Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
NewMarket Technology, Inc. Announces Webcast to Review Positive Q3 Financial Report and Preview Encouraging Q4 Progress Toward $120 Million 2008 Revenue Objective
Webcast Scheduled for Friday, November 21 at 12:00pm EST Highlighting 36% Net Income Increase to $3.7 Million and 20% Revenue Increase to $76 Million
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - November 19, 2008) - NewMarket Technology, Inc. (PINKSHEETS : NMKT )
management will be conducting a Webcast Friday, November 21, 2008 at 12:00
pm EST to review third quarter and year-to-date (YTD) earnings results.
During the Webcast, NewMarket management will review the Company's third
quarter SEC financial filings and continued progress towards the Company's
$120 million 2008 revenue goal.
NewMarket reported $76 million in revenue for the first nine months of 2008
with net income of $3.7 million. Net income has increased 36% and revenue
has increased 20% in the first nine months of 2008 compared to the same
period last year. The Company reported $2.7 million in net income on $63
million in revenue through the third quarter of 2007. In 2007, NewMarket
reported $93.1 million in revenue and $7.3 million in net income.
A link to the Webcast is available prior to the event on the Company's
corporate Website Investor Relations page at
www.newmarkettechnology.com/investor-relations.htm under "Current Events
and Communications." An archive of the webcast will be available for
review after the event.
Corporate Information and E-mail Updates
To find out more about NewMarket Technology or to be added to NewMarket
Technology's e-mail database to receive company updates, please send an
e-mail to
ir@newmarkettechnology.com or call 214-722-3065.
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 systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, 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.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.