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PGNF-DMOIE-NMKT:MN1.com to Conduct Audio/Video Interview with NewMarket Technology, Inc. CEO Philip Verges at 9:30 AM CST on Financial Performance and Recent Rapid Progress in Listing Additional Subsidiaries
Business Wire - December 14, 2006 14:28
Record Revenue Quarter of $18.9 Million in Revenue and $2.7 Million YTD Net Income Beacon Equity Research Note Issued Recently Reiterating $0.78 Target Price


DALLAS, Dec 14, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) CEO Philip Verges will be featured tomorrow on Market News First (www.mn1.com) for an exclusive audio and video interview with the MN1 news team. The interview is scheduled for Dec. 15, 2006, at 9:30 AM CST.

NewMarket Technology has announced a series of significant corporate developments that will be discussed:

-- Recently reported record revenues of $18.9 million for the 3rd quarter of FY 2006

-- Year-to-date net income was of $2.7 million before currency translation

-- Shareholder equity is up over $41 million at the end of the 3rd quarter, up 45% from same quarter last year ($41.3m v. $28.5m)

-- Revenue for first 9 months 2006 up 53% from first 9 months of 2005 ($53.2m v. $34.8m)

-- Gross profit for first 9 months 2006 up 14% from first 9 months 2005 ($15.0m v. $13.2m)

-- Net income (after currency translation) for first nine months 2006 up 127% over first nine months 2005 ($2.7m v. $1.2m)

-- Company on track to meet forecast of $70 million in revenue for 2006

-- Management has divulged existence of $200 million pipeline of potential revenue being pursued

-- Increased its revenue forecast for their recently listed NewMarket China operations (OTCBB:IICP) to $40 Million for 2007 vs. $20 Million forecasted for 2006

-- NewMarket was recognized this year by Deloitte as the 5th fastest growing technology company in North America

-- CEO Philip Verges recently purchased 1 million shares of NewMarket

Beacon Equity Research recently released an research update on NewMarket Technology recently, stating, "The latest announcements on merging NewMarket's Latin American operations into Paragon Financial (OTC:PGNF) along with the most recently announced planned combination of its WiFi's investments into Diamond I (OTCBB:DMOIE) further validates our confidence in reiterating our Outperform rating and price target of $0.78 on NewMarket's stock." Beacon summed up their research note with, "NewMarket has reiterated its optimistic outlook with a FY07 revenue forecast of $120 million purely from organic growth and assuming no acquisitions. Given NewMarket's legacy of rapidly growing through both organic growth and acquisitions, if the company is successful in meeting its projections then our forecast may prove conservative."

SOURCE: Market News First

NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
[e-mail]
www.newmarkettechnology.com
or
Market News First
Stephen Sandifer, 214-461-3418
http://www.mn1.com/