NewMarket Technology, Inc. CEO Noller Presents 2010 $150 Million Forecast, 2011 $300 Million Outlook, Planned OTCBB Move and National Exchange Listing Strategy
DALLAS, TX--(Marketwire - February 2, 2010) - NewMarket Technology, Inc. (PINKSHEETS: NWMT)
released an on-demand Webcast presentation today, conducted by newly
appointed CEO Bruce Noller, announcing a 2010 $150 million profitable
revenue forecast. The Webcast includes an overview of the Company's
potential 2010 outsourcing services and original design manufacturing (ODM)
contracts pipeline. A $300 million revenue outlook for 2011 is also
presented in the Webcast, in addition to an update on the Company's plan to
move to the OTCBB. Noller includes a review of NewMarket's plan with
Worldwide Strategies Inc. (OTCBB: WWSG) to list the Company's systems
integration operations on a national exchange.
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.
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.
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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.
Contact Information: Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com