NewMarket Technology, Inc. to Acquire Everex, a Respected Brand Name in Personal Computing Reporting Approximately $60 Million in Revenue in 2007

Monday June 23, 5:00 pm ET

In Part of Comprehensive Plan to Launch a National Mobility Solution, NewMarket Signs Binding Agreement With FIC to Acquire 75% Interest in Everex

DALLAS, TX--(MARKET WIRE)--Jun 23, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) has entered into a binding agreement with First International Computer, Inc. (FIC) to acquire a 75% interest in Everex. The acquisition is part of a comprehensive plan to build a national mobility technology solution. Source: NewMarket Technology, Inc. 

Everex

Established in 1983, and headquartered in Fremont, California, Everex is one of the most experienced and trusted brands in the personal computer industry. As a market leader in producing innovative products, Everex has sold millions of PCs and peripheral components worldwide. Everex annual sales in 2007 were approximately $60 million.

Mobility Technology Solution

Everex will be the cornerstone of NewMarket's previously announced mobility technology solution. Everex recently introduced the CloudBook -- an ultra mobile, low cost and lightweight portable computer. The CloudBook is WiMax enabled in preparation for the soon coming next generation in ubiquitous network access.

September 2008 Closing and Purchase Agreement Details

The definitive and binding agreement between NewMarket and FIC is targeted to be complete by September of this year. The terms of the agreement are confidential. Because of the magnitude of the of the transaction, the NewMarket Board of Directors has determined it is in the best interest of the Company to retain outside investment banking advice to assess the overall financial impact to NewMarket. The analysis report will be completed well before the targeted September closing.

NewMarket Technology, Inc.

NewMarket is a technology innovation company. The Company has established a core systems integration business (similar to IBM and EDS) selling and servicing recognized technology solutions from brand name leaders such as Microsoft and Oracle. The core systems integration service accounts for approximately 70% of the Company's approximate $100 million in annual revenue and creates a channel to market for introducing a portfolio of new technologies that account for the balance of the Company's revenue. The Company has further accelerated its sales growth by concentrating business development efforts in the world's fast growing emerging regional economies. Asia and South America account for the majority of NewMarket's sales today. In addition to launching a mobility solution offering, the acquisition of Everex will bring NewMarket's North American sales in balance with its foreign region sales.

First International Computer, Inc. (FIC)

FIC is a dominant force in the technology market both in research and development, and manufacturing. As Computer, Communication and Consumer Electronics (3C) markets have converged, FIC has introduced many new and innovative 3C products, becoming a respected leader in the 3C industry, adding to the Company's long history of producing award winning motherboards. FIC will be a strategic supplier to the NewMarket mobility business.

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.