NewMarket Announces $2 Million Telecommunications Contract in North AmericaNewMarket Announces $2 Million Telecommunications Contract in North AmericaDALLAS, TX, Apr 22, 2010 — NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced a new $2 million telecommunications contract with a customer in North America. The project is expected to be completed within the 2010 calendar year. The customer selected NewMarket based on the Company’s demonstrated ability to implement highly customized telecommunication solutions. The customer and the specifics of the contract remain confidential at the customer’s request. NewMarket continues to produce telecommunications innovations through its Greenfield Partners NuMobile, Inc. and Alternet Systems, Inc. “NewMarket’s revenue and net income grew in 2009 primarily from increased sales in our operations outside of North America,” said Bruce Noller, Company CEO. “North America was more impacted by the global financial crisis than our operations overseas. For instance, our operation in China reported nine percent revenue growth to $45 million with record net income of over $2 million in 2009, contributing to NewMarket’s almost $100 million in approximate annual revenue. We are optimistic that this new contract in North America, in combination with the development of a promising 2010 sales pipeline in North America, is a good indication of our operations in North America also seeing revenue growth in 2010 in addition to the growth we anticipate from our overseas operations.” About Greenfield Partnership Program About NuMobile, Inc. (www.numobileinc.com) About Alternet Systems Inc. (www.alternetsystems.com) About NewMarket Technology, Inc. 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. |
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