NWMT, NewMarket Technology, Inc. Announces Audited Financials Filed With SEC Reporting $95 Million in 2008 Revenue and $43 Million in Profitable Revenue First Six Months 2009
NWMT, NewMarket Technology, Inc., NWMT.PK
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NewMarket Technology, Inc. Announces Audited Financials Filed With SEC Reporting
$95 Million in 2008 Revenue and $43 Million in Profitable Revenue First Six Months 2009
Monday August 31, 2009
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NewMarket Technology, Inc. Announces Audited Financials Filed With SEC Reporting $95 Million in 2008 Revenue and $43 Million in Profitable Revenue First Six Months 2009
- Strategic Update Webcast Tomorrow to Include Company Plans for Upgraded Listing -
DALLAS, TX–(CRWENEWSWIRE - 08/31/09) - NewMarket Technology, Inc. (Pinksheets:NWMT) is a reporting company with audited financial reports filed with the SEC. The Company plans to upgrade its current listing. More details will be included in tomorrow’s strategic update Webcast hosted by Board Member Hugh G. Robinson, Retired Major General and Former Chairman of the Dallas Federal Reserve. The Webcast will also include a review of the Company’s $95 million in revenue in 2008, $100 profitable revenue forecast, recent Microsoft contracts and $63 million in new business. A link for accessing the on-demand Webcast is scheduled to be available on the Company’s website Tuesday, September 1.
Corporate Information and Email 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 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
214-722-3065
ir@newmarkettechnology.com
Source: NewMarket Technology, Inc.
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