SOURCE:
NewMarket Technology, Inc.
2008-08-13 09:36:00
NewMarket Technology, Inc. Releases Update on Chinese Operations, Management, and Partners IBM, Sony, HP and Hitachi
Chinese Operations on Track to Contribute $50 Million to Company’s Forecasted $120 Million in 2008 Revenue
DALLAS, TX–(EMWNews – August 13, 2008) – NewMarket Technology, Inc. (
released an updated Fact Sheet on its Chinese subsidiary detailing current
operations, management, and financial performance, to include regional
growth from $29.5 million in 2006 to $40 million in 2007. NewMarket
reported $93.1 million in overall revenue in 2007 with $7.3 million in net
income and has forecasted overall growth to a profitable $120 million in
2008 revenue. NewMarket’s Chinese operations are forecasted to reach to
$50 million in profitable revenue in 2008. Additionally, the update
highlights some of regional technology partners, which include IBM, Sony,
Canon, HP and Hitachi, among others.
If you are interested in receiving a copy of the Fact Sheet, please email
or call NewMarket’s Investor Relations at ir@newmarkettechnology.com or
214-722-3065, with your full name, telephone number, e-mail address, city,
state and country.
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.
Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 |
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