NewMarket Technology Announces Increased North American Sales

NewMarket Technology, Inc ., a provider of systems integration, technology infrastructure services and emerging technology worldwide, has announced a new contract to provide telecommunications hardware, software and services.

The contract value is approximately $2.5 million. This contract increases the percentage of overall revenue contribution from North American operations to NewMarket's global annual revenue. In 2008, the majority of NewMarket's $95 million in revenue came from its operations outside of the United States.

NewMarket is a global systems integrator with operations in China, Southeast Asia, Latin America, as well as North America.

NewMarket sells, installs and supports technologies from technology providers such as Microsoft, Oracle (News - Alert), HP and more. NewMarket is a reporting company with audited financial reports filed with the SEC.

The company’s global family of systems integration companies allows customers to deliver a company wide implementation, or a regional one, depending on our customers’ project plan and growth strategy.

"NewMarket expects revenue and income from operations to increase in 2009 compared to 2008," said Philip Verges, CEO of NewMarket Technology (News - Alert), Inc., in a release. "However, we did experience a drop of in sales from our North America operations in conjunction with the global economic crisis. In the second half of 2009, we have enjoyed an increase in sales from our North American operations and the contract announced today, with all revenue expected to be realized before the end of the year, will make a substantial contribution to an overall increase in the percentage of revenue coming from North America."

As part of telecommunication service, the company offers VoIP and traditional phone lines to both business and residential (planned for 2008) customers, including the latest complementary voice system services. It also provides broadband access to both business and residential (planned for 2008) customers, ranging from DSL to wireless T-1, in some areas, and provides wireless mesh systems for municipalities and corporate campuses.