NewMarket Technology, Inc. to Increase 2008 Forecast in Strategic
Plan Update Webcast Scheduled for May 8, 2008
Company Reported 2007 20% Revenue Increase to $93.1 Million from
Organic Sales Growth with a 25% Net Income Increase to $7.3 Million
DALLAS, TX – April 28, 2008 - NewMarket Technology, Inc. (OTCBB:
NMKT) today announced a scheduled Webcast at 4:30 pm EDT on May 8,
2008 to present a strategic plan update, in which the Company intends
to announce an increase to the Company’s 2008 forecast. Management has
previously provided guidance of an anticipated 20% increase in 2008
revenue over 2007.
A link to the Webcast will be available at the Company’s corporate
website Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm
under "Current Events and Communications" or by going to
http://www.vcall.com/IC/CEPage.asp?ID=119083.
Updated Corporate Overview Now Available
An updated corporate overview including 2007 financial results and
NewMarket's systems integration and emerging technology business and
operations in North America, Asia and Latin America is now available
on the Company’s corporate website Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm
under "Corporate Fact Sheets.". The Company has expanded from
approximately $1 million in annual revenue in 2002 to $93.1 million in
2007.
Company Information and 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 or its
Chinese subsidiary, 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. |