NewMarket Technology, Inc. Highlights Terms of Everex Agreement
and Anticipated Benefits in Yesterday's Webcast
Friday June 27, 10:42 am ET
DALLAS, TX--(MARKET WIRE)--Jun 27, 2008 -- NewMarket Technology,
Inc. (OTC BB:NMKT.OB - News) management conducted a Webcast yesterday
to address NewMarket's recently announced binding agreement to acquire
a 75% interest in Everex (http://biz.yahoo.com/iw/080623/0409526.html).
Highlights from the Webcast include:
-- A valuation of the 75% interest to be acquired -- Everex's
cornerstone role in NewMarket's mobility strategy -- Additional
benefits to shareholders of NewMarket and the NewMarket family of
companies, to include the validation and resource benefit of
establishing a strategic partner (FIC), North American sales being
brought into balance with the Company's rapidly growing sales in Asia
and Latin America , financial improvements to overall operations and
enhanced channel to Western markets for Chinese operations -- No
reverse split has been planned in conjunction with this transaction --
No NewMarket Technology common stock, or a security which would
subsequently result in the later issue of NewMarket Technology common
stock will be used in the transaction
An archive of the Webcast is available at the Company's corporate
Website Investor Relations page at
http://www.newmarkettechnology.com/investor-relations.htm
under "Current Events and Communications."
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. |