Contact Information: Contact: NewMarket Technology, Inc. Investor Relations ir@newmarkettechnology.com 214-722-3065
NewMarket Technology, Inc. CEO Philip Verges Ernst & Young Entrepreneur of the Year and Tech Titan CEO Finalist
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - August 13, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) is
pleased to announce Founder and CEO Philip M. Verges as a finalist for the
Ernst and Young Entrepreneur of the Year Award for the Southwest
Area-North, which includes North Texas, Arkansas and Oklahoma and as a
finalist of the Tech Titan Corporate CEO Award. Founded by Mr. Verges,
NewMarket has grown from less than $1 million in revenue in 2001 to
reporting $93.1 million in revenue in 2007 with $7.3 million in net income
and operations in six countries throughout North America, South America and
Asia. The Company has forecasted continued growth to $120 million in
2008. Prior to founding the Company, Mr. Verges held positions with
Electronic Data Systems and served in the U.S Army. Mr. Verges earned a
Bachelor of Science from the U.S. Military Academy at West Point and holds
the rank of Captain.
Mr. Verges' nomination for E&Y's Entrepreneur of the Year was featured in
premier Dallas business magazine D CEO's July issue along with Chesapeake
Energy co-founder and current SandRidge Energy CEO Tom Ward, Rosewood
Hotels and Resorts President and CEO John Scott and First United Bank and
Trust Company President and CEO Greg Massey, among others.
In addition to his E&Y nomination, Mr. Verges is a finalist for the
Metroplex Technology Business Council's Tech Titan Corporate CEO Award. The MTBC, the largest
technology trade association in Texas, was founded in 1994 by MCI, Nortel
Networks, Fujitsu and Rockwell International and has been host to the
annual Tech Titan awards since 2001. The Tech Titan awards recognize the
accomplishments of more than 4,000 technology companies in North Texas and
include the Tech Titan Fast 50, a ranking of the 50 fastest-growing
technology companies in North Texas based on percentage revenue growth over
five years. NewMarket is the only Company to have ranked #1 on the Tech
Titan Fast 50 two years in a row and has been named to the list for four
consecutive years. Under Verges' leadership NewMarket has also been on the
Deloitte Technology Fast 500 North America for the past three years,
ranking #5 in 2006. Deloitte's Technology Fast 500 is a ranking of the 500
fastest growing technology, media, telecommunications and life sciences
companies in North America.
About MTBC/Tech Titans (www.metroplextbc.org)
Founded in 1994 by MCI, Nortel Networks, Fujitsu, and Rockwell
International, the Metroplex Technology Business Council (MTBC) is a
non-profit 501(c)(6) organization. Membership in the MTBC consists of
technology members (80 percent of membership) and provider members (20
percent of membership). Membership is open to all technology companies. The
MTBC is dedicated to fostering a supportive business environment for
technology companies and members of the technology community through
leadership, advocacy, education and cooperative initiatives.
The Tech Titans awards were launched in 2001 by the Metroplex Technology
Business Council (MTBC), North Texas' most comprehensive organization
supporting technology. The Tech Titans committee is a group of dedicated
volunteers that each year organizes the annual awards ceremony. Judges are
drawn from a variety of disciplines in technology, leaders in the area and
past winners.
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.