Business Services Industry
NewMarket Technology Inc. Releases Business Plan for $12.5 Million in Unique Systems Integration Revenue in 2006; Systems Integration Plan is Fifth of Six Business Unit Plans to Be Released
Business Wire, Jan 24, 2006
DALLAS -- NewMarket Technology Inc. (OTCBB:NMKT) today released plans for $12.5 million in unique revenue in 2006 from its Systems Integration business unit. The Company comprehensively anticipates $58.5 million in overall profitable revenue from Systems Integration services. The additional $46 million in revenue from Systems Integration services will be included in the China and Latin America regional business units.
NewMarket has previously released 2006 plans for $28 million in overall revenue from China and $25 million in Latin America. The Company has now released 2006 business plans for five of its six business units and will release plans for the last business unit within the next week.
NewMarket combines a traditional technology services offering with an emerging technology incubation business operation. The financial results have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005 (un-audited). NewMarket was named in 2005 as the 13th fastest growing technology firm in North America on the Deloitte Technology Fast 500.
NewMarket is currently maintaining a conservative forecast of 15% revenue corporate wide in 2006 as preliminary guidance for investors. Significant upward revisions in revenue and income growth forecasts are likely as corporate developments are announced. Investors should take into account that the business plans include attainable revenue goals that will be incorporated into the revenue growth forecast as new contracts, organic growth and acquisitions closings warrant. The annual revenue forecast will be updated as required after each fiscal quarter.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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 to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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