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NewMarket Technology, Inc. CEO to Review $0.24 PPS Target Price, Q3 20% Revenue Growth, 36% Net Income Growth and Strong Q4 Sales in Boca Raton Shareholder Presentation
Presentation to Include Updates on Recent SEC Small Business Forum and FINRA Limit Order Protection Rule
DALLAS, TX -- (Marketwire) -- 11/25/08 -- NewMarket Technology, Inc. (PINKSHEETS: NMKT)management is scheduled to present a corporate update for interestedshareholders and potential investors today at 12:00 pm EST in Boca Raton,Florida. Those interested in attending should contact NewMarket InvestorRelations at ir@newmarkettechnology.com or 214-722-3065.
Third Quarter Webcast Available Now Online
The Company conducted its third quarter earnings Webcast on Friday,November 21. During the Webcast, Mr. Verges discussed the Company'syear-to-date progress towards achieving its $120 million revenue goal, abusiness and overall industry update as well as an outlook for theremainder of 2008.
Additional Webcast Highlights:
-- $76 million in revenue YTD, a 20% increase over the same period last year-- $32.4 million in revenue reported for Q3 2008-- $3.7 million in net income YTD, a 36% increase over the same period last year-- Potential management buyback-- Q4 2008 sales update-- Update on the current state and changing face of the PIPE Industry-- FINRA limit order protection rule-- SEC Forum on Small Business Capital Formation held November 20, 2008
A link to the Webcast archive is available on the Company's corporateWebsite Investor Relations page atwww.newmarkettechnology.com/investor-relations.htm titled "NewMarketTechnology 3rd Quarter 2008 Financial Review" under "Current Events andCommunications."
Micros Report Research Update with Target Price of $0.24
NewMarket has been rated a Speculative Buy with a price target of $0.24 byMicros Report in an updated research note.
Interested parties may contact ir@newmarkettechnology.com to receive a copyof the report.
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. For more information onDeloitte's Technology Fast 50 or Technology Fast 500 programs, visitwww.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.
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Contact:NewMarket Technology, Inc.Investor Relationsir@newmarkettechnology.com214-722-3065http://www.newmarkettechnology.com
The Company conducted its third quarter earnings Webcast on Friday,November 21. During the Webcast, Mr. Verges discussed the Company'syear-to-date progress towards achieving its $120 million revenue goal, abusiness and overall industry update as well as an outlook for theremainder of 2008.
Additional Webcast Highlights:
-- $76 million in revenue YTD, a 20% increase over the same period last year-- $32.4 million in revenue reported for Q3 2008-- $3.7 million in net income YTD, a 36% increase over the same period last year-- Potential management buyback-- Q4 2008 sales update-- Update on the current state and changing face of the PIPE Industry-- FINRA limit order protection rule-- SEC Forum on Small Business Capital Formation held November 20, 2008
A link to the Webcast archive is available on the Company's corporateWebsite Investor Relations page atwww.newmarkettechnology.com/investor-relations.htm titled "NewMarketTechnology 3rd Quarter 2008 Financial Review" under "Current Events andCommunications."
Micros Report Research Update with Target Price of $0.24
NewMarket has been rated a Speculative Buy with a price target of $0.24 byMicros Report in an updated research note.
Interested parties may contact ir@newmarkettechnology.com to receive a copyof the report.
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. For more information onDeloitte's Technology Fast 50 or Technology Fast 500 programs, visitwww.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.
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Contact:NewMarket Technology, Inc.Investor Relationsir@newmarkettechnology.com214-722-3065http://www.newmarkettechnology.com
For more information, go to www.marketwire.com
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