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LevelStock.com: NewMarket (NWMT) Reiterates 2010 $150 Million Revenue Objective and ‘Buy’ Recommendation With Potential Short Squeeze Following $98 Million Revenue Report



Apr 28, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT). The Company recently released news as follows:

NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) yesterday announced a reiteration of the Company's previously released 2010 revenue objective. NewMarket recently released its audited financial results for 2009 reporting revenue growth to $98.1 million in revenue with $1.5 million in net income. Management anticipates achieving $150 million in profitable revenue in 2010. The aggressive growth in 2010 is expected to be achieved through a combination of organic growth and acquisition. The organic growth and acquisition campaigns were introduced in 2009 with early results demonstrated through increased sales in the fourth quarter of 2009. Management plans to publish regular communications through press releases, Webcasts and emails on the Company's progress toward achieving its $150 million profitable revenue objective for 2010.

NewMarket also reiterated today a recent independent analyst report and 'buy' recommendation. Management anticipates a possible short squeeze resulting from the Company's continued listing on the Regulation SHO threshold security list and recent positive financial results for 2009. The continued listing on the Regulation SHO threshold security list indicates that not all stock has been delivered in accordance with regulatory guidelines following a sale of stock. More information on the Regulation SHO threshold list is available here: http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold.

The NewMarket CFO plans to release a Webcast later today reviewing the Company's reported 2009 financial results. The Webcast will also include a further overview of the Greenfield Program, including current participant companies NuMobile, Inc. (OTCBB: NUBL) and Nova Energy, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE). A link to the Webcast will be published on the Company's corporate website, www.newmarkettechnology.com, upon release.

Sign Up to Receive Regular NewMarket Updates

NewMarket sends regular Company updates to its opt-in, permission-based email database. Interested investors can easily, safely and quickly register to receive these communications directly on the corporate website homepage at http://www.newmarkettechnology.com/. Recipients can manage their own email contact profile and safely unsubscribe at any time.

About NewMarket Technology, Inc. (http://www.newmarkettechnology.com/)

NewMarket provides systems integration, technology infrastructure services and emerging technology worldwide. NewMarket has a focus on providing technology and support services to rapidly growing economies where technology purchasing is on the rise. In addition to its base of operations in North America, NewMarket has operations today in the growing economies of China, Southeast Asia, Brazil and Northern Latin America. Last year the Company reported over $40 million in revenue from Asia and over $20 million in revenue from Latin America. Overall, NewMarket reported over $95 million in revenue for 2008 and reported over $98 million in profitable revenue for 2009.

Across the globe, NewMarket is a Microsoft and Oracle partner, distributes various computer hardware and peripherals from brand partners such as Dell, HP, IBM, Cisco, Sony, Epson, Canon and Sanyo and is also an authorized reseller of operating systems and various software from companies such as Red Hat, Sybase, IBM, BEA, Veritas and others. Additionally, the Company works with emerging technologies such as mobile computing, various security and wireless broadband technologies. NewMarket's rapid growth since 2002 placed the Company on the Deloitte Technology Fast 500 for 5 consecutive years. NewMarket was recognized as the third fastest growing technology company in the United States in 2006 and the number one fastest growing technology company in North Texas for two years in a row.

"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.

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