Science & Technology
Science and Technology
Science and Technology
Thu, September 17, 2009
Wed, September 16, 2009
NewMarket Technology, Inc.: NewMarket Technology, Inc. Gears Up for Dividend Plan, Upgraded Public Listing With $65 Million in
DALLAS, TX--(Marketwire - September 16, 2009) - NewMarket Technology, Inc. (
Increase to Target $1.00 as High as $2.50 PPS to Align With $100 Million in Profitable Revenue
Management believes the Company is currently undervalued and has previously announced a near-term goal to realize a suggested fair value target price per share of $1.00 and as high as $2.50. Since 2002, when the Company listed publicly through a reverse merger, NewMarket operations have expanded from reporting approximately $1 million in annual revenue to over $95 million in revenue in 2008. The Company has reported over $43 million in profitable revenue for the first six months of 2009. Historically reporting increased revenues in the second half of the year, the Company has set a $100 million profitable revenue forecast for 2009.
A link to the Webcast is scheduled to be posted to the corporate website [ www.newmarkettechnology.com ] upon release on Thursday.
Corporate Information and E-mail Updates
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About NewMarket Technology, Inc. ([ www.newmarkettechnology.com ])
NewMarket is a reporting company with audited financial reports filed with the SEC. NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008.
Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies.
NewMarket's rapid growth since 2002 has placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.
"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.
