NewMarket Technology, Inc. PPS Increases 17% Closing Above 10-Day Moving Average on Record Volume With Momentum Potential to Break Through 30-Day Moving Average
Independent Analyst Issues 'Buy' Rating and PPS Target Nearly 50 Times Current $0.03 PPS
DALLAS, TX--(Marketwire - February 23, 2010) - An independent analyst report was released
yesterday on NewMarket Technology, Inc. (PINKSHEETS: NWMT) with a 'buy'
rating and a target price per share (PPS) nearly fifty times higher than
the current PPS of $0.03. During trading yesterday, the share price broke
through the 10-day moving average (MA) and reached the 30-day MA PPS of
$0.032 on record trading volume. The Company is scheduled to review the
report in a Webcast presentation to be released later today. The
presentation agenda is expected to highlight the Company's Greenfield
Partnership Program featuring NuMobile, Inc. (OTCBB: NUBL), Alternet
Systems, Inc. (OTCBB: ALYI) and Nova Energy, Inc. (OTCBB: NVAE).
Additionally, the presentation agenda also includes a discussion of PPS
potential to break through the $0.032
30-day MA PPS then the Company's 50-day $0.046 MA PPS, as well as the
potential to reach 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. A direct link to the
report is http://www.newmarkettechnology.com/nwmtreport_20100222.htm.
Later today, the on-demand Webcast is scheduled to be posted to the
NewMarket website, www.newmarkettechnology.com, and a link to the Webcast
will also be published and sent to the NewMarket e-mail database upon
release.
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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.
Contact Information: Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com