NewMarket Technology, Inc. Reports 15% First Quarter 2008 Revenue Increase to $20.9 Million and 94% Net Income Increase to $1.2 Million Compared to First Quarter 2007

Wednesday May 21, 9:20 am ET

First Quarter 2008 Earnings Webcast Scheduled for Today, Wednesday, May 21, 2008 at 5:00 pm EDT

DALLAS, TX--(MARKET WIRE)--May 21, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today that the Company has filed SEC Form 10-Q reporting its performance for the first quarter of 2008. NewMarket reported $20.9 million in revenue for the first quarter of 2008, reflecting a 15% increase in revenue over the first quarter of 2007. Net income before currency translation for the first quarter of 2008 increased 94% to $1.2 million compared to $599,000 for the same period last year. The Company recently increased its 2008 revenue forecast to 30% over its 2007 revenue of $93.1 million with a net income of $7.3 million. NewMarket anticipates approximately $120 million in 2008 revenue. The increased forecast came after the Company experienced better than expected new sales contract performance year to date. The revenue benefit from the new sales contracts is anticipated within the remainder of the 2008 calendar year.

NewMarket's revenue has historically demonstrated a seasonal cycle, generally increasing from the first quarter through the fourth quarter. (See Chart)

Financial Highlights

-- Stockholders' equity increased 24% compared to same quarter last year ($60.2m v. $48.5m)

-- Total assets increased 15% compared to same quarter last year ($76.2m v. $66.2m)

-- Revenue increased 15% compared to same quarter last year ($20.9m v. $18.1m)

-- Gross margin increased to 24% from 20% for the same period last year

-- Net income (before currency translation) for 1st quarter 2008 increased 94% from 1st quarter 2007 ($1.2m v. $599k)

-- Net income (after currency translation) for 1st quarter 2008 increased 35% over 1st quarter 2007 ($1.54m v. $1.15m)

First Quarter Financial Webcast

NewMarket management will conduct a Webcast, today, May 21 at 5:00 pm EDT to review first quarter 2008 financials.

A link to the Webcast is available at the Company's corporate Website Investor Relations page at www.newmarkettechnology.com/investor-relations.htm  under "Current Events and Communications" or by going to http://www.vcall.com/IC/CEPage.asp?ID=119083.  An archive of the Webcast will be available afterwards for review.

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.