NewMarket Technology Inc. Adds $14 Million in Revenue Delivering Services to Colombia Telecom and Large South Florida CLEC Focused on North American Hispanic Market Wednesday February 15, 11:53 am ET NewMarket Affiliate TekVoice Communications Key to Latin America and Hispanic Market Growth
DALLAS--(BUSINESS WIRE)--Feb. 15, 2006--NewMarket Technology Inc. (OTCBB:NMKT - News) today announced adding $14 million in revenue by delivering services to Colombia Telecom and a large Florida Competitive Local Exchange Carrier (CLEC) catering to the North American Hispanic market. NewMarket affiliate TekVoice Communications has signed two separate agreements worth a total of $14 million in revenue to NewMarket over the next three years. With contract renewals and add-ons, the anticipated revenue could increase by an additional $8.2 million representing a total of $22.2 million. The service agreements involve NewMarket and TekVoice hosting and managing branded pre-paid calling products to the North American Hispanic market. ADVERTISEMENT
NewMarket Technology has previously published plans for each of its six operating business units. The $14 million in new revenue will positively impact both NewMarket's Latin America and VoIP operations with a current combined revenue goal in 2006 of $40 million. NewMarket has forecasted 15% annual revenue growth in 2006 to a profitable $57.5 million revenue over last year's profitable $50 million revenue (unaudited). However, the sum of NewMarket's business unit plans total $87.5 million or a 75% increase over NewMarket's 2005 revenue. The business unit's goals are based on anticipated corporate developments, but are not yet consummated. This $14 million contract may result in an upward revision of NewMarket's current revenue forecast after the close of the first quarter.
About Telecom Colombia:
Telecom Colombia is the leading telecommunications carrier in Colombia with over 2.7 million installed lines (including its 15 regional affiliates). Established in 1948 as the nation's first operator for national and international long distance and local calls, Telecom Colombia provides connections to more than 250 countries. The company's portfolio of services includes corporate voice VPNs, long distance, pre-paid, 1-800 services, leased lines, ATM, frame relay, IP, Internet access (dedicated and dial-up), hosting and collocation.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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 to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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