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NewMarket management is committed to participating in the improvement of the small business capital market process. In such effort, management is working to learn more about the small business capital market process outside of their experience with NewMarket. Management also plans to share NewMarket's experiences in the capital markets in an effort to improve small business capital market public policy. Management encourages NewMarket shareholders to also participate by attending the conference, sending their questions to the SEC or sending their questions to NewMarket at ir@newmarkettechnology.com. Following the meeting, NewMarket plans to host a Webcast conference in December to provide feedback from the meeting to NewMarket shareholders.
Earlier today, NewMarket released a letter from management providing a fresh perspective on positive changes they believe will happen in the small business capital markets as a result of the current financial industry crisis (http://biz.yahoo.com/iw/081118/0453783.html).
About the SEC's 26th Annual Small Business Conference
This year's SEC Conference forum will focus on the impact of recent capital market events on small business capital formation in the United States, with a particular focus on the impact of the Economic Stabilization Act of 2008 to small businesses. Additionally, participants will look at ways to reduce or eliminate impediments that typically hinder small businesses in the capital raising process.
During the conference there will be two roundtable sessions focusing on:
-- Small Business Capital Formation and the Current Credit Crisis -- Current Issues in Securities Regulation for Smaller Companies
After the roundtables, there will be four breakout groups focused on:
-- Private Placement and M&A Brokers Panel -- Securities Offerings by Private Companies -- Securities Regulation of Smaller Public Companies -- Taxes
During the breakout groups, participants will work on formulating specific policy suggestions that will be considered by the Commission and will be sent to Congress and referred to other government agencies if they involve matters other than federal securities law.
Specific topics for discussion are welcome from the public are welcome and should be e-mailed to the SEC Office of Small Business Policy at smallbusiness@sec.gov or mailed to 100 F Street NE, Washington, DC 20549-3628.
The forum is open to the public and free of charge. Interested parties can register and obtain agenda information by going to http://sec.gov/info/smallbus/sbforum.shtml. For those that are unable to attend, the event will be Webcast live on the SEC Website.
Third Quarter Financial Webcast
NewMarket management will conduct a Webcast, Friday, November 21 at 12:00 pm EST to review third quarter 2008 financials.
A link to the Webcast will be available at the Company's corporate Website Investor Relations page at www.newmarkettechnology.com/investor-relations.htm under "Current Events and Communications." 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)
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.
Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065 www.newmarkettechnology.com
SOURCE: NewMarket Technology, Inc.
mailto:ir@newmarkettechnology.com http://www.newmarkettechnology.com
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