NewMarket Technology, Inc. Announces CEO Update Webcast With
Company on Track to Meet $120 Million Profitable Revenue Forecast and
Previously Announced M&A Projects
Tuesday September 9, 9:45 am ET
CEO Webcast to Include Update Regarding August 28, 2008 SEC Form
8-K
DALLAS, TX--(MARKET WIRE)--Sep 9, 2008 -- NewMarket Technology,
Inc. (OTC BB:NMKTE.OB - News) CEO Philip M. Verges will conduct a
Webcast at 12:30 pm EDT on Friday, September 12, 2008. During the
Webcast, Mr. Verges will discuss the Company's year-to-date progress
towards achieving its $120 million revenue goal, current M&A projects,
including a binding agreement to acquire a 75% interest in Everex, as
well as the Company's recent 8-K filed on August 28, 2008. Prior to
the Webcast a link will be available on the Company's corporate
Website Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm under
"Current Events and Communications."
$25 Million in New Contracts to Augment Existing $93 Million
Customer Base
The Company reported $43.7 million in revenue for the first six
months of 2008 with a net income of $2 million. In 2007, the Company
reported $93.1 million in revenue with $7.3 million in net income.
Separately, the Company recently announced record year-to-date sales
contracts with new clients expected to contribute an additional $25
million in revenue in the second half of 2008 (http://biz.yahoo.com/iw/080808/0423300.html).
Corporate Information and E-mail Updates
To learn more about NewMarket Technology's global technology
services, please contact
sales@newmarkettechnology.com or 972-386-3372. 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. |