NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced the Company's corporate ticker symbol will change from (PINKSHEETS: NMKT) to "NWMT" effective at the opening of the market today, Friday, July 31. The corporate ticker change has been executed in conjunction with a publicly disclosed plan to reduce the number of issued and outstanding common shares. This is part of an overall plan to gain share price traction and improve the potential return on investment for shareholders. Yesterday, NewMarket announced an exclusive on-demand Webcast scheduled to be released Tuesday, August 4, 2009. The Webcast is expected to include updates on operations year-to-date, to include the Company's regional operations in Asia and Latin America, and the strategy to support an increased price per share. Management anticipates reporting increased profitable revenue for 2009 overall compared to 2008 with contracts from the first half of the year coming on line and continued strong sales in the second half of the year. The Company reported revenue growth in 2008 to $95 million with a positive operating income.
The Webcast will be available for viewing on-demand. A link for accessing the Webcast is scheduled to be available on the Company's corporate website on Tuesday, August 4, 2009.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, 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 $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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
