NewMarket Technology (fka NWMT)

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STRONG UPGRADE OUT

NewMarket Technology, Inc. Receives Strong Upgrade by Respected Research Firm; Management Reports 2005 Un-audited Revenue Growth of $50 Million

March 08, 2006 09:00:16 (ET)


DALLAS, Mar 08, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT, Trade) is pleased to announce a well-respected firm TSC, has upgraded their equity rating on NMKT. This strong upgrade comes at a time when the company announced adding an additional $14 million in revenue for 2006 by delivering services to Colombia Telecom and a large Florida Competitive Local Exchange Carier (CLEC) catering to the North American Hispanic Market. The upgrade is also due in part to NewMarket growing at a rapid pace from $2.3 million in revenue in 2003 to over $50 million in un-audited revenue in 2005. Recently NewMarket was named in 2005 as the 13th fastest growing technology firm in North America on the Delloitte Technology Fast 500. Rankings are based on percentage of revenue growth from 2000-2004.

TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.

To view the entire independent research report, please click on the attached URL: http://www.otclive.com or visit: http://www.newmarkettechnology.com.

Mr. Philip Verges, CEO of New Market Technology, Inc. states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This provides further confirmation to our shareholders that our company is headed in the right direction". Mr. Verges further stated, "We anticipate 2006 to be another record year for our company. During the last four years, our revenues have increased over 18,000 percent. In 2006 we project continued year over year record growth with fully consolidated business unit revenue of $87.5 million. Recently, in our first quarter of 2006, we entered into a $14 million contract with Colombia Telecom and a large Florida Competitive Local Exchange Carrier (CLEC). We have executed an agreement to acquire UniOne in Sao Paulo, Brazil which reported $14 million in profitable 2005 revenue (un-audited). In order to better manage our rapid growth, we signed former Chairman and Board Member of the Federal Reserve Bank of Dallas, Hugh G. Robinson to join our NewMarket Board of Directors."

About NewMarket Technology Inc.

NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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. NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries.