CEO Radio Network Interviews NewMarket Technology, Inc. CEO Philip
Verges Featuring Company's Book Value of $0.29 per Share vs. Recent
Close of $0.10 per Share
Tuesday September 16, 9:30 am ET
Micros Report Recently Updated NewMarket Research Report
Recommending a Speculative Buy and a Fair Value Target Price of $0.78
DALLAS, TX--(MARKET WIRE)--Sep 16, 2008 -- NewMarket Technology,
Inc.'s (OTC BB:NMKTE.OB - News) CEO Philip Verges conducted an
interview with John McDermott of CEO Radio Network this morning. The
interview highlights the Company's year-to-date progress toward the
Company's $120 million 2008 revenue goal and continued financial
maturity. The interview should be available later today and can be
accessed at
www.ceoradionetwork.com. Click on "Company Webcasts" and
login or register. Registration is free.
NewMarket Year-To-Date Highlights
-- $25 million in new sales contracts YTD, revenue expected to be
recognized in Q3 and Q4 -- $43 million revenue and $2 million net
income through Q2 -- $120 million profitable revenue for FY '08 --
Increased revenue from North America, to balance sales in China, SE
Asia and Latin America -- Managed Services Business rollout -- $100
Million M&A Pipeline -- $60 Million under Letter of Intent
Micros Report Update Highlights Price to Book Ratio of only $0.29
Underscoring the Company's Undervalued Nature and Sets 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 emphasizes the Company's book value of $62 million
compared to its current market capitalization of only $18 million.
NewMarket's fully diluted book value is $0.25 per share and its
undiluted book value per share is $0.30, compared to a recent close of
merely $0.085 per share. "The Company's Price-to-Book ratio has become
so low, that the discount in the Company's share price seems
glaring... It is important to point out that NMKTE currently trades
well below its book value. Established firms practically never trade
below their intrinsic value. This fact alone should see NMKTE above
$0.295 a share which would be exactly 1x book value," Mr. Willingham
stated in his update.
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. |