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IVAN 10Q out .... looks good on the face of it. eom
IONA and CHTR moving up well on their news today....will the markets stay green today is the question.
another one bites the dust. >>>>Suspect on Most-Wanted List Arrested by Saudi Authorities
8/6/2004 2:50:00 PM
WASHINGTON, Aug 6, 2004 /PRNewswire via COMTEX/ -- One of Saudi Arabia's most-wanted terrorist suspects was arrested yesterday without incident by Saudi authorities. Faris Ahmad Jamaan Al Showeel Alzahrani, who is on the list of Saudi Arabia's 26 most-wanted, is described as one of the leaders of the group that has been calling for terrorist attacks and instigating the murder of security officers and other innocent people.
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Alzahrani was arrested with another individual whose identity is being withheld pending investigation. Due to the swift and efficient actions by security forces, the suspects were apprehended before they were able to use weapons that they were carrying.
According to Ambassador to the United States Prince Bandar bin Sultan: "The diligence of our authorities, along with the support of our citizens, will continue to bring these criminals to justice."
Saudi Arabia's most-wanted list now stands at 11 at large, with 12 killed and three in custody.
This press release is distributed by Qorvis Communications on behalf of the Royal Embassy of Saudi Arabia. Additional information is available at the Department of Justice in Washington, DC.
SOURCE Royal Embassy of Saudi Arabia, Information Office
Royal Embassy of Saudi Arabia, Information Office,
+1-202-337-4076
www.saudiembassy.net
Copyright (C) 2004 PR Newswire. All rights reserved.
Dog pile on the markets!!! eom
lol you've been saying that for a long time. Some day it may happen. GL eom
Bingo SpillWay!! eom
CHTR - bouncing up nicely...so far...on their news from yesterday. Could keep running....maybe. lol!
Well that little bit of news wasn't good. Government just awarded more contracts with some oil companies to complete the filling of the US oil reserves. Take more oil out of the market...good idea. NOT! They should just stop filling for the next 4 or 5 months! Yeeeesh!
LOL! They were told to make it wrong. Bush team had to try to talk the number up. It didn't work. Now they got problems. They're now putting the blame on oil and the previous administration and democrats ...and they'll probably make an effort to talk oil down....and if that don't work....Bush team could lose the election.
Just about short everything!!! Got my vodka...ready for whatever tomorrow brings!!! Yeeeehawwww! lol!
Buzz - Jobs report will be released at 8:30am EST. Fingers crossed. eom
lol @ lil_mini_ditka. eom
getting bloody now in the markets....bloody oil. eom
NMKT news - NewMarket Technology, Inc., Now at $40 Million in Annualized Revenue, Introduces Innovative Micro-Cap Strategy
Management Unveils Plan to Achieve $100 Million in Profitable Annualized Revenue by Summer 2005; CEO Outlines Plan in Open Letter to Shareholders
8/5/2004 1:09:00 PM
DALLAS, Aug 5, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) today announced plans to achieve $100 million in annualized sales by mid 2005. In an open letter to shareholders, the CEO, Philip Verges introduces the Company's innovative high-tech business model designed specifically to thrive in the Micro-Cap Market. Mr. Verges goes on to outline management's plan to reach a profitable $100 million in annualized revenue from the current $40 million in annualized revenue. The letter is included in its entirety within this press release.
With the acquisition of LOGICORP announced on August 3rd, NewMarket Technology is well within reach of achieving its $50 million revenue run rate and $20 million booked revenue objectives by year end 2004. With five full months left in the year and over $10 million in our sales pipeline today, we are confident we will meet, if not exceed our 2004 revenue projections.
We have made strategic investments to expand our operations from the $2.3 million in revenue reported in 2003 to the current $40 million in annualized revenue. These investments are reflected as losses in our quarterly financial reports. We have published our intention to demonstrate the return on these investments by reestablishing operational profitability by year end. We are running ahead of our forecasted operational profit improvements and are confident NewMarket will have no issue in achieving its reestablished profitability goal on time.
How it all fits together -- An Innovative Business Model and Micro-Cap Strategy
In the technology investment void left by the collapse of the Dot Com IPO market, NewMarket has worked diligently to build a new technology investment paradigm in the Micro-Cap market. While the tenets of the Dot Com IPO market were the life-time-value-of-a-customer, rapid and broad first-to-market penetration and a corresponding $100 million dollar plus Initial Public Offering, the tenets of our Micro-Cap strategy are test market roll-outs of new technology, support service economies of scale and much smaller periodic public investments to support just-in-time capital requirements.
