Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Signs More Sales Contracts Year-to-Date Than Anticipated and Plans to Announce 2008 Forecast Increase in May 8 Webcast
Company Reported 2007 20% Revenue Increase to $93.1 Million From Organic Sales Growth With a 25% Net Income Increase to $7.3 Million
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - April 30, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) today
announced better than expected sales performance year-to-date. The Company
has signed more contracts and added more sales revenue than anticipated.
Management anticipates second quarter financial results to begin reflecting
the increased revenue from the better than expected sales performance
year-to-date.
Strategic Update Webcast 4:30 pm EDT, May 8, 2008
NewMarket will conduct a scheduled Webcast at 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 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.
Updated Corporate Overview Now Available
An updated corporate overview including 2007 financial results and
NewMarket's systems integration and emerging technology business and
operations in North America, Asia and Latin America is now available on the
Company's corporate website Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm under "Corporate
Fact Sheets." 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.