Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. Schedules Webcast to Announce Corporate and Management Realignment to Support Overall Market Repositioning
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - June 4, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) has
scheduled a Webcast for Monday, June 9, 2008 at 9 am EDT to announce a
corporate and management realignment to support an overall repositioning of
the Company in the marketplace.
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.
NewMarket has just concluded a management summit meeting at the Company
headquarters in Dallas, Texas. Senior management from the Company's
operations in Asia, South America and North America met to finalize plans
to reposition NewMarket in the marketplace. The Company has rapidly grown
from $1 million in revenue in 2002 to reporting $93.1 million in revenue
with $7.3 million in net income in 2007. However, the Company's share
price has not reflected the Company's fundamental financial
performance. The Company's business model is admittedly complicated. The
Company's independent listing of subsidiary operations has also proven
complicated for the market to embrace. In response, the Company will
realign existing assets and reassign current management to improve the
Company's fundamental growth potential and at the same time, simplify and
clarify the Company's business model.
"NewMarket has achieved tremendous profitable growth by focusing on the
early stage technology market in the world's developing economic regions,"
said Philip Verges CEO. "Our strategy has been entrepreneurial and less
than conventional. As a corporation of more substantial size, it is
necessary for the Company to realign its operations to be more in line with
recognized industry practices and standards. As an entrepreneurial
organization in 2002 we did not have access to the industry tools enjoyed
by larger organizations such as commercial and investment banking
services. As a more substantial operation today, we can support aggressive
growth with the tools enjoyed by larger organizations, but first we have to
transition from our entrepreneurial practices into the industry practices
and standards expected by the market. We plan to continue as an innovator
and leader in the emerging technology market, concentrating on the world's
developing economic regions. We will do so on an operating platform that
integrates standard industry practices. "
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.