Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket Technology, Inc. CEO Philip Verges to Present at AFRALTI WiMax Conference January 19-21, 2009 in Kenya
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - December 9, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
CEO Philip M. Verges is scheduled to present at the African Advanced Level
Telecommunications Institute (AFRALTI) WiMax Conference being held January
19-21, 2009 in Nairobi, Kenya. NewMarket's presentation will encompass
Information and Communication Technologies (ICT) solutions for
municipalities with an emphasis on the Company's experience in emerging
economies. NewMarket Technology is a technology systems integration firm
concentrating on the rapidly growing technology needs of high growth
emerging markets around the world. The company already has established
operations in the emerging economies of Latin America, China and South East
Asia and reported $93.1 million in revenue in 2007.
The conference will focus on the WiMax marketplace and explore the upcoming
advances in wireless technology. Attendees at the conference will include
government officials and regulators, WiMax service providers, equipment
manufacturers, software providers and systems integrators.
Last year, NewMarket participated in the "Connecting Rural Communities
Africa Forum 2007" in Nairobi, Kenya. NewMarket was invited to participate
in the Forum based on the Company's footprint in emerging markets and
experience implementing emerging technologies, such as Wi-Fi solutions for
municipalities.
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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.
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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
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