NewMarket Technology, Inc. Begins New Era With New Management and New Forecast to Increase Emerging Market Sales by 100% or More Breaking $100 Million Revenue Mark
DALLAS, TX--(Marketwire - February 1, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
announced today that Mr. Bruce Noller officially succeeded the Company's
Founder, Philip Verges, in the role of Chief Executive Officer. Noller is
scheduled to present his plan to increase the Company's overall revenue to
a profitable $150 million for 2010 in a Webcast tomorrow, February 2, 2010.
The majority of NewMarket's revenue is currently generated from its
emerging market operations in Asia and Latin America, and Noller is
forecasting a 100% increase in emerging market sales this year. In his
presentation tomorrow, Noller is also expected to address the steps he is
taking to move the Company's listing to the OTCBB this year and
subsequently achieve a national exchange listing for the Company's global
systems integration operations. NewMarket already files annual audited
financial reports and other reports with the U.S. Securities and Exchange
Commission as required by the OTCBB and has recently engaged legal counsel
to manage the OTCBB application process.
2010 Virtual Town Hall and Newly Appointed Chief Executive Officer
NewMarket has released a letter to shareholders introducing Mr. Noller and
providing more detail on the management change. Further details are also
available in the Company's 2010 Virtual Town Hall videocast. Both the
letter to shareholders and the 2010 Virtual Town Hall are available on the
corporate website Investor Relations webpage:
http://www.newmarkettechnology.com/investor-relations.htm.
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in, permission-based
email database. Interested investors can easily, safely and quickly
register to receive these communications directly on the corporate website
homepage at www.newmarkettechnology.com. Recipients can manage their own
email contact profile and safely unsubscribe at any time.
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