DALLAS, TX--(MARKET WIRE)--Oct 17, 2008 -- NewMarket Technology, Inc. (Other OTC:NMKTE.PK - News) today announced the Company's Brazilian subsidiary, UniOne, has signed a technology services contract with a new customer, Banco Daycoval S.A. The contract includes supplying personnel with expertise in SQL and .Net. The initial contract is for three months, with the possibility of extension and the addition of other technology support services. Banco Daycoval is a mid-size financial institution specialized in the middle market segment, offering a complete line of products and services, including payroll and auto loans, for both corporate clients and individuals. Banco Daycoval is headquartered in Sao Paulo with 27 branches in 22 cities across Brazil. UniOne also recently won a similar project supplying PL/SQL and .Net services with another new client, the multi-billion dollar, leading global supply chain management company CEVA Logistics.
NewMarket's operations in Latin America are leading Microsoft and Oracle partners in the region and have seen substantial growth from these partnerships over the past year. For the first half of 2008, NewMarket's Latin American operations have accounted for approximately $12.6 million in revenue YTD with $528,600 in net income, supporting the Company's global goal of $120 million in profitable revenue for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3 million in net income across all its operations.
UniOne's Operations
UniOne has offices in Brazil and Chile and provides Business Intelligence (BI), Enterprise Resource Planning (ERP), Business Performance Management (BPM), Customer Relationship Management (CRM) and Services Oriented Architecture (SOA) consulting services throughout Latin America. For more information on UniOne, please visit www.unione.com.br.
Corporate E-mail Updates
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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 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.
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