-- Cash position up 58% over last year ($5.2m v. $3.3m)
-- Stockholder's equity up 29% from year-end 2006 ($58.3m v. $45.2m)
Statement of Operations:
-- Revenue for 2007 up 20% from 2006 ($93.1m v. $77.6m)
-- Revenue for 4th quarter 2007 up 21% over 4th quarter 2006 ($29.6m v.
$24.5m)
-- Gross profit for 2007 up 18% from 2006 ($25.8m v. $21.9m)
-- Net income (before currency translation) for 2007 up 25% from 2006
($7.3m v. $5.9m)
-- Net income for 4th quarter 2007 up 28% over 4th quarter 2006 ($4.6m v.
$3.6m)
Corporate Overview Now Available on Yahoo! Finance
A NewMarket Technology Corporate Overview Report is now available on Yahoo!
Finance (http://finance.yahoo.com/q?s=NMKT.OB ) under the company's stock
chart at "Download Annual Report" or on the NewMarket Investor Relations
webpage at http://www.newmarkettechnology.com/investor-relations.htm under
"Corporate Fact Sheets."
The Report features NewMarket's systems integration and emerging technology
business and operations in North America, Asia and Latin America. The
Company has expanded from approximately $1 million in annual revenue in
2002 to $93.1 million in 2007.
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.
Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com