Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
Micros Report Updates NewMarket Technology, Inc. Research Report Highlighting Book Value of $0.29 Per Share vs. Recent Close of $0.09 With Fair Value Target Price of $0.78
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 12, 2008) - NewMarket Technology, Inc. (OTCBB : NMKTE )
announces a research report update from Micros Report. Michael Willingham,
Micros Report Director of Research, initiated research coverage and
published his first report on NewMarket in November 2007.
Mr. Willingham stated in his recent update, "If the market wakes up to the
true value being built in this Company, there will be a significant
reversal of fortunes in the share price."
$0.29 Per Share Book Value vs. $0.09 Per Share Recent Close
The update highlights the Company's book value of $62 million compared to
its current market capitalization of $18 million. NewMarket's fully
diluted book value is $0.29 per share compared to a recent close of $0.09
per share.
Fair Value Target Price of $0.78
The report goes on to assign a Fair Value Target price for NewMarket stock
of $0.78 per share -- "This $0.78 fair value estimate is assigned based
upon what NMKTE has already achieved as a company in regards to their
historical profitability, historical revenue, and future projections. Based
upon the past five years' results, the future growth of the company has a
high probability of continuing. If the company can continue to grow revenue
and profits both organically and through acquisitions while keeping the
outstanding shares in check, even higher stock prices should be expected in
the future."
Interested parties may contact ir@newmarkettechnology.com to receive a copy
of the report.
Please see important disclosures at the end of the report.
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 (OTCBB : NMKTE ), previously under NMKT (OTCBB : NMKT ), helps
clients maintain the delicate balance between maintaining legacy systems
and gaining a competitive edge from the latest technology innovations.
NewMarket provides certified integration and maintenance services to
support the prevailing industry standard solutions such as Microsoft, 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. In 2006, the company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
About Micros Report
Micros Report is an investment research company providing qualitative and
quantitative analysis of the small cap investment universe. Director of
Research Michael Willingham provides the necessary information to trade
intelligently in the small-cap market. Mike has a background in
professional money management and has passed the required tests to be
recognized by the NASD as a Supervisory Research Analyst. He brings this
investment know-how to his audience every trading day.