Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Announces Friday Webcast to Review 2008 Revenue and Net Income Increases Reported in China
Webcast to Include Preview of Transaction Announced Tuesday to Accelerate Independent Listing of Latin American Operations
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - April 1, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
has scheduled a Webcast for Friday, April 3, 2009, to review its Chinese
operating subsidiary's 2008 financial results. NewMarket has previously
announced that the Company anticipates reporting record revenue and
improved operating margins in its upcoming 2008 annual report. The
Company's reported revenue and net income increases in China contribute to
management's expectations of reporting comprehensive record revenue and
operating margin improvements. As indicated in the corporate Webcast
released last week, NewMarket has filed an extension to complete the
consolidated financial report for the entire Company. In 2007, the Company
reported its highest overall sales ever with $93.1 million in revenue and
$7.3 million in net income. The Company's overall revenue for the trailing
twelve months as of September 31, 2008 exceeded $105 million.
Webcast Friday, April 3, 2009
The Company is scheduled to release a Webcast on Friday, April 3, 2009 to
review its Chinese operating subsidiary's reported 2008 results and preview
the upcoming consolidated financial report for the entire Company. The
Webcast is also scheduled to include an overview of the non-binding letter
of intent agreement with Worldwide Strategies, Inc. announced yesterday to
accelerate the independent listing of the Company's Latin American
operations.
A link to the Webcast will be released on Friday, and the Webcast will be
available for viewing on demand on the corporate website.
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.