Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Announces 2010 $150 Million Profitable Revenue Forecast With Overview of Outsourcing and ODM Potential Contract Pipeline in Exclusive Webcast
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 2, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
announced a 2010 $150 Million profitable revenue forecast today in an
exclusive Webcast presentation conducted by newly appointed CEO Bruce
Noller. The presentation features an overview of the Company's potential
outsourcing services and original design manufacturing (ODM) contracts
pipeline. Noller also presents a $300 million revenue outlook for 2011.
The presentation concludes with a new update on the Company's plan to move
to the OTCBB and subsequently to list the Company's systems integration
operations on a national exchange. Noller conducts the Webcast from
Nairobi, Kenya, in East Africa, where he is managing the kickoff of the
first phase of a major wireless network project with NewMarket Greenfield
Partners Alternet Systems, Inc.(OTCBB : ALYI ) and NuMobile, Inc (OTCBB : NUBL ).
A link to the Webcast titled 'NewMarket Forecast 2010 Webcast' is available
here: http://www.newmarkettechnology.com/wcbng_20100202.htm. A link to the
Webcast is also available on the homepage and investor relations page of
the NewMarket website at www.newmarkettechnology.com.
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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.
"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.