has
made the world smaller than ever. Regional emerging markets around the
world with previously small influences on one another now overlap and are
more related than ever before. The traditional barriers to entry that have
historically provided large companies an advantage over small companies are
instead now turning out to be disadvantages on the new fast paced, small
business economic frontier. NewMarket is on the verge of a breakthrough to
delivering ongoing returns to investors in a global small business economy.
In today's world, it is economic suppression, not political suppression,
that imposes the greatest limitation on personal liberty. I believe the
recognition and corresponding growth of a global small business economy
will be the root of the next great social evolution and advance. The best
high growth investments today are often outside of the United States in the
world's emerging markets. Investments in emerging markets not only stand
to deliver some of the best high growth returns, but at the same time,
emerging market investments also marry capitalism and social responsibility
by bringing much needed investment dollars to regions where such
investments can meaningfully reduce poverty.
NewMarket sales today come from two of the world's leading emerging
markets, China and Brazil. NewMarket is aggressively expanding into
additional emerging markets. I am traveling to Kenya with NewMarket later
this month to help open NewMarket operations in Eastern Africa where only
about ten percent of a 100 million person population currently has access
to the Internet. Growing Internet penetration to 20% or 50% or even higher
is a tremendous business opportunity for a systems integrator.
Please take time to read Philip's letter to shareholders from last Friday
and listen to his on-demand Webcast from last Thursday where he discusses
the Company's plans for the fourth quarter of this year. Look for major
announcements coming from the Company over the next two weeks. A third
party analyst report is scheduled to be out later this week. A public
filing on an upcoming dividend is pending. A number of announcements are
expected regarding new sales contracts. Management also anticipates a
series of announcements regarding a national exchange listing strategy and
an intermediate strategy to improve the Company's current over the counter
listing.
Thank you for taking the time for me to share my enthusiasm for NewMarket's
balanced approach to capitalism and social responsibility. I humbly
believe a balanced approach to both is the only way to truly deliver long
term returns.
Best Regards,
Hugh Robinson
Board Member
NewMarket Technology, Inc.
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