Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. Ranked Number Seven in Deloitte's Technology Fast 50 Program for Texas
Attributes Emerging Market Strategy to Its 3,867% Percent Revenue Growth
| Quelle: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 3, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
has been named to Deloitte's prestigious Technology Fast 50 Program for
Texas, a ranking of the 50 fastest growing technology, media,
telecommunications, and life sciences companies in the area by Deloitte
LLP, one of the nation's leading professional services organizations.
Rankings are based on the percentage revenue growth over five years from
2003-2007 and were announced by Deloitte at an award event held October 30,
2008, in Fort Worth.
NewMarket's CEO Philip M. Verges credits emerging market strategy and
success in building robust operations in South America and Asia with the
Company's 3,867 percent revenue growth from 2003-2007. Skip Moore, Managing
Partner of Technology, Media and Telecommunications, Deloitte & Touche LLP,
said, "Sustaining high revenue growth over five years is an exceptional
accomplishment. We commend NewMarket Technology for making the commitment
to technology and delivering on the promise of market longevity. We are
proud to honor NewMarket Technology to Deloitte's Technology Fast 50."
NewMarket's increase in revenues of 3,867 percent from 2003 to 2007
resulted in a seventh place ranking in the Technology Fast 50 for Texas.
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be
headquartered in North America, and be a company that owns proprietary
technology or proprietary intellectual property that contributes to a
significant portion of the company's operating revenues; or devotes a
significant proportion of revenues to the research and development of
technology. Using other companies' technology or intellectual property in
a unique way does not qualify.
Deloitte's Technology Fast 50 program for Texas is co-presented by business
sponsors who are key to the success of this program. Texas Fast 50 sponsors
help produce the overall program, plan the Executive Retreat, present Fast
50 Awards to company officials, conduct CEO business surveys, and present
business information and strategy sessions through a series of C-level
roundtable seminars. The 2008 Deloitte Texas Fast 50 sponsors are America's
401k, CresaPartners, Gardere Wynne Sewell LLP, NASDAQ OMX, Porsche and
TriNet.
Companies from the regional Technology Fast 50 programs in the United
States and Canada are automatically entered in Deloitte's Technology Fast
500 program, which ranks North America's top 500 fastest growing
technology, media, telecommunications and life sciences companies. For more
information on Deloitte's Technology Fast 50 or Technology Fast 500
programs, visit www.fast50.com.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company
updates or to obtain more information on the Company, please send an e-mail
to ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel
and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire
emerging technology assets to incorporate into an overall product portfolio
carefully packaged to complement the prevailing industry standard
solutions.
NewMarket delivers its portfolio of products and services through its
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and
Number Five in North America on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company grew
from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see
www.deloitte.com/about for a detailed description of the legal structure of
Deloitte LLP and its subsidiaries.
"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.