NewMarket Technology is an emerging market technology company. Part of NewMarket’s strategy is to independently list regional operations. The operation in China was NewMarket’s first independently listed regional operation. NewMarket China reported $29.5 Million in annual revenue in 2006. NewMarket Technology reported $77.6 million in annual revenue in 2006 with $5.8 million in net income. NewMarket Technology and NewMarket China are both reporting substantial organic sales growth year to date for 2007.
Award Winning Growth Recognized by Deloitte
The Company’s rapid growth has landed NewMarket near the top of the Deloitte Technology Fast 500 in both 2006 and 2007. After a Top Five finish in 2006, NewMarket ranked Number Twenty-One on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. For 2007, Deloitte also highlighted NewMarket as an exceptional performer for “repeating the feat”. To read the article in its entirety, go to: http://biz.yahoo.com/prnews/071023/nytu079.html?.v=101. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. NewMarket Technology grew 7,996 percent during this period.
To be added to NewMarket Technology’s e-mail database for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
NewMarket China, Inc. is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, NewMarket China bridges the gap between Western and Eastern business cultures to assist western clients in realizing the advantages of the high quality, low cost technology products and services available from China. NewMarket China also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
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 integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, 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. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
NewMarket Technology, Inc.
Investor Relations, 214-722-3065
ir@newmarkettechnology.com
www.newmarkettechnology.com