Technology investors enjoyed the substantial pre-IPO private investment opportunity leading to double and triple digit returns. The size of the Micro-Cap investment is far less substantial then the pre-IPO investment opportunity, but the rate of return potential is the same. Accordingly, for a business model to be attractive to a technology investor in a Micro-Cap market, the model will have to make up for the reduced investment size by presenting multiple smaller investment opportunities. The NewMarket business model is still progressing, but this is exactly where we are going -- a single business model with multiple equity investment opportunities bearing high rate of return potential.
The first four key aspects of our business model outline how NewMarket can create multiple small, high rate of return equity investment opportunities:
1. Identify and acquire early stage technology companies (We look
specifically for IP communication proprietary technology
properties).
2. Incrementally invest to refine the acquired proprietary
technology for a specific market sector (Today we concentrate
on the Telecommunications, Healthcare and Homeland Security
market sectors).
3. Concentrate initial sales efforts on focused test market
opportunities and then expand test to validate market
viability and profitability.
4. Once validated, spin out the proprietary technology into a next
stage, standalone public company that creates a new high rate
of return equity investment opportunity and correspondingly
supports an expanded business plan for the specific
proprietary technology.
NewMarket Technology has recently initiated our first spin-out. We have built a robust Voice over Internet Protocol (VoIP) capability and established a test market proving the viability of the offering. We are now executing on a plan to create what will essentially be an equity dividend for NewMarket shareholders as they will receive stock in a new public company. At the same time, we create a new high potential rate of return equity investment opportunity for the technology investment community at large.
We are accelerating our ability to provide technology investors with a high potential rate of return equity investment opportunity through our affiliate marketing partners program. In addition to our acquired proprietary technologies, we are partnering with other proprietary IP communication technology companies that have products we believe we can re-sell through our Telecommunication, Healthcare and Homeland Security market sector concentrations. NewMarket has established an affiliate equity position (20% ownership or greater) with three such marketing partners today and will shortly have a fourth in the affiliate marketing partners program. NewMarket re-sells the affiliate partners' technologies, as well as the services, to integrate and support their offerings. The partnership agreement also empowers NewMarket to manage the public listing of the affiliate partner. The affiliate partner program in turn creates a second avenue for equity dividend opportunities for NewMarket shareholders and multiple high potential rate of return equity investment opportunities for the technology investment community at large.
Smaller equity investments, but more of them -- this is what we believe will be the mantra of the next high tech investment wave. We believe the Micro-Cap market will be the venue for the next high tech investment wave and we intend to be a trendsetter.
Economies of Scale and Out of Favor Systems Integrator Acquisitions
All technology products, new or old, require support services. Customers need training on a new technology, they need the technology integrated into their work environment, they need someone to call when they have an issue with the technology and they want the technology to be updated to include new features and to be compatible with the new phones, computers or handhelds they plan to buy during the next 24 months.
In order to optimize our ability to efficiently utilize investment dollars to refine and make market proving sales of early technologies, we are including an economy of scale aspect in our business model by building a single support services organization to support all three of our market sector concentrations, all of our in-house proprietary technology offerings and the products of our affiliate marketing partners.
In addition to the support service economies of scale we also gain an often-overlooked but essential talent in the sale of new technologies. While new technologies have been trialed in a test environment, they inherently have not been tested in a live business environment. The conditions of a live business environment are difficult, if not impossible to duplicate in a test environment. Accordingly, the technology support services that support new technologies are critical and very different from those general support services contracted to support incumbent technologies. We are building a very specialized technology support services organization specifically geared to the unique requirements of emerging technology rollouts.
To accelerate the development of our technology support service capacity, we have set out to consolidate the assets of several acquired systems integration companies. We have concentrated our acquisition efforts on systems integration companies that might be considered out of favor. NewMarket management has an extensive systems integration background with my own experience at Electronic Data Systems (EDS) as just one example of that overall background. Instead of paying a premium to acquire systems integration companies, we have concentrated on better priced, out of favor companies where we believe we can bring NewMarket's systems integration background to bear in combining the best aspects of several firms.
In addition to building a best of breed emerging technology support services organization through the consolidation of otherwise out of favor systems integration companies, we have also established strategic geographic footholds through our acquisitions. New technologies generally replace old technologies. Old technologies are more often then not sold by large brand name Goliaths. Where possible, we would rather avoid the conflict with a Goliath than take a David strategy of replacing an incumbent technology solution with our new emerging technology solution. Outside of North America exist several high-growth developing economies not saturated by brand name Goliaths. Specifically, we have targeted the Asia Pacific region and Latin America. Accordingly we have acquired systems integration companies in Singapore and Venezuela.
Above, I listed the first four key aspects of our business model that pertained to our Micro-Cap market strategy, below are the fifth and sixth aspects of our business model that pertain to our technology support service strategy:
5. Maintain the support service economies of scale by retaining
support service contract functions at NewMarket Technology.
