DALLAS, TX--(Marketwire - January 5, 2011) - NewMarket Technology, Inc.'s (PINKSHEETS: NWMTD) (OTCQB: NWMTD) ticker symbol recently changed from 'NWMT' to 'NWMTD.' The ticker symbol change is temporary. The Company recently executed a 1 for 200 reverse split and the ticker symbol has had a 'D' appended to the end for 20 business days beginning December 27th to indicate the recent reverse split. The symbol is expected to revert back to 'NWMT' the week of January 24th upon completion of the 20 business day period.
In conjunction with the reverse split, CEO Bruce Noller stated, "The post-reverse price per share was $0.16 based on the last pre-reverse price. The processing of the new ticker symbol and reversed shares may take a few days to be reflected in all the online stock information and brokerage systems. In the meantime, there may be some confusing information on various internet sites or online brokerages. Do not hesitate to contact your broker with questions."
NewMarket is a fully-reporting public company current in its required public filings. NewMarket has reported record growth through the third quarter of 2010 and anticipates reporting record growth through the end of 2010. Revenue through the third quarter was approximately $85 million compared to $75 million for the same period last year. Net income through the third quarter was $3.9 million compared to $2.2 million for the same period in 2009.
NewMarket recently announced a national exchange listing strategy with details to be presented in various presentations over the next two weeks. To review past Company communications, including Shareholder Letters and archived Webcasts, please visit the NewMarket Investor Relations webpage at www.newmarkettechnology.com.
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About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket Technology is a global small business incubator. NewMarket's current portfolio of operations provides systems integration, technology infrastructure services and emerging technology. NewMarket's operations strategically focus on providing technology and support services in emerging and developing economies with high growth rate potential 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, Africa, Brazil and Northern Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.
NewMarket's operations provide services and support for both brand-name technologies, such as Microsoft, as well as emerging technologies ranging from mobile computing to various security and wireless broadband technologies. NewMarket's rapid growth since 2002 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