DALLAS, TX--(Marketwire - January 24, 2008) - NewMarket Technology, Inc. (
OTCBB:
NMKT)
conducted the Company's Annual Town Hall and first Emerging Market Seminar
last week at the Fairmont in Dallas, Texas. Yesterday, the company released
a summary of the company's Town Hall meeting
(
http://biz.yahoo.com/iw/080123/0351959.html), detailing the Company's
growth in 2007 approaching $100 million as well as plans for continued 20%
organic revenue growth in 2008 augmented by mergers and acquisitions.
Today, the Company has posted videos from the Town Hall and the PowerPoint
presentations on their corporate website, which are available at
http://www.newmarkettechnology.com/media.htm. Additionally, CEO Philip
Verges has written a letter to shareholders, included in its entirety
below, to further explain the overall theme of last week's meetings,
"Higher Purpose and Higher Profit Through Global Small Business Investing."
Dear Fellow Stakeholders:
NewMarket Technology, Inc. conducted its Annual Town Hall meeting last
Thursday followed Friday by our first ever Emerging Market Seminar. At the
Town Hall, the Company reviewed the company's business strategy, results
for 2007 and plans for 2008. The theme of both the Town Hall and the
Emerging Market Seminar was NewMarket's commitment to a "Higher Purpose and
Higher Profitability." NewMarket is finding profitable opportunity and
creating jobs in some of the world's overlooked developing economic regions
by delivering technology solutions that facilitate the development of much
needed basic infrastructure services such as communications, water and
electric power. Relative to NewMarket's approximate $100 million in annual
revenue, the Company has established substantial operations in Asia and
South America with new business development underway in Africa and the
Middle East. As an example, the link below is to a recent article on a
NewMarket project in Brazil to establish a broadband wireless network that
will facilitate the metering of water and electric utilities in addition to
serving as a platform for mobile telephones.
http://www.lactec.com.br/ImpreDestaques/Noticias/2007/Dezembro/16-12-07.html.
Sustainable Emerging Market Economic Growth and a Counter Recessionary
Strategy
NewMarket generates jobs and supports sustainable economic growth in
developing economic regions by starting or investing in technology
companies indigenous to the developing economic regions where the company
has projects. NewMarket's regional operations in China have grown to $27.9
million in revenue and the Latin American Operations have an estimated
$16.5 million in revenue as of Q3 2007.
As NewMarket concentrates on growing small technology businesses in global
emerging economic regions to include Brazil and China, the Company's
message is timely in light of the United States economy's recent
recessionary concerns. Emerging market growth remains strong -- China's
growth is over 10% per year and Brazil is now the largest economy in Latin
America, including Mexico -- while U.S. economic growth slows.
Additionally, small businesses have historically outperformed large
businesses in challenging economies. Further still, a resurgence of small
business investment is often central to turning around a struggling
economy.
High Growth from Global Emerging Markets
At the Town Hall meeting, Company management reviewed our growth from less
than $1 million in revenue in 2002 to approaching $100 million in
profitable revenue in 2007. Top management from Latin America, China, as
well as the United States, was all on hand at the meeting. Management
attributed the growth to the Company's "Higher Purpose" commitment to bring
technology and company investment into the world's emerging and frontier
markets. Today, NewMarket has over $50 million in profitable revenue from
Asia and Latin America, illustrating how a small business can make a
difference profitably by bringing technology, investment and creating jobs
in the regions of the world where it is most needed. NewMarket has
initiated business development in Africa and the Middle East as well.
High Profit Potential from Emerging Market Investment
Since 2002, NewMarket has increased its shareholder equity from a
negligible value to over $50 million, demonstrating how an investment in a
"Higher Purpose" can generate a "High Profit" potential. At the Town Hall,
management shared lessons learned as a high growth company listed on the
public micro-cap market over the past five years and how other small
businesses could learn from NewMarket's experience. Management emphasized
lessons in progress, such as being one of the first micro-cap companies to
create a business plan to regularly dividend stock from independently
listed subsidiaries. This is a new structure and not one with examples for
our legal team to follow. As evidenced by the Company's increased
shareholder equity and dramatic revenue and profit growth, the pursuit of a
"Higher Purpose" has been profitable for NewMarket. Nevertheless, the
Company currently finds itself with a book value exceeding our market
capitalization value. With the Company's price per share not yet aligning
to the Company's fundamental financial success, the company's profitable
growth has not yet been consistently translated into a realized profit for
all NewMarket shareholders. Our graduation from a micro-cap exchange onto
a next tier exchange and the issue of stock from an independently listed
subsidiary operation through a dividend distribution are high priorities
and, we believe, are significant steps toward converting a potential "High
Profit" into a realized "High Profit" for all NewMarket shareholders.
It's a Small Business World After All
The majority of the world's Gross Domestic Product (GDP) is produced by
small businesses, including 50% of the GDP in the United States. The
majority of the world's population is employed by small businesses, to
include over 50% of jobs in the United States coming from small businesses,
not to mention that 80% of new jobs each year in the Unites States come
from small businesses. Even though small businesses deliver more economic
benefit to the world's population, large businesses dominate the attention
of the investment banking and commercial banking markets in addition to
dominating the attention of most national government policy makers.
NewMarket and all of its subsidiaries and affiliates worldwide that have
made the Company's growth possible are small businesses. Small business
will continue to be a core part of NewMarket's continued success. We
believe small business should get more attention. Other small businesses
in the United States and around the world share that same belief. While
NewMarket hosted the first Emerging Market Seminar, the seminar would not
have been possible without the contribution of many other small businesses
that participated in multiple ways. We are joining up with many of them to
help host future seminars focused on business in emerging markets as well
as investing in small businesses globally. Look for a website to be
launched shortly and look for future events from the group, now calling
itself Smallbusinessinc.net.
Town Hall Videos Available on NewMarket Technology Website
The video recordings of our Town Hall are available on our corporate
website under Media Center (
http://www.newmarkettechnology.com/media.htm).
Watch and learn more about the company, our progress and the theme of
"Higher Purpose and Higher Profit."
NewMarket is excited about making 2008 a great year and we appreciate your
investment.
Thank you,
Philip Verges
CEO & Chairman
NewMarket Technology, Inc.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive company
updates, please send an e-mail to
ir@newmarkettechnology.com.
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 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.
"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.
Contact Information: Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
http://www.newmarkettechnology.com