June 26, 2007 09:16 ET

NewMarket Technology, Inc. Subsidiary, RedMoon, Inc., Announces Municipal Wi-Fi Contract With Temple, Texas

Company on Track for $10 Million in Annual Broadband Revenue

DALLAS, TX--(Marketwire - June 26, 2007) - NewMarket Technology, Inc. (OTCBB: NMKT) and subsidiary, RedMoon, Inc. (RedMoon Broadband), today announced a purchase order from the City of Temple, Texas, (http://www.ci.temple.tx.us/) to construct a city-wide high-speed wireless network. RedMoon Broadband, a state approved provider, was selected due to its reputation as a leader in providing wireless solutions throughout the State of Texas. RedMoon Broadband is central to NewMarket's overall strategy to rapidly establish $10 Million in profitable annual revenue from its broadband subsidiary, NewMarket Broadband.

RedMoon will provide the City of Temple, with real-time communications for emergency operations, providing high-speed wireless connections anywhere in the city back to City Hall. The wireless network will include a number of video surveillance and data communications connections and a private network with super high-speed connections that do not require expensive fiber but still allows for easy scalability of the network. Data transmissions across the network are secured using 128-bit AES encryption. Additionally, the new network will allow for the Public Works department to comply with Homeland security guidelines.

Texas-based RedMoon Broadband is a leader in municipal Wi-Fi and has designed, engineered and deployed wireless mesh network solutions providing high-speed Internet service, security surveillance, automatic water meter reading and mobile broadband for municipalities, including Addison, Texas, home to major corporations such as Mary Kay, Pizza Hut and Palm Harbor Homes.

Additionally, RedMoon and Chevron Energy Solutions, a business unit of Chevron Corporation, deliver service through the companies' SkyPilot mesh network to the 10-square-mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues. Automatic Meter Reading (AMR) technology will enable Burleson to reduce meter-reading costs, improve the accuracy of readings, support water conservation efforts and raise the level of customer service.

Separately, RedMoon Broadband is exploring municipal Wi-Fi opportunities internationally through NewMarket's Latin American operations. Recently, NewMarket Technology and RedMoon Broadband announced the signing of a non-binding letter of intent to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico. Additionally, RedMoon Broadband also recently participated in a NewMarket Trade Mission to Brazil to identify municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital, Brasilia. Brazil's telecom regulator, Anatel, recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access.

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 RedMoon Broadband (www.redmoonbroadband.com)

RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon's networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.

RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.

RedMoon holds a DIR Commodity Purchasing Program Contract (No. DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.

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.

"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.