Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. Announces Continued 20% Organic Revenue Growth in 2008 to Be Augmented by Additional Revenue Growth From Acquisitions
Company Releases Summary From Last Week's Town Hall Featuring the Theme of "Higher Purpose and Higher Profit Through Global Small Business Investing"
| Quelle: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - January 23, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT )
conducted its Annual Town Hall meeting last week on Thursday, January 17th.
The day following the Town Hall meeting, the Company introduced its first
ever Emerging Market Seminar featuring lessons learned from the Company's
experience in Asia and Latin America.
2007 Revenue and Net Income Growth
During the Town Hall, management reviewed the Company's growth in 2007
approaching $100 million in profitable revenue, compared to reporting $77.6
million for 2006 with $5.8 million in net income. The company has begun
the annual financial review process with results expected to be filed at
the end of March.
Continued High Growth from Chinese Operations
NewMarket China, Inc. (OTCBB : NMCH ) management was also on hand to present
growth in 2007 from operations in China approaching $40 million, over $29.5
million reported in 2006.
20% Forecasted Organic Revenue Growth in 2008 Augmented by Acquisitions
NewMarket management forecasted ongoing 20 percent revenue growth in 2008
from organic sales to be augmented by additional revenue growth from
anticipated acquisitions. Management did not share any specific details on
anticipated acquisitions other than indicating that no NewMarket Stock
would be issued in any acquisition in 2008.
The Town Hall also addressed progress on the company's unique stock
dividend strategy, progress on NewMarket Latin America, Inc. (PINKSHEETS : NLAI ), and plans for an upgraded listing.
Town Hall Video to be Available on NewMarket Website
A video of the Town Hall will be available on the NewMarket website
shortly, under the Media Center section.
Emerging Market Seminar
This year, the company added an informative and educational seminar on
investment and doing business in global emerging markets to the Annual Town
Hall event. The purpose of the Seminar was to provide information to
shareholders and other interested parties on the opportunities and
challenges of doing business in global emerging markets, including those
where NewMarket Technology has experienced rapid growth, specifically China
and Brazil. China has the second largest world GDP (PPP) with over 10%
annual growth and Brazil is the largest economy in Latin America and the
ninth largest GDP (PPP) in the world.
Seminar Guests Panelists
Guest panelists included William Weiss, Honorary Consul for the Republic of
Malta and Jesus Domingo, United Nations Minister from the Philippines. The
seminar also focused on the frontier markets of Africa with special guest
panelists, Joseph Wambia, of Wambia Capital, and formerly from the World
Bank and Sanmi Akinmulero, President of the African Chamber of Commerce in
Dallas - Ft. Worth.
Dallas Morning News Article
NewMarket Technology and the Emerging Market Seminar were featured in the
Dallas Morning News, and the article can be read in its entirety at
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-newmarket_18bus.ART.State.Edition1.2af810d.html.
Keynote Speaker
Dan Sanders, author of New York Times and USA Today National Bestseller,
"Built to Serve," was the Keynote Speaker for the seminar. Sanders
currently serves as CEO of United Supermarkets, a 91-year-old,
billion-dollar chain of family-owned grocery stores. Sanders believes the
"global business culture is broken" and can be fixed by creating long-term
sustainability through investing in all the company's stakeholders.
A video of Sander's speech will be available on the NewMarket Technology
Website under Media Center soon.
Higher Purpose and Higher Profit
The theme from the two days of seminars was "Higher Purpose and Higher
Profit through Global Small Business Investing." NewMarket has grown
significantly in Asia and Latin America, illustrating how a small business
can make a difference profitably by bringing technology and investment to
and by creating jobs in developing regions of the world.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive company
updates, please send an e-mail to ir@newmarkettechnology.com.
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.