Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc.'s RKM IT Solutions Signs $1.01 Million Contract Renewal to Outsource Helpdesk for Bigott Cigars
Contract Renewal Is an Estimated 23% Increase Over 2008 Contract
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - March 17, 2009) - NewMarket Technology, Inc.'s (PINKSHEETS : NMKT )
subsidiary RKM IT Solutions recently renewed its annual services agreement
with Bigott Cigars of South America to outsource their entire helpdesk
services for the third consecutive year. RKM successfully provided Bigott's
helpdesk services in 2007 and 2008. The contract value is estimated at
$1.01 million and represents an approximate 23% increase over last year's
contract.
Bigott Cigars (www.bigott.com.ve) is a more than 80-year-old, high-quality
tobacco producer headquartered in Venezuela. Bigott controls 87% of the
market share in Venezuela and markets their products to the public under
the brands Belmont, Consul, Lucky Strike, Kent and Viceroy. Additionally,
Bigott is the first private company in Venezuela to contribute to the state
treasury and a member of the British American Tobacco Group. The British
American Tobacco Group, more than 100 years old, has 81 factories in 64
countries and controls 14.6% of the world market.
RKM is a 16-year-old systems integration firm based in Venezuela. RKM is
the fourth largest Microsoft Large Account Reseller in Venezuela and
recently received the prestigious Associate of the Year in Advanced
Infrastructure Solutions award at FOCUS 2009. Additionally, President
Samuel Gamarra currently serves as Vice President of the International
Association of Microsoft Certified Partners Venezuela.
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About NewMarket Technology, Inc. (http://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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forward-looking statements. These statements involve known and unknown
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