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NewMarket Technology, Inc. Updates Shareholders on 2007 YTD Sales Growth Over 2006, the Corporate Emerging Market Strategy and a 2008 Early Outlook
Tuesday November 13, 12:06 pm ET
NewMarket Releases Chinese Subsidiary 2007 Third Quarter Financials Reporting $27.9 Million YTD Revenue; $29.5 Million in Revenue Reported in Fiscal Year 2006
DALLAS, TX--(MARKET WIRE)--Nov 13, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced CEO Philip M. Verges has released a letter to shareholders to review year-to-date financial performance in addition to providing shareholders with an update on the Company's continued emerging market success and evolving market strategy in developing economies. The letter includes an early outlook of 2008 plans.
The letter has been released in conjunction with the published third quarter financial report for the independently listed NewMarket China, Inc. (OTC BB:NMCH.OB - News) subsidiary. The subsidiary report has been filed in advance of NewMarket's comprehensive third quarter financial report to be published subsequently. The letter to shareholders is included in its entirety below.
NewMarket Technology recently announced a webcast scheduled for Monday, November 19 at 4:30 PM EST to review the Company's third quarter financial performance. The webcast review will be conducted by CEO Philip M. Verges and CFO Philip J. Rauch and will include third quarter performance for NewMarket's independently listed subsidiary NewMarket China and a review of NewMarket's subsidiary operations in Latin America. NewMarket's Latin American subsidiary operations are being consolidated into NewMarket Latin America, Inc. (Other OTC:NLAI.PK - News). Log on details for the webcast are available on www.newmarkettechnology.com on the home page under "Current Events" or can be accessed at http://biz.yahoo.com/cc/3/87613.html.
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Dear Fellow Shareholders:
NewMarket continues to report dramatic award winning revenue growth with $77.6 million in 2006 and driving toward a $100 million revenue goal in 2007. The Company has been recognized in the Deloitte Technology Fast 500 for four consecutive years. NewMarket ranked as the fifth fastest growing company in North America in 2006 and 21st fastest growing company in 2007. NewMarket received honorable mention for placing highly in the rankings for two consecutive years in Deloitte's recent release on the 2007 results.
I believe NewMarket's pending third quarter financial performance results will be received by shareholders as a continued demonstration of aggressive revenue growth. I also believe that the third quarter results will demonstrate the Company's advancing maturity through net income performance and a stabilizing capital structure.
As previously communicated to shareholders, with award winning growth has come some growing pains. While management expects overall financial performance results in 2007 to demonstrate continued rapid growth, we had set our sights even higher. In addition to delaying projects that could have contributed more revenue in 2007, management also delayed planned dividends and the independent listing of more subsidiary operations. While revenue producing projects, dividend and independent listing events have been delayed, we have every intention of fully executing on all of these initiatives as we overcome the previously mentioned growing pains.
The purpose of this letter is to provide shareholders with a review of the year to date financial performance and how that performance fits into the Company's advancing maturity. Furthermore, this letter will also provide an update on NewMarket's exciting progress in the emerging markets arena and our evolving strategy to capitalize on this fast growth market segment. Finally, this letter will conclude with an early outlook of goals and prospects for 2008.
Corporate Maturity
NewMarket has grown over the last five years from a $1 million in annual sales "startup" into a nearly $100 million in annual revenue small to medium sized enterprise. I would characterize the company as still being in transition from its beginnings as a key-man managed startup into a professionally managed enterprise driving toward future recognition as a household brand name synonymous with "technology innovation."
We have added a number of senior managers and still have more positions to fill. The addition of Philip J. Rauch as our CFO last year has been instrumental in our transition into a professionally managed company. Mr. Rauch has been refining the organization's ongoing aggressive revenue growth objectives, including specific gross margin and net income discipline. In conjunction with Mr. Rauch coming on board last year, NewMarket posted its best ever net income in 2006. This year, NewMarket has continued to demonstrate a bottom line discipline, and I believe shareholders will find the third quarter financial results to be a further validation of our progress.
Significantly, Mr. Rauch has also improved NewMarket's long-term capital structure discipline. NewMarket acquired a number of assets prior to 2006 in transactions that ultimately resulted in a steep issued and outstanding increase on a quarterly basis after 2006. The Company shifted its acquisition strategy in order to stabilize the capital structure. I believe shareholders will consider the third quarter financial results a dramatic demonstration of the shift in acquisition strategy.
