NewMarket Technology, Inc. Grows Revenue to $43.7 Million in First Six Months of 2008 With a 71% Net Income Increase to $2 Million Compared to the Same Period Last Year

Second Quarter 2008 Earnings Webcast Scheduled for Thursday, August 21, 2008 at 4:15 pm EDT

DALLAS, TX–(EMWNews – August 20, 2008) – NewMarket Technology, Inc. (OTCBB: NMKT)

announced today that the Company has filed SEC Form 10-Q reporting its

performance for the second quarter of 2008. NewMarket reported $43.7

million in revenue for the first six months of 2008 with net income before

currency translation of $2 million. Net income has increased 71% in the

first six months of 2008 compared to the same period last year. Revenue

has increased 9% compared to the same period last year. The Company has

recently announced higher than anticipated new sales contracts year-to-date

in 2008. The new sales contracts are expected to enhance revenue and net

income growth within the 2008 calendar year and beyond. In light of the

higher than anticipated new sales contracts and taking into account the

Company’s historical revenue and net income seasonal increases in the third

and fourth quarter, management indicates the Company is on track to meet or

exceed its $120 million profitable 2008 revenue forecast. NewMarket

reported 2007 revenue of $93.1 million with a net income of $7.3 million.

Second Quarter Financial Highlights

--  Stockholders' equity increased 20% compared to same quarter last year

    ($62.7m v. $52.1m)

--  Total assets increased 10% compared to same quarter last year ($77.9m

    v. $70.8m)

--  Revenue increased 4% compared to same quarter last year ($22.8m v.

    $21.9m)

--  Net income (before currency translation) for 2nd quarter 2008

    increased 43% from 2nd quarter 2007 ($843k v. $589k)

--  Net income (after currency translation) for 2nd quarter 2008 increased

    161% over 2nd quarter 2007 ($1.5m v. $579k)

    

Second Quarter Financial Webcast

NewMarket management will conduct a Webcast, Thursday, August 21 at 4:15 pm

EDT to review second quarter 2008 financials.

A link to the Webcast is available at the Company’s corporate Website

Investor Relations page at

www.newmarkettechnology.com/investor-relations.htm under “Current Events

and Communications” or by going to.

http://www.vcall.com/IC/CEPage.asp?ID=133305. An archive of the Webcast

will be available afterwards for review.

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 [email protected] 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.