NWMT, NewMarket Technology, Inc., NWMT.PK
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NewMarket Technology, Inc.’s Sales in China Boost 2009 $100 Million
Revenue and Profit Outlook
Tuesday September 8, 2009
NewMarket Technology, Inc.’s Sales in China Boost 2009 $100 Million Revenue and Profit Outlook
DALLAS, TX–(CRWENEWSWIRE - 09/08/09) - NewMarket Technology, Inc. (Pinksheets:NWMT) has its financial results independently audited in compliance with SEC regulations. The Company’s current financial reports are on file with the SEC and available for public review. The Company recently posted on its website a strategic update, on-demand Webcast hosted by Board Member Hugh G. Robinson, Retired Major General and Former Chairman of the Dallas Federal Reserve. The Webcast includes a review of the Company’s $95 million in revenue in 2008, $100 million profitable revenue forecast for 2009 and an overview of recent Microsoft sales contracts that are part of $63 million in new business. Over $30 million of the new business contracts have been signed in China. Revenue from China was $17 million through the first six months of 2009 contributing $1.1 million of net income. Sales in China are expected to grow to $50 million in 2009.
Board Member Retired Major General Hugh G. Robinson
Mr. Robinson is a former Chairman of the Dallas Federal Reserve and a retired Major General with a distinguished career serving in the United States Army. Among other prestigious posts, Mr. Robinson served as President Lyndon Johnson’s military aide de camp. In addition to his public service experience, Mr. Robinson’s career has included extensive executive management experience with senior positions at Southland Corporation and City Place Development Corporation. He is a graduate of the United States Military Academy at West Point and earned a Masters Degree in Civil Engineering from the Massachusetts Institute of Technology (MIT). In addition to his role at NewMarket Technology, Mr. Robinson currently serves on the board of Carmax, Inc., the LBJ Foundation and the Better Business Bureau.
NewMarket Technology Strategic Update Webcast
A link to the Webcast titled ‘NewMarket Strategic Update Webcast (September 1, 2009)’ is available on the Home page and the Investor Relations page of the NewMarket website www.newmarkettechnology.com. For assistance accessing or listening to the Webcast, please email ir@newmarkettechnology.com or call 214-722-3065.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.
NewMarket’s rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row. The Company is eligible again this year and results will be posted in the fall.
“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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
Source: NewMarket Technology, Inc.
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