NewMarket Technology, Inc.: NewMarket Technology, Inc. Announces $10.5 Million Managed Services...

DALLAS, TX--(Marketwire - July 25, 2008) - NewMarket Technology, Inc. today announced a three-year, $10.5 million managed services contract with WBA (Wireless Broadband Access) Telecommunications, S.A. of Bogota, Colombia. This is NewMarket's first contract in Colombia. Not including this recent contract, NewMarket has approximately $20 million in annual revenue in Latin America through its operations in Brazil, Chile and Venezuela. NewMarket globally reported $93.1 million in profitable revenue in 2007 across all Company operations. Over the next three years, NewMarket will provide a wide variety of IT Managed Services to WBA. The two companies are also forming plans to co-develop additional business. The companies are currently exploring opportunities to combine WBA's regional telecommunications experience with NewMarket's... [read full story]