Emerging Market Success and Evolving Strategy
NewMarket's emerging market efforts in South America and China have been the greatest contributors to the Company's revenue growth. As the Company continues to execute on its business plan, management anticipates the net income contribution from emerging market operations in South America and China to begin keeping pace with the ongoing emerging market contribution to revenue.
With 50% of the world's population residing in Brazil, Russia, India and China, the "BRIC" acronym has become a common emerging market reference found in many Western Fortune 2000 business plans. However, the BRIC economies largely consist of small business operations. The shortage of business partner prospects with the operational magnitude to forge viable joint ventures with Fortune 2000 companies impedes the ability of Fortune 2000 operations to make a nimble entry into the leading global emerging markets -- not to mention the second and third tier emerging markets. On the other hand, NewMarket, as a small business itself, has been able to successfully forge small business partnerships in Brazil and China in addition to second and third tier developing economic regions and now has tenured management teams on the ground in the targeted emerging markets.
In addition to the issue of viable emerging market partnership potential is the issue of available investment support. The traditional investment banking community is less than eager to engage capital in emerging markets with the political and economic risk of most emerging markets -- especially the second and third tier emerging markets or "frontier" markets. However, NewMarket has found the micro-cap public markets an ideal platform for emerging market investment. The micro-cap public markets certainly have their own issues and risk and are experiencing their own maturation experience. But the liquidity of the micro-cap public markets and the smaller average size of the typical micro-cap investment has made for a favorable emerging market investment environment.
NewMarket is working to improve upon its current emerging market success by leveraging the public micro-cap investment environment and engaging small businesses to form small business partnerships with two specific initiatives. One, we are targeting state owned infrastructure oriented business operations with which to create joint ventures that can be independently listed on public micro-cap exchanges. I just returned from a conference of Telecom Operators for Small States (TOSS). This was a meeting of senior management from telecom companies providing services to countries with a population of less than two million residents, where the telecom companies are owned by the governments of small nations. Malta and the Isle of Man, for example, were in attendance. These telecom operators are facing similar issues resulting from the global telecommunications regulatory environment generating new laws and treaties at an accelerating rate and in general, intended for large telecom operators. The operators are struggling to react and diversify their services into content rich services that include features such as music downloads and wireless broadband internet access. NewMarket, in many instances is a larger organization or of commensurate size compared to many of these telecom operators in terms of annual revenue and balance sheet strength. As a result of our participation in this conference, we have a number of next stage business development opportunities to forge joint venture operations with TOSS members which could result in independent publicly listed companies delivering new telecom services to the resident populations of the TOSS member nations.
The second emerging market initiative we have launched is forging joint venture operations between early stage emerging market operations and Western Fortune 2000 companies. For example, we are in the early stages of developing an online travel services company in Sub-Saharan Africa. We are working to establish an equity partnership with a United States Fortune 2000 online travel services company. We are looking for the right U.S.-based online travel services company to provide intellectual property and management expertise, both of which will be protected by U.S. law as the joint venture company is headquartered in the U.S. and governed by U.S. law. We intend to mitigate the emerging market investment risk for the U.S. Fortune 2000 partner by independently listing the African joint venture operation on a U.S. micro-cap public exchange and raising the necessary early stage capital for the joint venture with the equity of the independently listed African joint venture. Additionally, the U.S. Fortune 2000 partner has the opportunity to participate in a social outreach initiative with minimized financial risk. The joint venture will generate jobs in the developing economic regions, where jobs are needed. If the joint venture succeeds, the Fortune 2000 operation will not only have participated in a social outreach initiative, but also opened a new high growth potential market.
The state-owned infrastructure company joint venture and Western Fortune 2000 joint venture initiatives are still early stage and financial results from these initiatives will take time. As an illustration, using our current operations as an example, our first meeting in China was in 2002 and we did not generate revenue from China until 2005. With 2007 annual sales approaching $40 million in China, we believe the 2002 initiative has proved worthwhile. We are equally optimistic, if not more so, of the potential that can be realized from our current state owned infrastructure and Western Fortune 2000 initiatives.
2008 Early Outlook
NewMarket Technology is an early stage technology company with a mission to continuously introduce new technologies to new markets. The two key strategies we follow in the execution of our mission are; 1) to launch our early stage technologies from one of our platform service companies providing current brand name technology solutions from the incumbent industry giants like Cisco Systems, Microsoft, Sun Microsystems and Oracle, and 2) to concentrate our early stage technology product offerings in the world's emerging markets where the global economy is growing the fastest and technology "leap frog" opportunities exist.
