NewMarket Technology Inc. NMKT) released a statement to investors today from CEO Philip Verges providing an
update regarding recently announced strategic initiatives.
Mr. Verges said, "NewMarket continues to execute through a
transition from a start-up concern to slowly being recognized by Wall
Street as the high growth sustainable operation it has become today.
The reporting of healthy financial performance with fundamentally
sound profits and balance sheet growth is at the core of this
transition. We expect to complement our record revenue and profit
recently reported for year end 2005 with a solid First Quarter 2006
financial report. NewMarket enjoyed 101% revenue growth in 2005 over
2004 reporting $50.1 million with $2.9 million in net income. Our
First Quarter 2006 10Q filing will include record revenue from our
rapidly expanding operations in Latin America. From NewMarket's entry
into Latin America in 2004 in Venezuela, we have expanded operations
into 5 Latin American countries to date and finished 2005 with revenue
of over $9 million. Our Latin America business report will include the
first consolidation of the recently acquired Unione Consulting in Sao
Paulo, Brazil. Last year, Unione booked profitable revenues of
approximately $14 million.
To enhance NewMarket's transition, we have initiated a number of
strategic initiatives to support continued fundamental financial
performance -- for instance, the recent expansion of our Board of
Directors. Of particular interest to shareholders is our announced
intention to reduce the fully diluted issued and outstanding and
management's plan to purchase NewMarket stock in the open market. A
reduction in the fully diluted issued and outstanding will be
reflected in conjunction with the quarterly report. Management has
recently completed the prerequisite organizational requirements and
legal reviews to execute on a stock purchase program. In the coming
weeks, shareholders can anticipate the SEC filings required when
management make additional investments in the company.
As a result of recent coverage on our record year in revenue and
net income, NewMarket increased its shareholder base. We endeavor to
set ourselves apart from other micro cap public companies through
frequent shareholder communications. I encourage new shareholders to
add their e-mail address to our database for receipt of all press
releases and other industry information by sending a request to
ir@newmarkettechnology.com."
About NewMarket Technology Inc. (www.newmarkettechnology.com)
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 to
include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun
Microsystems (Nasdaq:SUNW). Concurrently, 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.
NewMarket delivers its portfolio of products and services through its
global network of Solution Integration subsidiaries in North America,
Latin America, China and Singapore. As a Systems Innovator, NewMarket
has set itself apart from the systems integration market through the
introduction of a technology business model that monetizes the value
of emerging technologies to improve corporate profits and enhance
shareholder value with the regular issue of dividends. NewMarket
recently ranked Number 13 on the 2005 Deloitte Technology Fast 500, a
ranking of the 500 fastest growing technology companies in North
America. Rankings are based on the percentage of revenue growth over
five years from 2000-2004. NewMarket's revenue increased 18,082
percent during this period. The financial results achieved have been
three years of rapid, profitable growth from $2.3 million in revenue
in 2003 to over $50 million in 2005.
This press release contains statements (such as projections
regarding future performance) that are forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those projected as a result
of certain risks and uncertainties, including but not limited to those
detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
KEYWORD: NORTH AMERICA SOUTH AMERICA TEXAS UNITED STATES VENEZUELA BRAZIL
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE EARNINGS
SOURCE: NewMarket Technology, Inc.
CONTACT INFORMATION:
NewMarket Technology, Inc., Dallas
Rick Lutz, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
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