NewMarket Technology, Inc. (Pinksheets:NWMT - News) has scheduled an on-demand Webcast for Thursday, September 17, 2009 to present the Company’s plan to align share price and fundamental financial performance. The presentation will include an overview of the Company’s intention to apply for listing on the OTCQX where companies such as Adidas, BASF, Peugeot and Benetton are currently listed.
Among other benefits, the OTCQX (www.otcqx.com) is considered a first step toward a NASDAQ or NYSE listing. NewMarket is currently a fully-reporting public company with audited financial reports filed with the SEC and available for public review. The Company reported $95 million in revenue in 2008 and has reported over $43 million in profitable revenue for the first six months of 2009. Historically, NewMarket reports increased revenues in the second half of the year and accordingly expects to realize $100 million in profitable revenue by year end 2009.
Management believes the Company is undervalued and has previously announced a near-term goal to realize a suggested fair value target price per share of $1.00 and as high as $2.50. NewMarket has recently recapitalized in conjunction with an upgraded listing plan in an overall strategy to align share price and fundamental financial performance. In the Webcast next Thursday, the Company plans to present an overview of the comprehensive plan to facilitate a potential share price increase. The plan includes an upgraded listing and a dividend intended to provide shareholders with a return on investment opportunity from the Company’s business development initiatives in China.
Corporate Information and E-mail Updates
To sign up to receive email updates or to obtain more information on the Company, please visit www.newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.
NewMarket’s rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
“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.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
***********Advertisement***********
