Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Anticipates More Than $100 Million in Wi-Fi ODM Contracts for Asian Market in 1st Quarter 2010
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 3, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
has released a Webcast presentation conducted by newly appointed CEO Bruce
Noller. In the Webcast, Mr. Noller announces a 2010 $150 million
profitable revenue forecast. The Webcast features the Company's new
original design manufacturing (ODM) business established in the fourth
quarter of 2009 through a strategic acquisition. The ODM operation is
organized under NewMarket's Chinese subsidiary. The ODM operation
specializes in the design of custom Wi-Fi products and is anticipated to
sign over $100 million in contracts for the Asian market within the first
quarter of 2010. The average term of the anticipated contracts is three
years and the revenue from the contracts would be recognized over the
course of the average three year term. The proprietary technology of
NewMarket's Greenfield Partner, NuMobile, Inc. (OTCBB : NUBL ) would provide
an integral component in the anticipated contracts. In addition to the
information already available on the ODM business in Mr. Noller's Webcast
released yesterday, the Company plans to release a follow-on Webcast
presentation next week dedicated to an overview of the ODM business and
anticipated contracts.
Mr. Noller's Webcast, released yesterday and available online for on-demand
review, is titled 'NewMarket Forecast 2010 Webcast' and 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.