NewMarket Technology, Inc. Increases 2006 Annual Revenue Growth Forecast to 40% Over 2005 After Reporting $34.2 Million In Profitable Revenue In First Six Months of 2006
8/16/2006 3:54:04 PM
DALLAS, Aug 16, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. ( NMKT ) today released a letter to shareholders and interested investors discussing the Company's 3000% growth from $2.2 million in revenue in 2002 to the current rate of more than $65 million in annualized revenue. The letter from CEO Philip Verges addresses the Company's current focus on consolidating and reinforcing existing operations to support continued rapid growth. Mr. Verges also announces the second annual revenue increase this year. The letter will be included in its entirety on the Company website at www.newmarkettechnology.com.
About NewMarket Technology Inc. ( www.newmarkettechnology.com)
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. 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 ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
"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.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
Copyright Business Wire 2006
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