NewMarket Technology, Inc. Announces New Ticker Symbol "NWMT" and Preview of 2nd Quarter Performance and Management Expectations
July 31 2009 - 9:00AM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) today announced the
Company's corporate ticker symbol will change from (PINKSHEETS:
NMKT) to "NWMT" effective at the opening of the market today,
Friday, July 31. The corporate ticker change has been executed in
conjunction with a publicly disclosed plan to reduce the number of
issued and outstanding common shares. This is part of an overall
plan to gain share price traction and improve the potential return
on investment for shareholders. Yesterday, NewMarket announced an
exclusive on-demand Webcast scheduled to be released Tuesday,
August 4, 2009. The Webcast is expected to include updates on
operations year-to-date, to include the Company's regional
operations in Asia and Latin America, and the strategy to support
an increased price per share. Management anticipates reporting
increased profitable revenue for 2009 overall compared to 2008 with
contracts from the first half of the year coming on line and
continued strong sales in the second half of the year. The Company
reported revenue growth in 2008 to $95 million with a positive
operating income.
The Webcast will be available for viewing on-demand. A link for
accessing the Webcast is scheduled to be available on the Company's
corporate website on Tuesday, August 4, 2009.
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
$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
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