NewMarket Technology, Inc. Schedules 2007 Financial Review Webcast
for Wednesday, April 16, at 4:30 PM EDT
Company Recently Reported 20% Revenue Increase to $93.1 Million in
2007 with 25% Net Income Growth to $7.3 Million on SEC Form 10-K
Annual Report
DALLAS, TX – April 15, 2008 – NewMarket Technology, Inc. (OTCBB:
NMKT) today announced CFO Philip J. Rauch will conduct an audio
Webcast tomorrow, April 16, 2008 at 4:30 p.m. EDT to discuss the
Company's 2007 financial results. The Company recently reported $93.1
million in revenue, a 20% increase in revenue from organic operational
growth over 2006, and $7.3 million in net income, a 25% increase in
net income over 2006 before adjustments for foreign currency exchange.
The call is being Webcast by Vcall and can be accessed at
http://www.vcall.com/IC/CEPage.asp?ID=128380 or under
“Current Events and Communications” under the NewMarket Investor
Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm. A
recording of the call will be archived and available afterwards for
review. Financial Report Highlights Balance Sheet: · Cash position up
58% over last year ($5.2m v. $3.3m) · Stockholder's equity up 29% from
year-end 2006 ($58.3m v. $45.2m)
Statement of Operations:
- Revenue for 2007 up 20% from 2006 ($93.1m v. $77.6m)
- Revenue for 4th quarter 2007 up 21% over 4th quarter 2006
($29.6m v. $24.5m)
- Gross profit for 2007 up 18% from 2006 ($25.8m v. $21.9m)
- Net income (before currency translation) for 2007 up 25% from
2006 ($7.3m v. $5.9m)
- Net income for 4th quarter 2007 up 28% over 4th quarter 2006
($4.6m v. $3.6m)
Corporate Overview Now Available on Yahoo! Finance A NewMarket
Technology Corporate Overview Report is now available on Yahoo!
Finance (http://finance.yahoo.com/q?s=NMKT.OB
) under the company’s stock chart at “Download Annual
Report" or on the NewMarket Investor Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm
under “Corporate Fact Sheets”. The Report features NewMarket's systems
integration and emerging technology business and operations in North
America, Asia and Latin America. The Company has expanded from
approximately $1 million in annual revenue in 2002 to $93.1 million in
2007.
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
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. |