Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. to Provide Microsoft Services for 481 Banesco Universal Bank Branches
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 10, 2008) - NewMarket Technology, Inc. (OTCBB : NMKTE ) today
announced the Company's regional subsidiary, RKM IT Solutions, has signed
an agreement to migrate the IT systems of Banesco Universal Bank
(www.banesco.com) to a Microsoft-based environment. The contract includes
all 481 bank branches and will involve the upgrade of their servers and
workstations. RKM will provide these services in conjunction with Microsoft
of Venezuela. Not including this contract, NewMarket recently announced
results for the first half of this year for its Latin American business of
$12.6 million in profitable revenue with a regional goal of $30 million for
2008 through its operations in Brazil, Chile and Venezuela. NewMarket
reported $93.1 million in profitable revenue globally in 2007 across all
Company operations.
NewMarket Regional Microsoft Services and Partnership
RKM is fourth largest Microsoft Large Account Reseller (LAR) in Venezuela,
having recently achieved an overall Microsoft sales increase of 235.78%
over the previous fiscal year. RKM is also an Enterprise Software Advisor
(ESA) in South America.
Mid-Market and corporate customers in Latin America seek out the services
of LAR/ESAs when implementing large
Microsoft-based IT projects. Through this partnership with Microsoft, RKM
offers high volume licensing, specifically "Enterprise Agreement" (EA) and
"Select" for companies with more than 250 PCs and support services to large
enterprises and institutional customers.
Additionally, RKM's President Samuel Gamarra is Vice President of the
International Association of Microsoft Certified Partners (IAMCP) Venezuela
chapter. IAMCP (www.iamcp.org) is an international organization that
represents Microsoft's top partners from around the globe.
Corporate Information and E-mail Updates
To learn more about NewMarket Technology's global technology services,
please contact sales@newmarkettechnology.com or 972-386-3372. 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.