NewMarket Technology, Inc. to Review Recent Increase to $75 Million in Total YTD Sales in Webcast Tuesday, October 27th
DALLAS, TX--(Marketwire - October 23, 2009) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
today announced that with the addition of the recently announced contract
to provide telecommunications hardware, software and services, the Company
has exceeded $75 million in new sales contracts year-to-date. The total
contract value for the telecommunications project is approximately $2.5
million, with all revenue anticipated to be recognized within the 4th
quarter of 2009. NewMarket also recently announced that its subsidiary
operation in China has signed a letter of intent to provide outsourcing
services to Aoyuan Electronic Co. ltd in Dalian, China, for $36 million
over three years. The finalization of the $36 million contract would
increase the total revenue value of NewMarket's 2009 sales contracts to
over $100 million.
NewMarket Strategic Update Webcast Scheduled for Tuesday, October 27th
NewMarket has scheduled to post a strategic update Webcast to its corporate
website www.newmarkettechnology.com on Tuesday, October 27th. In the
Webcast, the Company plans to discuss year-to-date sales and potential
sales through the end of 2009 in conjunction with the Company's plans to
improve shareholder value.
NewMarket is a global systems integrator with operations in China,
Southeast Asia, Latin America, as well as North America. In the different
regions of the globe it operates, NewMarket sells, installs and supports
technologies from leading technology providers such as Microsoft, Oracle,
and HP as well as some lesser known, but leading edge emerging technology.
NewMarket is a reporting company with audited financial reports filed with
the SEC.
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