Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. to Present Analyst Recommendation and Target Price in Webcast Presentation Tuesday, February 23rd
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 19, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced an on-demand Webcast scheduled for Tuesday, February 23,
2010 to present a review of NewMarket recently conducted by an independent
analyst. The independent analyst is a Certified Financial Analyst (CFA)
compliant with the CFA Institute Code of Ethics and Standards for
Professional Conduct with experience working with companies to provide
independent research as well as working with financial institutions to
research perspective investments. The analyst has conducted research for a
number of Western European and North American financial institutions, to
include Janney Montgomery Scott. The report is scheduled to be released on
Monday, February 22nd.
"I directed the NewMarket staff to engage an independent research firm to
provide shareholders with an idea of what I believe to be the currently
unrealized value of NewMarket stock ownership," said Bruce Noller the CEO
of NewMarket. "While we have engaged and paid for the analyst report, we
have not requested the analyst modify any of the information in his report.
We have not influenced this report. You will be able to tell we have not
influenced the report when you read it as I have already. The report
certainly includes a number of positive endorsements of NewMarket's
unrecognized value, but it also includes some less than flattering reviews
of a few aspects of our business. It is fair and provides a fresh
perspective on the Company."
The on-demand Webcast will be posted to the NewMarket
website www.newmarkettechnology.com, and a link to the Webcast will be
published and sent to the NewMarket e-mail database upon release of the
Webcast Tuesday.
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About NewMarket Technology, Inc. (http://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.