NewMarket Technology, Inc. Plans to Exceed $120 Million in Revenue for 2008

8/5/08 - NewMarket Technology, Inc. (OTCBB: NMKT) CEO Philip Verges recently announced a four-year, $10.5 million contract with WBA (Wireless Broadband Access) Telecommunications, S.A. NewMarket's higher than anticipated sales pace in 2008 and is on track to meet or exceed a forecasted $120 million in organic sales growth with revenue that could potentially exceed $150 million, in conjunction with acquisitions currently under development.

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.

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By Robert Hoskins

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