Contact Information: Contact: NewMarket Investor Relations ir@newmarkettechnology.com 214-722-3065
NewMarket Technology, Inc. Webcast Scheduled for Tomorrow at 4:05 pm EDT to Discuss Everex Transaction Details and Anticipated Benefit
Increased North American Revenue to Balance Current Foreign Revenue; Major Retail Recognition to Enhance Brand; Strategic Equity Partner
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - June 25, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced the Company will conduct a Webcast tomorrow, Thursday, June 26,
2008 at 4:05 pm EDT to discuss the Company's recently announced binding
agreement with Everex.
NewMarket Technology,
Inc. to Acquire Everex, a Respected Brand Name in Personal Computing
Reporting Approximately $60 Million in Revenue in 2007
The Webcast will briefly highlight the benefits of the transaction for
NewMarket shareholders and shareholders in the family of independently
listed NewMarket subsidiaries. Benefits include increased North American
revenue to balance the company's current revenue predominantly from Asia
and South America. Additionally, NewMarket anticipates brand name
enhancement from Everex's existing product placement in major retail
outlets to include Circuit City, Best Buy and Wal-Mart. As the Everex
seller remains a 25% stakeholder in Everex, NewMarket also establishes a
strategic equity partnership in the transaction. The Webcast will include
additional details and anticipated benefits associated with the
transaction.
A link to the Webcast will be available at the Company's corporate Website
Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm under "Current
Events and Communications" or by going to
http://www.vcall.com/IC/CEPage.asp?ID=119083. An archive of the Webcast
will be available afterwards for review.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive company
updates, please send an e-mail to ir@newmarkettechnology.com.
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 communication contains forward-looking statements that involve risks
and uncertainties. The statements in this communication 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.