6. Build service and sales capacity in developing economies
oversees to take advantage of reduced labor expense and to
sell into fast growing economic regions with less brand name
competition than in North America.
Trendsetters and Market Leaders
NewMarket has set out to establish a standard for the next generation of technology innovation. We have chosen to be trendsetters. We know this is not an easy path.
The financial market that technology innovation depends on is resistant to change. Investment professionals typically look for historical trends and have difficulty assessing emerging trends. The naysayers are often times far more vocal than the watch-and-see optimists. Such criticism tests both the resolve of management and shareholders alike.
As a Micro-Cap company, we have started on the OTCBB. In addition to enduring the unique challenges of a trendsetter, we also endure those challenges common to the OTCBB. While the OTCBB is an ideal exchange for a Micro-Cap strategy, trading activity increases are regularly rewarded with hedging abuse.
The plan for NewMarket is long-term. For the last two years, we have concentrated on building the NewMarket platform. The investment return opportunities have not yet begun in earnest. The NewMarket business foundation is well underway.
As we have now put the 2004 financial objectives well within our reach, we are looking ahead to 2005. We expect to at least have achieved a profitable $50 million revenue run rate by year end 2004. With our foreign sales and service centers established and our organic sales pipeline beginning to grow in response to our organizational ability to support larger contracts, we are setting our sights on a profitable $100 million revenue run rate by the end of next summer.
Management optimism and resolve are resilient as it is clear to us that we are succeeding in the execution of our plan and building shareholder value. We are more confident then ever in the plan. We are committed to establishing a new standard for the next generation of technology innovation. Again, we know the path is not easy, but management and shareholders alike will benefit as we continue to build this Company's revenue and profits. We enthusiastically welcome your interest and support in the NewMarket vision.
Best Regards,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc.
Investor Relations, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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Copyright (C) 2004 Business Wire. All rights reserved.
lol...yep spillway and some Viagra. $50 is possible especially if there's even one minor terrorist action...or a oil pipeline problem. But it's all bull if you ask me...there's not been a HUGH increase in demand. It would take a country the size of China to all of a sudden to materialize out of no where to absorb the excess crude available in the current market...it's just a momo that will all of a sudden drop like a rock when the traders aren't making big money.
damn crude at 44.30...markets going down the drain....yeeesh.eom
oil now below $43...could be the start of a major slide there....and airline stocks will bounce nicely....but you'll have to keep your eye on oil and see if turns back up again.
so much for OSUR....ouch. eom
Y very good earnings....also OSUR. Two should run tomorrow.
nmkt - NewMarket Technology Inc. and LOGICORP Data Systems Ltd. Announce 51% Stock Acquisition of LOGICORP; Combined Annualized Revenues Reach $40 Million
August 03, 2004 12:56:00 (ET)
DALLAS, Aug 3, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT, Trade) and LOGICORP Data Systems Ltd. announced today that NewMarket has acquired 51% of LOGICORP in a Stock Acquisition.
The acquisition of LOGICORP Data Systems Ltd. includes the acquisition of LOGICORP Services Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same management to provide clients comprehensive information technology integration and support services.
NewMarket acquired 51% of the issued and outstanding stock of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in cash and $1 million will be paid according to the terms of a $1 million, 24-month promissory note. The entire $2.1 million payment will be directed by the sellers to LOGICORP as new working capital for the Corporation.
NewMarket and LOGICORP have been in discussions since early this year. The two organizations entered into an initial Letter of Intent (LOI) agreement in May. An updated LOI was executed on June 30 following a mutual due diligence engagement. In light of the prevailing financial markets and in a mutual commitment to a common business vision, NewMarket and the LOGICORP shareholders agreed to a further modification of the acquisition terms previously updated on June 30. In the acquisition announced today, NewMarket has exchanged only cash and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has not issued any NewMarket stock in this transaction. LOGICORP management and shareholders have the opportunity to receive NewMarket stock based on the operating performance of LOGICORP over the next twelve months. Provided LOGICORP achieves a minimum of $18 million in sales with operating profit of break even or better in the twelve months following this initial stock acquisition, the LOGICORP shareholders will be eligible to receive $1.9 million in NewMarket stock in exchange for the remaining 49% of the issued and outstanding LOGICORP stock.
About LOGICORP (www.logicorp.ca/)
LOGICORP is an IT service provider with offices in Calgary, Edmonton, Toronto, and Vancouver. Established in 1988, LOGICORP serves small, medium, and large organizations in the corporate, government, and educational sectors with a competitive and innovative IT business solution. LOGICORP excels in Server Based Computing, Storage, Enterprise and Operating Software, Internetworking Technology, and Microsoft Business Solutions (Great Plains and CRM). LOGICORP also offers full service planning, procurement, configuration, licensing, and maintenance programs.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (Q, Trade). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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Get breaking news from companies and organizations worldwide.
