NewMarket Technology, Inc. Releases Update on Chinese Operations, Management, and Partners IBM, Sony, HP and Hitachi

SOURCE:

NewMarket Technology, Inc.

2008-08-13 09:36:00

NewMarket Technology, Inc. Releases Update on Chinese Operations, Management, and Partners IBM, Sony, HP and Hitachi

Chinese Operations on Track to Contribute $50 Million to Company’s Forecasted $120 Million in 2008 Revenue

DALLAS, TX–(EMWPresswire – August 13, 2008) – NewMarket Technology, Inc. (OTCBB: NMKT) has

released an updated Fact Sheet on its Chinese subsidiary detailing current

operations, management, and financial performance, to include regional

growth from $29.5 million in 2006 to $40 million in 2007. NewMarket

reported $93.1 million in overall revenue in 2007 with $7.3 million in net

income and has forecasted overall growth to a profitable $120 million in

2008 revenue. NewMarket’s Chinese operations are forecasted to reach to

$50 million in profitable revenue in 2008. Additionally, the update

highlights some of regional technology partners, which include IBM, Sony,

Canon, HP and Hitachi, among others.

If you are interested in receiving a copy of the Fact Sheet, please email

or call NewMarket’s Investor Relations at ir@newmarkettechnology.com or

214-722-3065, with your full name, telephone number, e-mail address, city,

state and country.

Corporate E-mail Updates

To be added to NewMarket Technology’s e-mail database to receive company

updates or to obtain more information on the Company, please send an e-mail

to ir@newmarkettechnology.com or call 214-722-3065.

About NewMarket Technology, Inc. (www.newmarkettechnology.com)

NewMarket helps clients maintain the delicate balance between maintaining

legacy systems and gaining a competitive edge from the latest technology

innovations. NewMarket provides certified systems integration and

maintenance services to support the prevailing industry standard solutions

from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel

and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire

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

network of Solution Integration subsidiaries in North America and the

leading emerging markets around the world to include Latin America, China

and Singapore.

NewMarket ranked Number One in Texas, Number Three in the United States and

Number Five in North America 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.

The company has continued its rapid growth, reporting $77.6 million in

revenue with a net income of $5.8 million in 2006 and most recently $93.1

million in revenue with a net income of $7.3 million in 2007.

“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:
NewMarket Technology, Inc.
Investor Relations
ir@newmarkettechnology.com
214-722-3065

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