(NWMT) NewMarket CEO Anticipates Record Annual Revenue and Net Income in 2010 Beating $98 Million Revenue Record Achieved Last Y
24 Novembre 2010 - 3:36PM
Marketwired
NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) has
released an exclusive on-demand Webcast reviewing the Company's
performance through the first three quarters of 2010. The
performance review was conducted by Chief Executive Officer, Bruce
Noller. NewMarket is a fully-reporting public company with
published financial statements. The Company recently published its
financial results through September 30th, 2010. Revenue through
September 30th increased more than 10% to $85 million compared to
$75 million for the same period last year. The Company also
realized a better than 75% increase in net income reporting more
than $3.9 million in net income compared to $2.2 million for the
same period last year.
Mr. Noller's Webcast presentation includes a review of the
Company's progress toward increasing its percentage of sales
resulting from recurring revenue. He also presents an overview of
the Company's achievements in increasing income from
operations.
Mr. Noller is joined on the Webcast by Chairman and Founder
Philip Verges who provides a year-to-date update on the Greenfield
Partnership Program and highlights notable corporate achievements
in 2010. The year-to-date update features NewMarket's planned
expansion into India and Greenfield collaborative project efforts
between Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE),
China Crescent Enterprises, Inc. (OTCBB: CCTR), and NuMobile, Inc.
(OTCBB: NUBL).
The Webcast, titled "NewMarket Third Quarter Review & YTD
Webcast," is available for on-demand viewing on NewMarket's
corporate website www.newmarkettechnology.com or directly at
http://tinyurl.com/Q3Webcast.
About NewMarket Technology, Inc.
(www.newmarkettechnology.com) NewMarket Technology is a global small business
incubator. NewMarket's current portfolio of operations provides
systems integration, technology infrastructure services and
emerging technology. NewMarket's operations strategically focus on
providing technology and support services in emerging and
developing economies with high growth rate potential where
technology purchasing is on the rise. In addition to its base of
operations in North America, NewMarket has operations today in the
growing economies of China, Southeast Asia, Africa, Brazil and
Northern Latin America. Overall, NewMarket reported over $95
million in revenue for 2008 and reported over $98 million in
profitable revenue for 2009.
NewMarket's operations provide services and support for both
brand-name technologies, such as Microsoft, as well as emerging
technologies ranging from mobile computing to various security and
wireless broadband technologies. NewMarket's rapid growth since
2002 placed the Company on the Deloitte Technology Fast 500 for 5
consecutive years. NewMarket was recognized as the third fastest
growing technology company in the United States in 2006 and the
number one fastest growing technology company in North Texas for
two years in a row.
"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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Contact: NewMarket Technology, Inc. Investor Relations Email
Contact 214-722-3065
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