Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. ODM Operation in China Receives $1.6 Million Purchase Order in First Phase of Anticipated $160 Million Three-Year Wi-Fi Contract
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 11, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced the Company's Chinese subsidiary has received a $1.6
million original design manufacturing (ODM) purchase order for 100 sets of
a custom Wi-Fi communication device. Subject to the performance of the
first 100 units and based on a formal letter of intent signed by all
parties, the customer, a Japanese company, has committed to purchase 10,000
of the custom devices for a total contract value of $160 million. The
contract would be completed over a three-year period.
An integral part of the ODM contract will be executed by NuMobile, Inc.
(OTCBB : NUBL ) a Greenfield Partner Program participant company. NewMarket
started the Greenfield Partnership Program to accelerate the introduction
of new technologies into emerging markets around the world where technology
buying is on the rise, while improving return on investment (ROI)
potential. Greenfield Program participant companies have been chosen to
participate in the partnership program based on their technology and
service offerings in conjunction with the emerging geographic markets in
which they operate.
NewMarket 2010 Forecast Webcast
NewMarket recently released a Webcast conducted by CEO Bruce Noller
announcing a $150 million profitable revenue forecast for 2010.The
presentation also includes an overview of NewMarket's $300 million revenue
outlook for 2011 and plan to move to the OTCBB. Mr. Noller finishes the
presentation with a review of the Company's strategy to list its 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 atwww.newmarkettechnology.com.
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 NuMobile, Inc. (www.numobileinc.com)
NuMobile is building a portfolio of security and software solutions for the
global mobile computing and smartphone market. Through a roll-up strategy,
NuMobile plans to acquire and develop mobile computing solutions for a
variety of applications, including mobile banking, for the global
marketplace. The demand for mobile security and software applications is
being driven in large part by the growing number of mobile phone sales into
emerging economies that currently do not have substantial access to the
Internet via desktop computing. Already in North America, the Company has
also forged a partnership in the Chinese market and is developing a plan
for the emerging economies of Latin America and East Africa. NuMobile is a
SEC fully-reporting public company listed on the Over-the-Counter Bulletin
Board.
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.