Chinese Operations on Track to Contribute $50 Million to Company's Forecasted $120 Million in 2008 Revenue
DALLAS, TX--(MARKET WIRE)--Aug 13, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) has 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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment