Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Releases Webcast Reviewing Management Buyback, YTD Performance and Optimistic 2009 Expectations
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - March 5, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
today released a management Webcast on its website.
Highlights from the Webcast include:
-- Anticipated record sales for calendar year 2008
-- 2008 audit underway, due March 31, 2009
-- $105 million in trailing 12 month revenue (as of 9-30-08)
-- 20% revenue increase 1st nine months '08 v. '07
-- 36% net income increase 1st nine months '08 v. '07
-- 2009 Kickoff: $5M project engaged in January with all revenue in '09
-- Management Buyback
-- Greenfield Strategic Expansion: Africa, Mobility, Asia, Central America
-- Financial Crisis Watch, including current resources:
Entrepreneurs Lead Us Out of the Crisis, by Tom Hayes & Michael Malone,
Wall Street Journal, 2/23/2009:
http://online.wsj.com/article/SB123544318435655825.html
Remembering the Dawn of the Age of Abundance, by Peggy Noonan, Wall Street
Journal, 2/20/2009: http://www.peggynoonan.com/article.php?article=457
Fragenomics, by Philip Verges, NewMarket Technology, Inc., 2/4/2009:
ir@newmarkettechnology.com
The Webcast is now available for review on the Company website. A link to
the webcast titled '2009 YTD Review Webcast (March 5, 2009)' is available
on the Investor Relations page of the Company website under Current Events
and Communications at:
http://www.newmarkettechnology.com/investor-relations.htm.
For assistance accessing or listening to the webcast, please email
ir@newmarkettechnology.com or call 214-722-3065.
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.