DALLAS, TX -- (MARKET WIRE) -- 06/27/08 -- NewMarket Technology, Inc. (OTCBB: NMKT)management conducted a Webcast yesterday to address NewMarket's recentlyannounced binding agreement to acquire a 75% interest in Everex(http://biz.yahoo.com/iw/080623/0409526.html).Highlights from the Webcast include:
-- A valuation of the 75% interest to be acquired-- Everex's cornerstone role in NewMarket's mobility strategy-- Additional benefits to shareholders of NewMarket and the NewMarket family of companies, to include the validation and resource benefit of establishing a strategic partner (FIC), North American sales being brought into balance with the Company's rapidly growing sales in Asia and Latin America , financial improvements to overall operations and enhanced channel to Western markets for Chinese operations-- No reverse split has been planned in conjunction with this transaction-- No NewMarket Technology common stock, or a security which would subsequently result in the later issue of NewMarket Technology common stock will be used in the transaction
An archive of the Webcast is available at the Company's corporate WebsiteInvestor Relations page athttp://www.newmarkettechnology.com/investor-relations.htm under "CurrentEvents and Communications."
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About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaininglegacy systems and gaining a competitive edge from the latest technologyinnovations. NewMarket provides certified systems integration andmaintenance services to support the prevailing industry standard solutionsfrom companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebeland Sun Microsystems. Concurrently, NewMarket continuously seeks to acquireemerging technology assets to incorporate into an overall product portfoliocarefully packaged to complement the prevailing industry standardsolutions.
NewMarket delivers its portfolio of products and services through itsnetwork of Solution Integration subsidiaries in North America and theleading emerging markets around the world to include Latin America, Chinaand Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States andNumber Five in North America on Deloitte's 2006 Technology Fast 500, aranking of the 500 fastest growing technology, media, telecommunicationsand life sciences companies in North America. Rankings are based onpercentage revenue growth over five years, from 2001-2005. The Company grewfrom less than $1 million in revenue in 2001 to over $50 million inprofitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million inrevenue with a net income of $5.8 million in 2006 and most recently $93.1million in revenue with a net income of $7.3 million in 2007.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTOF 1995
This communication contains forward-looking statements that involve risksand uncertainties. The statements in this communication are forward-lookingstatements that are made pursuant to safe harbor provision of the PrivateSecurities Litigation Reform Act of 1995. Actual results, events andperformance could vary materially from those contemplated by theseforward-looking statements. These statements involve known and unknownrisks and uncertainties, which may cause NewMarket's actual results infuture periods to differ materially from results expressed or implied byforward-looking statements. These risks and uncertainties include, amongother things, product demand and market competition. You shouldindependently investigate and fully understand all risks before makinginvestment decisions.
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Contact:
NewMarket Investor Relations
ir@newmarkettechnology.com
214-722-3065