Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com http://www.newmarkettechnology.com
NewMarket Technology, Inc. Named One of the Fastest Growing Dallas Public Companies on Top 200 List With ExxonMobil, EDS, Southwest Airlines and Texas Instruments
Company Grew 25% in 2007 to $93.1 Million in Revenue With $7.3 Million in Net Income and Anticipates 20% Organic Sales Growth in 2008
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - April 29, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced that the Company has been named to the Dallas Business Journal's
annual Top 200 Public Companies List. The list features the Top 200 Public
Companies in Dallas-Fort Worth based on annual revenue. NewMarket was
ranked the #20 fastest growing public company, and #123 overall, up two
spots from last year, and the third highest ranking OTC or OTCBB company on
the list. NewMarket Technology has experienced award-winning growth as it
has expanded from approximately $1 million in annual revenue in 2002 to
$93.1 million in 2007.
2008 Revenue Goal and Upcoming Strategic Plan Update Webcast
The Company recently announced a Webcast scheduled for 4:30 pm EDT on May
8, 2008 to present a strategic plan update, in which the Company intends to
announce an increase to the Company's 2008 forecast. Management has
previously provided guidance of an anticipated 20% increase in 2008 revenue
over 2007.
A link to the Webcast will be available at the Company's Investor Relations
webpage 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.
2007 Financial Review Webcast Now Available
CFO Philip J. Rauch recently held a webcast to discuss the Company's 2007
financial results and recent shareholder questions. NewMarket reported
$93.1 million in revenue for 2007, a 20% increase in revenue from organic
operational growth over 2006, and $7.3 million in net income, a 25%
increase in net income over 2006 before adjustments for foreign currency
exchange. An archive of the call can be accessed under "Current Events and
Communications" on the NewMarket Investor Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm.
Updated Corporate Overview
An updated corporate overview including NewMarket's 2007 financial results
and an overview of the Company's systems integration and emerging
technology business and operations in North America, Asia and Latin America
is now available on the Company's Investor Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm under "Corporate
Fact Sheets."
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.