NewMarket Technology, Inc. Grows Revenue to $43.7 Million in First Six Months of 2008 With a 71% Net Income Increase to $2 Million Compared to the Same Period Last Year: Financial News

NewMarket Technology, Inc. Grows Revenue to $43.7 Million in First Six Months of 2008 With a 71% Net Income Increase to $2 Million Compared to the Same Period Last Year
Wednesday August 20, 2008 9:25 am ET

Second Quarter 2008 Earnings Webcast Scheduled for Thursday, August 21, 2008 at 4:15 pm EDT

DALLAS, TX--(MARKET WIRE)--Aug 20, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today that the Company has filed SEC Form 10-Q reporting its performance for the second quarter of 2008. NewMarket reported $43.7 million in revenue for the first six months of 2008 with net income before currency translation of $2 million. Net income has increased 71% in the first six months of 2008 compared to the same period last year. Revenue has increased 9% compared to the same period last year. The Company has recently announced higher than anticipated new sales contracts year-to-date in 2008. The new sales contracts are expected to enhance revenue and net income growth within the 2008 calendar year and beyond. In light of the higher than anticipated new sales contracts and taking into account the Company's historical revenue and net income seasonal increases in the third and fourth quarter, management indicates the Company is on track to meet or exceed its $120 million profitable 2008 revenue forecast. NewMarket reported 2007 revenue of $93.1 million with a net income of $7.3 million.

Second Quarter Financial Highlights

 
--  Stockholders' equity increased 20% compared to same quarter last year
    ($62.7m v. $52.1m)
--  Total assets increased 10% compared to same quarter last year ($77.9m
    v. $70.8m)
--  Revenue increased 4% compared to same quarter last year ($22.8m v.
    $21.9m)
--  Net income (before currency translation) for 2nd quarter 2008
    increased 43% from 2nd quarter 2007 ($843k v. $589k)
--  Net income (after currency translation) for 2nd quarter 2008 increased
    161% over 2nd quarter 2007 ($1.5m v. $579k)

Second Quarter Financial Webcast

NewMarket management will conduct a Webcast, Thursday, August 21 at 4:15 pm EDT to review second quarter 2008 financials.

A link to the Webcast is available at the Company's corporate Website Investor Relations page at www.newmarkettechnology.com/investor-relations.htm under "Current Events and Communications" or by going to. http://www.vcall.com/IC/CEPage.asp?ID=133305. An archive of the Webcast will be available afterwards for review.

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)

Source: NewMarket Technology, Inc.

(click to enlarge)
NewMarket Revenue and Net Income Quarterly Growth - 2003 to Present

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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