PGNF ... NMKT connection PR from Wednesday ... Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Recommended at $0.78 PPS vs. Current $0.29 Following Record 3rd Qtr $18.9 Million Revenue and $2.7 Million YTD Net Income Wednesday November 29, 10:35 am ET
Beacon Equity Research Outperform Rating of NewMarket's Innovative Tech Strategy to Be Reviewed at Company Town Hall December 7th in New Orleans
DALLAS, TX--(MARKET WIRE)--Nov 29, 2006 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) will review its award winning business strategy designed specifically for the converging Telecom and Information Technology (IT) industries at next week's Company Town Hall Meeting on December 7th in New Orleans. ADVERTISEMENT
Record Financial Performance
NewMarket reported record quarterly revenue for its 3rd fiscal quarter of $18.9 million with a net for the period that doubled the year-to-date (YTD) net income to $2.7 million. The Company has already reported revenue of $53.1 million through the first three quarters of the year and expects to meet its profitable revenue forecast of $70 million for 2006. This forecast was revised upward from an original forecast of $57 million in revenue. Management has released a preliminary 2007 forecast of $120 million in revenue with the increase projected to result from an organic sales increase. Any acquisitions would add to this current forecast
Beacon Equity Research Values NewMarket at $0.78 PPS vs. Current $0.29
Beacon Equity Research just released an independent analyst report rating NewMarket as an "Outperform." Beacon calculated a conservative fair market value of $0.78 per share for NewMarket common stock compared to NewMarket's current $0.29 PPS. Beacon derived the fair market value utilizing both a discounted cash flow analysis, as well as discounted peer comparison.
5th Fastest Growing Tech Company in North America on Deloitte Fast 500
NewMarket ranked Number 5 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.
NewMarket Town Hall Meeting
Shareholders and interested investors are encouraged to attend the NewMarket Technology Annual Town Hall December 7th in New Orleans to learn more about the Company's business plan, review 2006 performance and plans to continue rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007. For details on times, venue and discounted travel arrangements available to attendees please visit www.newmarkettechnology.com. If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
Anyone interested in receiving a copy of the Beacon Equity Analyst Research Report may email ir@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 to include Microsoft, Cisco Systems, Hyperion Solutions, SAP, Siebel and Sun Microsystems. 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting and financial advisory services -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.
In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's Web site at www.deloitte.com/us.
"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: Contact: NewMarket Technology, Inc. Rick Lutz Investor Relations 404-261-1196 ir@newmarkettechnology.com http://www.newmarkettechnology.com
-------------------------------------------------------------------------------- Source: NewMarket Technology, Inc.
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