NewMarket Technology, Inc. Affiliate RedMoon, Inc., Announces a Strategic Partnership with SkyPilot Networks and TESSCO for Delivery of Municipal Wi-Fi through Texas Go DIRect Program

RedMoon, Inc. to Be Consolidated into NewMarket Broadband Subsidiary

NewMarket Technology, Inc. (OTCBB:NMKT) affiliate RedMoon, Inc. (RedMoon Broadband) announced last week a strategic partnership with SkyPilot Networks and TESSCO Technologies, Inc. (NASDAQ:TESS). The partnership will focus on enabling state agencies, cities, counties, school districts and higher learning institutions to simplify procurement and gain access to discounted pricing throughout the Texas DIR (Department of Information Resources) Go DIRect Program.

NewMarket Broadband Subsidiary Forecasted 2007 Revenue of $10 Million

Last week, NewMarket acquired Diamond I, Inc. (OTCBB:DMOI) in a strategy to build a publicly listed Wi-Fi subsidiary with a $10 million 2007 revenue forecast. NewMarket will consolidate its own Wi-Fi assets into Diamond to build a comprehensive wireless broadband offering with applications in multiple market segments. The Diamond I name will be changed to NewMarket Broadband, Inc. and the ticker symbol will change accordingly.

To facilitate the expansion, NewMarket recently announced an LOI agreement to acquire a majority interest in RedMoon, Inc. NewMarket currently holds an affiliate position in RedMoon.

RedMoon Broadband, SkyPilot and TESSCO

Texas-based RedMoon Broadband is a leader in municipal Wi-Fi and has designed, engineered and deployed wireless mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband for municipalities.

To assist cities in rapidly launching their Wi-Fi networks, the Company has created the RedMoon Starter Kit, conveniently bundling all that’s required to build a secure 2.4 GHz Wi-Fi and 4.9 GHz Public Safety HotZone including SkyPilot mesh nodes, video surveillance cameras, and a complete Support System. Although managed by the state of Texas, other state agencies and local government entities are able to benefit from the Go DIRect Program based upon eligibility.

“We’re excited to work with SkyPilot and TESSCO to provide thousands of public sector entities across the State of Texas with an easy and cost-effective way to address their growing demand for high bandwidth applications such as business Internet connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services,” said Bryan Thompson, president of RedMoon. “We’re in discussions with numerous municipalities interested in public Wi-Fi access as well as a secure wireless network that will help boost the productivity of its employees and further improve city services.”

Currently, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX), deliver service through their SkyPilot mesh network to the 23 square mile City of Burleson, Texas, supplying an automatic water metering program to more efficiently track consumption, curb water loss and increase revenues. Automatic Meter Reading (AMR) technology will enable Burleson to reduce meter reading costs, improve the accuracy of readings, support conservation efforts and raise the level of customer service.

NewMarket Award-Winning Strategy for Rapid Revenue Growth

NewMarket Technology ranked fifth on Deloitte’s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. This is the third consecutive year that NewMarket has been ranked on Deloitte’s Technology Fast 500. NewMarket Technology continues to maintain a rapid growth rate expecting to report $70 million in revenue in 2006 and $120 million forecasted in 2007.

Recent Analyst Recommendations With Near Term Target Prices of $0.78 and $1.00; BreakAway Investor says “early investors could reap 262% returns”

Last week, The BreakAway Investor of the Taipan Financial Network (www.taipanfinancialnews.com) issued a “Buy” recommendation on NewMarket Technology, Inc. Beginning the report with “West Point grad leaves Wall Street dumbfounded after he makes dot-com-era business model work,” Andrew Mickey, the editor-in-chief of The BreakAway Investor financial advisory newsletter says that “early investors could reap 262% returns.” The independent research report recommends “Buy shares of NewMarket under 45 cents per share. It has become a key partner to customers throughout high growth regions including Latin America and China. Shares won’t be hanging below $1.00 for too much longer.” The BreakAway Investor investment report on NewMarket Technology is accessible at www.taipanfinancialnews.com/redhotstockpick0307.html.

Separately, Beacon Equity Research issued an independent analyst report rating NewMarket as an “Outperform” with a fair market value of $0.78. The research report and a research update are available at www.beaconequityresearch.com.

To be added to NewMarket’s corporate e-mail list for shareholders and interested investors, please send an e-mail to ir {at} newmarkettechnology(.)com.

About RedMoon, Inc. (www.redmoonbroadband.com)

RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon’s networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.

RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.

RedMoon holds a DIR Commodity Purchasing Program Contract (No. DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.

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.
Contacts

NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir {at} newmarkettechnology(.)com
www.newmarkettechnology.com