NewMarket Technology, Inc. Recommended as Speculative Buy in
Research Report Highlighting Book Value of $0.29 Per Share vs. Recent
Close of $0.10
Monday September 15, 9:25 am ET
Micros Report Issued Research Report Update Following CEO Webcast
Friday Reviewing $120 Million Profitable 2008 Revenue Forecast and M&A
Update
DALLAS, TX--(MARKET WIRE)--Sep 15, 2008 -- NewMarket Technology,
Inc. (OTC BB:NMKTE.OB - News) CEO Philip M. Verges conducted a Webcast
on Friday, September 12, 2008. During the Webcast, Mr. Verges
discussed the Company's year-to-date progress towards achieving its
$120 million revenue goal and current M&A projects, including a
binding agreement to acquire a 75% interest in Everex. Additional
Webcast Highlights:
-- 2008 Sales Update
-- 2008 M&A Update
-- $120 million profitable revenue for FY '08
-- Increased gross margins
-- Reduced expenses as a % of income
-- Improved working capital
-- Reduced liabilities
-- $25 million in new sales contracts YTD
-- $43 million revenue and $2 million net income YTD
-- Increased revenue from North America
-- Managed Services Business rollout
-- $100 Million M&A Pipeline
-- $60 Million under Letter of Intent
-- August 28, 2008 SEC Form 8-K
-- Share Price Performance
A link to the Webcast is available on the Company's corporate
Website Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm titled "NewMarket
Technology Year-to-Date Corporate Update" under "Current Events and
Communications."
Micros Report Update Highlights Book Value of $0.29 Per Share vs.
Recent Close of $0.10 with Fair Value Target Price of $0.78
Michael Willingham, Micros Report Director of Research, recently
issued an update to his November 2007 research coverage on NewMarket.
Mr. Willingham stated in his recent update, "If the market wakes up
to the true value being built in this Company, there will be a
significant reversal of fortunes in the share price."
The update highlights the Company's book value of $62 million
compared to its current market capitalization of $18 million.
NewMarket's fully diluted book value is $0.29 per share compared to a
recent close of $0.09 per share.
The report goes on to assign a Fair Value Target price for
NewMarket stock of $0.78 per share: "This $0.78 fair value estimate is
assigned based upon what NMKTE has already achieved as a company in
regards to their historical profitability, historical revenue, and
future projections. Based upon the past five years' results, the
future growth of the company has a high probability of continuing. If
the company can continue to grow revenue and profits both organically
and through acquisitions while keeping the outstanding shares in
check, even higher stock prices should be expected in the future."
Interested parties may contact ir@newmarkettechnology.com to
receive a copy of the report.
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. |