DALLAS, TX--(Marketwire - October 9, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released a letter to shareholders from CEO Philip Verges discussing the recent announcement of an approximate $2 million debt reduction. The Company has executed a transaction whereby senior term notes NewMarket issued in the fourth quarter of 2007 will be exchanged for the issuance of preferred equity with a new investor. The transaction will also release all of NewMarket's assets that have been held as collateral under the terms of the senior term notes since 2007. The CEO has written a letter to shareholders below and further details of the transaction will be presented in an on-demand Webcast this coming Tuesday, October 13.

Dear Fellow Shareholders -

The transaction announced today to reduce approximately $2 million in debt is a substantial milestone. I am optimistic this milestone, ending an almost two-year agreement with the hedge fund lender, will unlock a major constraint that has previously impeded the Company's share price from aligning with the fundamental financial performance of the Company.

In the fourth quarter of 2007, NewMarket entered into an agreement with a senior lender to provide the Company with a total of $7 million in debt. The transaction was the Company's most substantial financial transaction in regard to the amount of money secured to fund growth. The interaction with the senior lender almost immediately following the consummation of the transaction was, at best, difficult. Since the agreement with the senior lender encumbered most of the Company's assets since the end of 2007, and was further secured by convertibility into stock, the difficulties encountered following the consummation I believe resonated in the price per share decline of the Company stock.

Exiting the agreement with the senior lender has been a long and arduous process that began in the middle of last year when NewMarket paid off a credit facility that was part of the overall agreement. The global financial crisis made exiting the Company's largest-ever financial agreement even more difficult. Nevertheless, by March of this year NewMarket was able to coordinate a first transaction to eliminate a significant portion of the remaining balance due under the senior term notes. With the transaction yesterday, NewMarket has exited the agreement entered into in the fourth quarter of 2007.

Beacon Equity Research published a $1.42 price per share target for NewMarket earlier this week. I believe the senior lender agreement, that NewMarket has now ended, had cast a shadow on the potential of NewMarket's share price to increase in alignment with the fundamental financial performance of the Company. I am happy to be out from under that shadow. Not only does the exit from the senior lender agreement bode well for the potential share price, it also substantially improves the Company's operating resources. Please tune in to our on-demand Webcast to be released next Tuesday to hear more details about this transaction.

Best Regards,
Philip M. Verges
CEO and Founder
NewMarket Technology, Inc.

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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.


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