Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
Following 'Buy' Rating, NewMarket Technology, Inc. PPS Pushes $0.032, 30-Day MA Breakthrough on High Volume Trading
Webcast Tomorrow to Review Analyst Report
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - February 22, 2010) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today announced an independent analyst report with a 'buy' rating and a
$1.47 target price per share (PPS). The share price today has already
reached the 30-day moving average (MA) PPS of $0.032 on higher than average
trading volume. The Company is scheduled to review the report in a Webcast
presentation tomorrow, February 23rd. In addition to discussing the $1.47
PPS analyst recommendation, the presentation agenda also includes a
discussion of PPS potential to first break through the $0.032 30-day MA PPS
then the Company's 50-day $0.046 MA PPS as well as the potential of next
reaching NewMarket's $0.32 200-day MA PPS.
To review the report, please visit the Investor Relations section of the
Company website at www.newmarkettechnology.com.
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.