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NewMarket Technology, Inc. Management to Review 36% Net Income Increase to $3.7 Million and 20% Revenue Increase to $76 Million Through 3rd Quarter 2008 in Boca Raton on November 25
Third Quarter Webcast Scheduled for Friday, November 21 at 12:00 PM EST
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DALLAS, TX -- (Marketwire) -- 11/18/08 -- NewMarket Technology, Inc. (PINKSHEETS: NMKT)management has scheduled a corporate update presentation for interestedshareholders and potential investors on Tuesday, November 25, 2008 in BocaRaton, Florida. NewMarket reported $76 million in revenue for the firstnine months of 2008 with net income of $3.7 million. Net income hasincreased 36% and revenue has increased 20% in the first nine months of2008 compared to the same period last year. The Company reported $2.7million in net income on $63 million in revenue through the third quarterof 2007. A reservation is required to attend the presentation. Interestedparties should contact NewMarket Investor Relations atir@newmarkettechnology.com or 214-722-3065.
Third Quarter Financial Webcast
NewMarket management will conduct a Webcast, Friday, November 21 at 12:00pm EST to review third quarter 2008 financials.
A link to the Webcast will be available at the Company's corporate WebsiteInvestor Relations page atwww.newmarkettechnology.com/investor-relations.htm under "Current Eventsand Communications." An archive of the Webcast will be availableafterwards for review.
NewMarket Ranked #7 in Deloitte Texas Fast 50
NewMarket Technology recently has been named seventh in Deloitte'sprestigious Technology Fast 50 Program for Texas, a ranking of the 50fastest growing technology, media, telecommunications, and life sciencescompanies in the area by Deloitte LLP, one of the nation's leadingprofessional services organizations. Rankings are based on the percentagerevenue growth over five years from 2003-2007.
NewMarket CEO Philip M. Verges credits the Company's emerging marketstrategy and success in building robust operations in South America andAsia with the Company's 3,867 percent revenue growth from 2003-2007. Formore information on Deloitte's Technology Fast 50 or Technology Fast 500programs, visit www.fast50.com.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive companyupdates or to obtain more information on the Company, please send an e-mailto ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaininglegacy systems and gaining a competitive edge from the latest technologyinnovations. NewMarket provides certified systems integration andmaintenance services to support the prevailing industry standard solutionsfrom companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebeland Sun Microsystems. Concurrently, NewMarket continuously seeks to acquireemerging technology assets to incorporate into an overall product portfoliocarefully packaged to complement the prevailing industry standardsolutions.
NewMarket delivers its portfolio of products and services through itsnetwork of Solution Integration subsidiaries in North America and theleading emerging markets around the world to include Latin America, Chinaand Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States andNumber Five in North America on Deloitte's 2006 Technology Fast 500, aranking of the 500 fastest growing technology, media, telecommunicationsand life sciences companies in North America. Rankings are based onpercentage revenue growth over five years, from 2001-2005. The Company grewfrom less than $1 million in revenue in 2001 to over $50 million inprofitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million inrevenue with a net income of $5.8 million in 2006 and most recently $93.1million in revenue with a net income of $7.3 million in 2007.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTOF 1995
This press release contains forward-looking statements that involve risksand uncertainties. The statements in this release are forward-lookingstatements that are made pursuant to safe harbor provision of the PrivateSecurities Litigation Reform Act of 1995. Actual results, events andperformance could vary materially from those contemplated by theseforward-looking statements. These statements involve known and unknownrisks and uncertainties, which may cause NewMarket's actual results infuture periods to differ materially from results expressed or implied byforward-looking statements. These risks and uncertainties include, amongother things, product demand and market competition. You shouldindependently investigate and fully understand all risks before makinginvestment decisions.
Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
NewMarket management will conduct a Webcast, Friday, November 21 at 12:00pm EST to review third quarter 2008 financials.
A link to the Webcast will be available at the Company's corporate WebsiteInvestor Relations page atwww.newmarkettechnology.com/investor-relations.htm under "Current Eventsand Communications." An archive of the Webcast will be availableafterwards for review.
NewMarket Ranked #7 in Deloitte Texas Fast 50
NewMarket Technology recently has been named seventh in Deloitte'sprestigious Technology Fast 50 Program for Texas, a ranking of the 50fastest growing technology, media, telecommunications, and life sciencescompanies in the area by Deloitte LLP, one of the nation's leadingprofessional services organizations. Rankings are based on the percentagerevenue growth over five years from 2003-2007.
NewMarket CEO Philip M. Verges credits the Company's emerging marketstrategy and success in building robust operations in South America andAsia with the Company's 3,867 percent revenue growth from 2003-2007. Formore information on Deloitte's Technology Fast 50 or Technology Fast 500programs, visit www.fast50.com.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive companyupdates or to obtain more information on the Company, please send an e-mailto ir@newmarkettechnology.com or call 214-722-3065.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaininglegacy systems and gaining a competitive edge from the latest technologyinnovations. NewMarket provides certified systems integration andmaintenance services to support the prevailing industry standard solutionsfrom companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebeland Sun Microsystems. Concurrently, NewMarket continuously seeks to acquireemerging technology assets to incorporate into an overall product portfoliocarefully packaged to complement the prevailing industry standardsolutions.
NewMarket delivers its portfolio of products and services through itsnetwork of Solution Integration subsidiaries in North America and theleading emerging markets around the world to include Latin America, Chinaand Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States andNumber Five in North America on Deloitte's 2006 Technology Fast 500, aranking of the 500 fastest growing technology, media, telecommunicationsand life sciences companies in North America. Rankings are based onpercentage revenue growth over five years, from 2001-2005. The Company grewfrom less than $1 million in revenue in 2001 to over $50 million inprofitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million inrevenue with a net income of $5.8 million in 2006 and most recently $93.1million in revenue with a net income of $7.3 million in 2007.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTOF 1995
This press release contains forward-looking statements that involve risksand uncertainties. The statements in this release are forward-lookingstatements that are made pursuant to safe harbor provision of the PrivateSecurities Litigation Reform Act of 1995. Actual results, events andperformance could vary materially from those contemplated by theseforward-looking statements. These statements involve known and unknownrisks and uncertainties, which may cause NewMarket's actual results infuture periods to differ materially from results expressed or implied byforward-looking statements. These risks and uncertainties include, amongother things, product demand and market competition. You shouldindependently investigate and fully understand all risks before makinginvestment decisions.
Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 http://www.newmarkettechnology.com
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