Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065
NewMarket Technology, Inc. Reports Strong Latin America Sales Growth, Announcing Contract With $10 Billion Anglo American to Implement Oracle Hyperion Planning
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - May 27, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced the Company has experienced strong Latin America sales growth
year-to-date, including UniOne's recent contract with $10 billion Anglo
American. Anglo American (www.angloamerican.co.uk), an existing client of
NewMarket's subsidiary UniOne, has chosen the consulting company to
implement a multinational, multi-continent, Oracle Hyperion Planning
project for Anglo American's Base Metals division. The project is being
developed in Chile, but will be implemented across three continents: South
America, Europe and Africa and in four additional countries, including
Ireland, South Africa, Namibia and Brazil. The project alone is valued at
approximately $600,000 and is expected to be completed by the end of July.
Hyperion Planning is a budgeting and forecasting solution from Oracle that
integrates operational and financial planning processes. UniOne is an
Oracle partner based in Latin America.
Anglo American, who reported 2007 operating revenues of $10.1 billion, is a
global leader in mining whose core mining business is focused on industrial
minerals, coal, base and ferrous metals, platinum and diamonds. Anglo
American has operations and development projects in North and South
America, Europe, Australia and Africa. The Company's Base Metals division
concentrates on copper, zinc, nickel and mineral sands and has interests in
16 projects in seven countries.
UniOne, based in Sao Paulo, Brazil, also has an office in Santiago, Chile,
and focuses on providing Business Intelligence (BI) as well as Enterprise
Resource Planning (ERP), Business Performance Management (BPM), Customer
Relationship Management (CRM) and Services Oriented Architecture (SOA)
consulting services throughout Latin America. For more information on
UniOne, please visit www.unione.com.br.
NewMarket Technology and UniOne
NewMarket Technology is currently working to consolidate UniOne into the
Company's Latin American subsidiary. The Latin American subsidiary is a
recent acquisition which is in the process of being brought current with
its reporting requirements in order to move back to the OTCBB. NewMarket's
Latin American subsidiary is a U.S.-based company headquartered in Sao
Paulo, Brazil, with consolidated operations throughout Latin America. The
Latin American subsidiary is a premier business intelligence and systems
integration firm, representing technologies from leaders such as Microsoft,
Oracle, and Oracle's recently acquired Hyperion. UniOne serves major
globally-based customers in various sectors such as Oil and Gas, Consumer
Products, Mining, Financial Services, and Pharmaceuticals. Customers
include Brasil Telecom, Avon, DHL and others. A more extensive list of
clients can be found at http://www.unione.com.br/clientes.asp.
Recent Q1 2008 Financial Review Webcast
NewMarket CFO Philip J. Rauch conducted a Webcast last week to review first
quarter 2008 financials. The Company recently reported $20.9 million in Q1
2008 revenue, a 15% increase in revenue over Q1 2007, and $1.2 million in
net income, a 94% increase in net income over Q1 2007 before adjustments
for foreign currency exchange. An archive of the Webcast can be accessed at
"Current Events and Communications" under the NewMarket Investor Relations
webpage at http://www.newmarkettechnology.com/investor-relations.htm.
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.
"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.