Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
NewMarket Technology, Inc. Resale Partners in China Lenovo and HP Featured in Wall Street Journal on Increased Sales Resulting From Chinese Economic Stimulus
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - September 24, 2009) - NewMarket Technology, Inc. (PINKSHEETS : NWMT ) is
scheduled to review year-to-date sales and provide a preview of anticipated
sales through the rest of 2009 in an on-demand exclusive webcast tomorrow,
Friday, September 25th.
The Company has reported over $43 million in profitable revenue for the
first six months of 2009. NewMarket has already announced approximately $65
million in new sales contracts so far this year. Another $15 million
contract is pending and the Company has announced a sales pipeline that
could exceed $100 million in new contracts signed by year end. The Friday
presentation will include a discussion of a potential increase to
NewMarket's current 2009 $100 million revenue forecast.
NewMarket's 2009 success may in part be credited to a $586 billion Chinese
government subsidy program designed to stimulate the nation's economy by
encouraging spending in rural areas. NewMarket's operation in China has
been a leading performer compared to the Company's other regional
operations. The majority of its Chinese operation's sales today come from
areas in China that are outside of major cities. Yesterday, the Wall
Street Journal featured the sales programs implemented in China by Lenovo
Group Ltd. and Hewlett-Packard Co. to expand sales in the Chinese
countryside and benefit from the $586 billion Chinese government economic
stimulus program.
The article by Loretta Chao on the front page of the Wall Street Journal
Business Section reported:
"Globally, PC shipments have dropped in recent quarters as spending by
companies and consumers has decreased. But in China -- where about 40
million PCs are sold annually, making it the world's second largest PC
market after the U.S. -- sales have continued to grow, albeit at slower
rates."
The article can be found in its entirety at:
http://online.wsj.com/article_email/SB125366214543432237-lMyQjAxMDI5NTIzMzYyNjMyWj.html.
NewMarket is a systems integrator and value added reseller of major global
hardware and software brands. NewMarket's subsidiary operation within the
Chinese domestic market sells Lenovo and Hewlett-Packard products. Brands
the subsidiary sells and supports in China also include Dell, IBM, Cisco,
Sony, Epson, Canon and Sanyo. Additionally, the subsidiary is an
authorized reseller of operating system, database, middleware and
application software from Microsoft, Red Hat, Oracle, Sybase, IBM, BEA,
Veritas and others.
A link to the Webcast will be available on the Company's website
www.newmarkettechnology.com upon release.
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.
"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.