DALLAS, TX, May 05, 2010– NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) today announced a Webcast scheduled for release this Friday May 7th. On February 1st of this year, NewMarket embarked on a major next step to build beyond the approximate $100 million revenue benchmark the Company has already achieved. Just over 90 days ago, Mr. Bruce Noller stepped in as the new Chief Executive Officer in conjunction with NewMarket’s next step strategy. On Friday, Mr. Philip Verges, Chairman of NewMarket, is scheduled to conduct a 90-day review of the Company’s evolving business plan to include a preview of the Company’s preparation of an impending launch of an aggressive acquisition campaign. A link to the Webcast will be posted to the corporate website www.newmarkettechnology.com upon release Friday and will be emailed to the corporate opt-in email database.
NewMarket recently released its audited financial results for 2009 reporting revenue growth to $98.1 million in revenue with $1.5 million in net income. Management anticipates achieving $150 million in profitable revenue in 2010. The aggressive growth in 2010 is expected to be achieved through a combination of organic growth and acquisition. The organic growth and acquisition campaigns were introduced in 2009 with early results demonstrated through increased sales in the fourth quarter of 2009. Management plans to continue to publish regular communications through press releases, Webcasts and emails on the Company’s progress toward achieving its $150 million profitable revenue objective for 2010.
About NewMarket Technology, Inc.
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 and reported over $98 million in profitable revenue for 2009.
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 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.