Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Review Planned Dividend, $2 Million Debt Reduction and Pending Contracts to Increase $73 Million in New Contracts to Over $100 Million
| Source: Bright Side, LLC
DALLAS, TX--(Marketwire - October 7, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced an online, on-demand presentation scheduled to be released
Tuesday, October 13th. The presentation is scheduled to provide a fourth
quarter outlook and strategic update. The presentation is further slated to
include an up-to-date review of the previously announced dividend plan and
an update of management's progress toward substantially reducing debt. New
information is anticipated to be released on the Company's progress toward
issuing a dividend and reducing debt. The presentation is scheduled to
provide further details on the anticipated new information. The
presentation will also include a PPS potential overview based on Beacon
Equity's research report on the Company with a price target of $1.42
released earlier today. The full report is available at
http://www.beaconequity.com
In the Beacon report, the analyst writes, "NWMT combines traditional
systems integration and support services with leading-edge technologies,
assisting its clients in maintaining legacy systems while also helping them
gain a competitive edge through the latest technology innovations... the
Company has the potential to report 2009 revenues exceeding $100 million.
NWMT delivered $43.9 million in profitable revenues in the first half of
2009, has announced new sales contracts of approximately $73 million so far
this year, and has another $15 million contract pending.
"NWMT has reseller agreements and partnerships with many of the world's
leading IT companies. These partnerships open the door to new customers and
allow the Company to expand into new geographical regions, many of which
are outside the United States. NWMT re-sells, installs, customizes and
supports products from Microsoft, Oracle, HP, IBM, SAP, BAAN, SSA Global,
among others."
Per Beacon, the comparable technology companies include: Hewlett-Packard
Company, Affiliated Computer Services and Computer Sciences.
A link to the Webcast will be posted on the Company's website
www.newmarkettechnology.com upon release.
Corporate Information and E-mail Updates
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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.