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NewMarket Technology, Inc. CFO Reviews $2.2 Million in Net Income on $76 Million in Revenue for the Nine Months Ending September 30, 2009
DALLAS, TX, Nov 23, 2009 (MARKETWIRE via COMTEX) --
NewMarket Technology, Inc. (PINKSHEETS: NWMT) today released a
Webcast to review the Company's third quarter 2009 financial results
filed today on SEC Form 10-Q. The review has been conducted by the
Company CFO, Mr. Philip Rauch. In the Webcast, Mr. Rauch reviews
both the Company's third quarter financial results as well as
year-to-date progress.
The Company reported $2.2 million in net income and $76 million in
revenue through the first nine months of the year ending September 30.
The Company reported $95 million in global revenue in 2008 and has
forecasted profitable revenue growth in 2009 compared to 2008.
NewMarket provides systems integration services, to include
technology reseller, customization, integration, and support services,
in China, Southeast Asia, Latin America and North America and is
actively expanding its business services into the growing markets of
East Africa. NewMarket focuses on the rapid growth industries in
emerging markets that require technology products and services to
support their growth.
A link to the Webcast is now available on the corporate website
homepage and investor relations page at www.newmarkettechnology.com
titled 'NewMarket Technology 3rd Quarter Review Webcast.'
Sign Up to Receive Regular NewMarket Updates
NewMarket sends regular Company updates to its opt-in,
permission-based email database. Interested investors can easily,
safely and quickly register to receive these communications directly
on the corporate website homepage (www.newmarkettechnology.com).
Recipients can manage their own email contact profile and safely
unsubscribe at any time.
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.
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
SOURCE: NewMarket Technology, Inc.
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