Board Member and Former Chairman of the Dallas Federal Reserve Hugh Robinson to Present on Everex Deal at Upcoming Wall Street Reporter Conference
DALLAS, TX--(MARKET WIRE)--Jul 8, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced CFO Philip J. Rauch's recent video interview with Wall Street Reporter is now available online. The interview was conducted during NewMarket's recent participation at the Small Cap Discovery Conference in New York City. In the interview, Mr. Rauch explains NewMarket's innovative business model of bringing emerging technologies to market through established systems integration channels in high-growth emerging markets to include Asia and Latin America. NewMarket's innovative business model delivered $93.1 million in revenue in 2007 and $7.3 million in net income. Mr. Rauch highlights the revenue and net income growth anticipated as NewMarket continues to mature. "I think you are going to see over the next three years some explosive revenue and income growth with regards to those emerging technologies that will just add to a fairly steady increase in our base business."
Additionally the interview discussed a continued increase in organic sales, geographic expansion and focus on converting short term, project-based contracts into higher-margin managed services contracts.
The interview is available in its entirety at http://www.wallstreetreporter.com/page.php?page=view_videos&id=219.
Board Member Hugh Robinson, Former Chairman of the Dallas Federal Reserve and Retired Major General to Present at Wall Street Reporter San Francisco Conference
Last week NewMarket announced that Board Member Hugh Robinson will present at the upcoming Wall Street Reporter "San Francisco Small-Cap Forum" Conference to be held July 30, 2008 in San Francisco at the Bankers Club.
At the conference, Mr. Robinson will review NewMarket's recently announced agreement to acquire Everex:
NewMarket Technology, Inc. to Acquire Everex, a Respected Brand Name in Personal Computing Reporting Approximately $60 Million in Revenue in 2007
Recent NewMarket - Everex Webcast
NewMarket management conducted a Webcast recently to address NewMarket's binding agreement to acquire a 75% interest in Everex.
An archive of the Webcast is available at the Company's corporate Website Investor Relations page at http://www.newmarkettechnology.com/investor-relations.htm under "Current Events and Communications."
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates, please send an e-mail to ir@newmarkettechnology.com.
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 communication contains forward-looking statements that involve risks and uncertainties. The statements in this communication 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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment