DALLAS, TX–(Marketwire – August 7, 2007) – NewMarket Technology, Inc. (OTCBB: NMKT) today announced CEO Philip Verges will be participating in the “Connecting Rural Communities Africa Forum 2007” in Nairobi, Kenya, August 21-24, 2007. NewMarket was invited to participate in the Forum based on the Company’s rapid expansion in emerging markets and experience implementing emerging technologies, such as Wi-Fi solutions for municipalities. The conference, hosted by the Communications Commission of Kenya, will present the wealth of information and communication technology opportunities in the region. Governments in Africa are currently exploring solutions to rapidly connect rural communities.
NewMarket Technology is a technology consulting and systems integration firm concentrating on the introduction of emerging technologies in high growth emerging markets around the world. The Company’s “Customer First” philosophy has resulted in rapid annual revenue growth from approximately $1 million in 2002 to $77.6 million in 2006 with net income of $5.8 million. NewMarket ranked fifth on Deloitte’s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. This is the third consecutive year that NewMarket has been ranked on Deloitte’s Technology Fast 500. NewMarket Technology continues to maintain a rapid growth rate with a 2007 revenue target of $120 million and sustained profitability.
With operations in high-growth markets such as China, South East Asia and Latin America, NewMarket is continuously seeking opportunities for expansion of the Company’s emerging technologies, by leveraging the Company’s core technology consulting and systems integration experience.
“New technology opportunities are enhanced in a fast growth economy without an entrenched last generation technology solution,” explains Philip Verges, CEO and Chairman of NewMarket commenting on the Company’s emerging market strategy. “NewMarket’s emerging market strategy to accelerate the introduction of new technologies has delivered rapid revenue growth in China and Latin America. Africa presents another rapid expansion opportunity for NewMarket.”
To be added to NewMarket’s corporate e-mail list for shareholders and interested investors, 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 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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
NewMarket maximizes shareholder return on investment by independently listing consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. Currently, NewMarket Technology is the parent company to two publicly listed regional subsidiaries, NewMarket Latin America, Inc. (PINKSHEETS: NLAI) and NewMarket China, Inc. (OTCBB: NMCH).
NewMarket ranked Number Five 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.
Source: Marketwire
