Mobile Computing Solution Adds to Existing NewMarket Emerging Technology Product Line Currently Including VoIP, Broadband Wireless and Network Security Solutions
DALLAS, TX--(MARKET WIRE)--Jan 28, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced adding a Mobile Computing Solution, to include mobile software, mobile security and mobile access, to its current portfolio of emerging technology products and services. The Company launched efforts to build a Mobile Computing Solution offering in the third quarter of 2007. The Company anticipates $20 million in sales in 2008 resulting from its new Mobile Computing Solution offering. The increased sales from the Mobile Computing Solution are anticipated to push NewMarket's revenue past the current $100 million in annualized sales mark. NewMarket has recently released a forecast for 20% organic revenue growth in 2008 over 2007, which did not include the anticipated growth from Mobile Computing Solutions.
Mobile Computing Industry Opportunity in Emerging Economies
The Mobile Computing Industry includes mobile application and security software used on devices such as handheld computers, PDAs, smartphones and cell phones. The demand for mobile software applications is being driven in large part by the growing penetration of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. According to IDC, the worldwide mobile phone market reached a new milestone at the close of 2006 with more than one billion units shipped worldwide over the year.
"Emerging markets contributed to the high volume sales," said Ramon Llamas, a research analyst in IDC's Mobile Technology and Tracking team. "It was not long ago that shipments into mature markets, including Japan, North America and Western Europe, consumed the majority of devices shipped worldwide. More recently, however, device shipments into emerging economies in Asia/Pacific, Central and Eastern Europe, the Middle East, Africa and Latin America have surpassed shipments to mature markets, and the difference between the two continues to grow."
IDC expects this trend to continue as mature markets reach saturation, and as emerging markets with much lower "teledensity" provide opportunities for handset vendors to attract first-time users.
"In addition, the time to set up a mobile network is much shorter and less expensive than the time to set up a landline network, propelling cell phone shipments further," said Llamas. "Finally, mobile phones are seen as both a practical necessity and a status symbol in many emerging markets."
The information above was found in IT Week. The entire article is available at: http://www.itweek.co.uk/vnunet/news/2173516/billion-mobile-phones-shipped
NewMarket's Mobile Computing Solution Offering
NewMarket's Mobile Computing Solution offering will include both infrastructure solutions and applications for provisioning and managing users accessing mobile solutions in addition to a number of various industry specific mobile applications such as online banking. NewMarket's initial Mobile Computing Solution offering is being assembled by the acquisition of three innovative mobile software companies. NewMarket will be releasing more details on its Mobile Computing Solution and the three companies being acquired. NewMarket's Mobile Computing Solution offering will take advantage of the Company's existing emerging economy distribution channels in South America, China and South East Asia.
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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 integration and maintenance services to support the prevailing industry standard solutions such as Microsoft, 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. In 2006, the Company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
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