NewMarket Technology, Inc. CFO Reviews $20.9 Million First Quarter 2008 Revenue and $1.2 Million Net Income in Webcast Yesterday

Thursday May 22, 9:08 am ET

DALLAS, TX--(MARKET WIRE)--May 22, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) CFO Philip J. Rauch conducted a Webcast yesterday to review first quarter 2008 financials. The Company recently reported $20.9 million in Q1 2008 revenue, a 15% increase in revenue over Q1 2007, and $1.2 million in net income, a 94% increase in net income over Q1 2007 before adjustments for foreign currency exchange. An archive of the Webcast can be accessed at "Current Events and Communications" under the NewMarket Investor Relations webpage at http://www.newmarkettechnology.com/investor-relations.htm.  Webcast Highlights

-- Revenue and Net Income growth by quarter from Q1 2003 - Q1 2008
-- Balance Sheet and Statement of Operations highlights and discussion
-- Shareholder Equity and Total Asset growth
-- Increased 2008 Revenue Forecast to $120 m, a 30% increase over 2007 revenue of $93.1m
-- Possible increased revenue forecast to $150m-$185m resulting from potential acquisitions
-- Focus on improving bottom line and capital structure stability

Financial Report Highlights

-- Cash position up 74% over Q1 2007 ($4.71m v. $2.7m)
-- Working Capital up 92% over Q1 2007 ($22.6m v. $11.8m)
-- Revenue up 15% from Q1 2007 ($20.9m v. $18.1m)
-- Shareholders' Equity Increased 24% over Q1 2007 ($60.2m v. $48.5m)
-- Income from Operations up 133% from Q1 2007 ($1.3m v. $559k)
-- Net Income (before currency translation) up 94% from Q1 2007 ($1.2m v. $599k)
-- Net Income (after currency translation) up 35% from Q1 2007 ($1.54m v. $1.15m)
-- Total Assets increased 15% over Q1 2007 ($76.2m v. $66.2m)
-- Gross Margin increased to 24% from 20% for the same period last year

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.