Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Features OTCBB Audited Reporting Standard in Webcast Presentation on Recent $100 Million Milestone and $1.42 PPS Potential vs. $0.38 PPS
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - October 19, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT )
today released an on-demand Webcast to present the price per share
potential impact following a $100 million milestone achievement announced
last week. Beacon Equity Research recently published a report that included
a speculative buy recommendation with a price target of $1.42. The webcast
features an overview of the Company's current fully reporting compliance
with OTCBB standards and application the Company's intent to list on the
OTCBB and OTCQX quotation systems.
Last week, the Company announced a letter of intent to provide $36 million
in outsourcing services to Aoyuan Electronic Co. ltd in Dalian, China over
three years. The letter of intent agreement was executed by NewMarket's
operating subsidiary in China. The finalization of the $36 million
contract will increase the total revenue value of NewMarket's 2009
outsourcing sales contracts to over $100 million.
A link to the Webcast is available on both the corporate website homepage
and investor relations page at www.newmarkettechnology.com titled
'NewMarket Milestone Webcast.'
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the
Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with
the SEC. NewMarket provides systems integration, technology infrastructure
services and emerging technology worldwide. NewMarket has a focus on
providing technology and support services to rapidly growing economies
where technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the growing
economies of China, Southeast Asia, Brazil and Northern Latin America. Last
year the Company reported over $40 million in revenue from Asia and over
$20 million in revenue from Latin America. Overall, NewMarket reported over
$95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes
various computer hardware and peripherals from brand partners such as Dell,
HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized
reseller of operating systems and various software from companies such as
Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company
works with emerging technologies such as mobile computing, various security
and wireless broadband technologies.
NewMarket's rapid growth since 2002 has placed the Company on the Deloitte
Technology Fast 500 for 5 consecutive years. NewMarket was recognized as
the third fastest growing technology company in the United States in 2006
and the number one fastest growing technology company in North Texas for
two years in a row.
"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.