NewMarket Technology, Inc. Expands Latin American Software Factory with Clients Oracle and Baan and Moves to Separately List Subsidiary in Transaction with Paragon Financial, Inc.

Software Factory Employs More Than 120 Engineers Developing Software in Java and Microsoft ASP Technologies

DALLAS -- NewMarket Technology, Inc. (OTCBB:NMKT) today released an update on progress and the business plan in Latin America for 2007. NewMarket recently announced a letter of intent agreement to merge its Latin American operations into Paragon Financial, Inc (OTC:PGNF) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations located in Venezuela, Brazil and Chile.

Latin America Expansion in 2007

In 2006, NewMarket's operation in Brazil established a Software Factory to do development and customizations on demand for the customers of large US software companies operating in Brazil. Today, the operation employs more than 120 development engineers developing software in Java and Microsoft ASP technologies. In 2007, the Software Factory operation has plans to increase more than 50 percent and to expand development and customization work to use other languages and technologies. Currently, the Software Factory has software development contracts with Oracle (NasdaqGS:ORCL) and Baan Software, among other clients.

CEO Philip Verges to be Interviewed on MN1 at 9:30 AM CST Today

Separately, CEO Philip Verges will be interviewed on Market News First (www.mn1.com) with the MN1 news team in an audio/video format at 9:30 AM CST today.

Recent NewMarket Technology, Inc. Announcements

* NewMarket was recognized this year by Deloitte as the 5th fastest growing technology company in North America 

* CEO Philip Verges recently purchased 1 million shares of NewMarket

* Increased its revenue forecast for their recently listed NewMarket China operations (OTCBB:IICP) to $40 Million for 2007 vs. $20 Million forecasted for 2006

* Record revenues of $18.9 million for the 3rd quarter of FY 2006 and revenue for first 9 months 2006 up 53% from first 9 months of 2005 ($53.2m v. $34.8m)

* Year-to-date net income of $2.7 million -- up 127% over first nine months 2005 ($2.7m v. $1.2m) after currency translation

* Company on track to meet forecast of $70 million in revenue for 2006

* 2007 revenue forecast currently at $120 Million without any acquisitions with confidence in forecast derived from company's $200 million pipeline of potential revenue being pursued

* Shareholder equity up over $41 million at the end of the 3rd quarter, up 45% from same quarter last year ($41.3m v. $28.5m)

Beacon Equity Research Report

Beacon Equity Research recently released an research update on NewMarket Technology recently, stating, "The latest announcements on merging NewMarket's Latin American operations into Paragon Financial (OTC:PGNF) along with the most recently announced planned combination of its WiFi's investments into Diamond I (OTCBB:DMOIE) further validates our confidence in reiterating our Outperform rating and price target of $0.78 on NewMarket's stock." Beacon summed up their research note with, "NewMarket has reiterated its optimistic outlook with a FY07 revenue forecast of $120 million purely from organic growth and assuming no acquisitions. Given NewMarket's legacy of rapidly growing through both organic growth and acquisitions, if the company is successful in meeting its projections then our forecast may prove conservative."

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 integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.

"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.