NewMarket Technology, Inc. Releases Webcast to Review 2008 Revenue and Net Income Increases Reported in China
Market Wire, April, 2009
NewMarket Technology, Inc. (PINKSHEETS: NMKT) today released a management Webcast on its website reviewing its Chinese operating subsidiary's fiscal year 2008 financial results. The Webcast also includes a preview of the upcoming consolidated financial report for the entire Company, an overview of year-to-date performance and 2009 expectations and information on the non-binding letter of intent agreement with Worldwide Strategies, Inc. announced this week.
NewMarket has previously announced that the Company anticipates reporting record revenue and improved operating margins in its upcoming 2008 annual report. The Company's reported revenue and net income increases in China contribute to management's expectations of reporting comprehensive record revenue and operating margin improvements. As indicated in the corporate Webcast released last week, NewMarket has filed an extension to complete the consolidated financial report for the entire Company. In 2007, the Company reported its highest overall sales ever with $93.1 million in revenue and $7.3 million in net income. The Company's overall revenue for the trailing twelve months as of September 31, 2008 exceeded $105 million.
Highlights from the Webcast
-- Preview of comprehensive FY 2008 results
-- Chinese operations FY 2008 review
-- Anticipated record sales for fiscal year 2008
-- $105 million in trailing 12 month revenue (as of 9-30-08)
-- 20% revenue increase 1st nine months '08 v. '07
-- 36% net income increase 1st nine months '08 v. '07
-- Management strategy in global financial crisis
-- Share price review and exchange listing preparation
-- Worldwide Strategies, Inc. letter of intent
-- YTD performance and expectations
The Webcast is now available for review on the Company website. A link to the webcast titled 'FY 2008 Chinese Operations Review Webcast (April 3, 2009)' is available on the Investor Relations page of the Company website under Current Events and Communications at: http://www.newmarkettechnology.com/investor-relations.htm .
For assistance accessing or listening to the Webcast, please email ir@newmarkettechnology.com or call 214-722-3065.
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.
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Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com
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