NewMarket Technology, Inc. Named One of the Fastest Growing Dallas
Public Companies on Top 200 List with ExxonMobil, EDS, Southwest
Airlines and Texas Instruments
Company Grew 25% in 2007 to $93.1 Million in Revenue with
$7.3 Million in Net Income and Anticipates 20% Organic Sales Growth in
2008
DALLAS, TX – April 29, 2008 – NewMarket Technology, Inc. (OTCBB:
NMKT) today announced that the Company has been named to the Dallas
Business Journal’s annual Top 200 Public Companies List. The list
features the Top 200 Public Companies in Dallas-Fort Worth based on
annual revenue. NewMarket was ranked the #20 fastest growing public
company, and #123 overall, up two spots from last year, and the third
highest ranking OTC or OTCBB company on the list. NewMarket Technology
has experienced award-winning growth as it has expanded from
approximately $1 million in annual revenue in 2002 to $93.1 million in
2007. 2008 Revenue Goal and Upcoming Strategic Plan Update Webcast The
Company recently announced a Webcast scheduled for 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 Investor Relations webpage 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. 2007 Financial
Review Webcast Now Available CFO Philip J. Rauch recently held a
webcast to discuss the Company's 2007 financial results and recent
shareholder questions. NewMarket reported $93.1 million in revenue for
2007, 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. An archive
of the call can be accessed under "Current Events and Communications"
on the NewMarket Investor Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm.
Updated Corporate Overview An updated corporate overview including
NewMarket’s 2007 financial results and an overview of the Company’s
systems integration and emerging technology business and operations in
North America, Asia and Latin America is now available on the
Company's Investor Relations webpage at
http://www.newmarkettechnology.com/investor-relations.htm
under "Corporate Fact Sheets."
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. | |
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