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Copyright (C) 2004 Business Wire. All rights reserved.
9:57am 08/03/04 [TRIB] TRINITY BIOTECH GETS FDA CLEARANCE FOR CAPTIA DRUG eom
RUNVS - yes...but won't hold it longer than today. eom
if your interested...here's the 8K just released on CWON pretaining to their "problems".......
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=2916140&doc=1&total=&back=2&...
morning all.....CWON - for a bounce play. eom
yep your right Spillway....gonna be a looooong summer....with a lot of cash on the side lines.
In FCEL ...maybe it can get back into the mid teens....we'll see. - 1:23pm 07/30/04 [FCEL] FUEL CELL UPPED TO 'BUY' AT ADAMS HARKNESS
wellllll maybe that wasn't so great of news....grrrr.....eom
In TGT on this news...11:31am 07/30/04 [TGT, MAY] TARGET COMPLETES $3.2B SALE OF MARSHALL FIELD TO MAY
IM moving up nicely this morning...they released good numbers last night.
ICOA - filed filing seeking increase in OS from 150k to 750k. It's going to dilute....just another pos now...imho.
just an fyi...IM reports after the bell...if numbers good...could jump up nicely.....missed last quarter...should make lowered numbers this quarter.
CMKX - news fwiw --CMKM Diamonds Inc. Purchases 25% of Juina Mining
7/29/2004 2:26:00 PM
LAS VEGAS, Jul 29, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has purchased common stock equating to 25% of the outstanding shares of Juina Mining Corp. (Pink Sheets: GEMM) for $500,000.
In addition, GEMM has issued an option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
Further developments and other information on the company may be viewed at our Web site, http://www.casavantmining.com.
SOURCE: CMKM Diamonds Inc.
CMKM Diamonds Inc.
Melvin O'Neil, 306-752-3755
877-752-3755
Fax: 306-752-3754
ipr@sasktel.net
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved
Spillway - your correct...but they may inject "paid sponsorship advertising" for segments. This will be a first for them.
XMSR - launching public radio channel...probably means they want/need some advertising revenue...imho.
XM Satellite Radio to Launch New Public Radio Channel
7/29/2004 11:20:00 AM
WASHINGTON, Jul 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- XM Satellite Radio (XMSR), the nation's leading provider of satellite radio with more than 2.1 million subscribers, will launch a new channel, XM Public Radio (XM Channel 133), featuring programs from Public Radio International (PRI) and its satellite radio subsidiary American Public Radio; American Public Media, the national production and distribution branch of Minnesota Public Radio; and Boston public radio station WBUR. The new channel is scheduled to debut on September 1.
"We are thrilled to announce the launch of XM Public Radio," said XM Satellite Radio President and CEO Hugh Panero, "and it is an honor to carve out this completely new space in the broadcasting arena with such esteemed public radio programming partners as American Public Media, WBUR and Public Radio International. We look forward to working with these partners to ensure that the quality programming they produce reaches the broadest audience possible."
XM Public Radio will feature a host of critically-acclaimed public radio programs, including This American Life, Michael Feldman's Whad'Ya Know?, Garrison Keillor's The Writer's Almanac, Speaking of Faith, On Point, and Only a Game, among others. In addition, award-winning public radio newsman Bob Edwards has signed on to host a new morning interview program, The Bob Edwards Show, exclusive to XM Satellite Radio, which is scheduled to debut on October 4.
Detailed information about XM Public Radio, including a programming line- up and show descriptions, is available on http://www.xmradio.com/publicradio.
About XM Satellite Radio
XM is America's #1 satellite radio service with more than 2.1 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM's 2004 lineup includes more than 120 digital channels of choice from coast to coast: 68 one-hundred-percent commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 34 channels of premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide.
Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for "on the go" are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory- installed option on more than 40 new General Motors models, as well as a standard feature on several top- selling Honda and Acura models. JetBlue Airways and AirTran Airways passengers will be able to listen to XM's programming in-flight later in 2004. This fall, XM will offer XM NavTraffic, a new service that will provide real- time traffic information for vehicle navigation systems. For more information about XM, visit http://www.xmradio.com.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-15-04. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
SOURCE XM Satellite Radio
Chance Patterson of XM Satellite Radio, +1-202-380-4318,
chance.patterson@xmradio.com
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040729/DCTH039-c
PRN Photo Desk, photodesk@prnewswire.com
http://www.xmradio.com/publicradio
Agree SpillWay lol! eom
markets coming back nicely....getting pretty predictable...buy during mid morning dip...sell late afternoon...interesting.
mgland - fit's I guess. lol! eom
lol that's plunging...not punging...me bad. eom
ASKJ punging...early release of their numbers...not good....wouldn't touch this one. eom