To date, NewMarket has made substantial strides since launching the execution of this mission in June of 2002. The Company has established a significant emerging market presence in two of the world's leading emerging markets -- Brazil and China. In Brazil, NewMarket's local operation is recognized as a leading provider of Oracle solutions and in the Northern regions of the South American continent, NewMarket's local operations are a recognized leading provider of Microsoft solutions. In China, NewMarket's operations are recognized in the greater Shanghai business region as a leading provider and integrator of some of the world's leading computer and networking equipment from brand name companies headquartered in Western countries.
While management prepared in late 2006 to transition NewMarket from a key man, small business into a professionally managed small to medium sized enterprise, we nevertheless encountered unanticipated growth challenges as the company continued to achieve rapid growth. The unanticipated challenges necessitated a reallocation of corporate resources to concentrate on corporate infrastructure initiatives rather than on corporate rapid growth initiatives. The result was a delay in the additional independent public listing of subsidiary operations and a corresponding delay in the planned distribution of dividends of stock in those subsidiaries to NewMarket shareholders. Additionally, the company also postponed a small number of organic growth initiatives that would have substantially increased overall 2007 sales. With the reallocation of corporate resources to corporate infrastructure initiatives, NewMarket will begin 2008 better prepared to support ongoing aggressive growth, including the independent public listing of subsidiary operations and the corresponding distribution of shareholder dividends. NewMarket has not altered its growth strategy, but is now better prepared to sustain continued growth.
Shareholders are assured that NewMarket will definitely list additional subsidiary operations in 2008 and issue shareholder dividends. The declaration of a dividend date of record before the end of 2007 is not out of the question. However, we are not currently prepared at this time to definitely commit to a date of record for a dividend.
After traditionally holding our annual Town Hall meetings in December every year, we have moved the meeting to January. We have scheduled the January date to be able to meaningfully present NewMarket's 2008 outlook with 2008 initiatives underway rather than conduct a December meeting with 2008 initiatives presented as no more than bullets on a PowerPoint presentation.
Town Hall and Emerging Market Seminar
In addition to the Company's annual Town Hall meeting, scheduled for Thursday, January 17, 2008 at 3:30 pm CST in Dallas, Texas, at the Fairmont Hotel, NewMarket will host a seminar focusing on emerging technologies and emerging and frontier economies. The seminar, which is scheduled for Friday, January 18, 2008 will be an opportunity for shareholders and interested investors to learn more about the use of emerging technologies and the opportunity for rapid growth within rapidly growing economies worldwide. Anticipated participants include business,non-profit, and government leaders with expertise in emerging markets, such as Brazil, China and Africa.
Those interested in attending the NewMarket Town Hall or Emerging Markets Seminar should contact Whitney Marks at wmarks@newmarkettechnology.com or 214-722-3052 to RSVP and obtain more information.
Here at NewMarket, we are excited about the Company's outlook in 2008. We look forward to picking up the continued independent public listing of subsidiary operations and issuing our first shareholder dividends. We also look forward to expanding operations and sales. This year has been a foundation building year and 2008 will see the benefits of that foundation building. We sincerely appreciate shareholders' patience as we grow and build shareholder value.
Best Regards,
Philip Verges
CEO & Chairman
NewMarket Technology, Inc.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
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 such as Microsoft, Oracle, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. Some emerging technology solutions NewMarket provides include VoIP, Broadband Wireless and Security.
NewMarket delivers its portfolio of products and services through its network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
Contact:
Contact:
NewMarket Technology, Inc.
Investor Relations
214-722-3065
ir@newmarkettechnology.com
http://www.newmarkettechnology.com
Press Release Source: digiMedical Solutions, Inc.
digiMedical Solutions, Inc. Updates Shareholders on Enhanced DEA Compliance, Reduced Expenses and Latin America Expansion Potential
Wednesday October 3, 11:54 am ET
Company Releases CEO Letter to Shareholders Discussing Improving Fundamental Financials and Upgraded Exchange Listing
DALLAS, TX--(MARKET WIRE)--Oct 3, 2007 -- digiMedical Solutions, Inc. (Other OTC:DGMS.PK - News) CEO David W. Lee today released an update on the Company's progress in a Letter to Shareholders. The shareholder letter, released today and included in its entirety below, provides additional detail on the company's business plan and the company's plans for the remainder of 2007.
Dear Fellow Shareholders and Interested Investors,
It has been a busy summer at digiMedical. In my last Shareholder Letter, I updated you on our business plan, technology philosophy and plans for 2007, which included cost reduction and expansion through both acquisition and organic growth. Today, I will give you more insight into our market and update you on our progress for 2007 to include new opportunities now on the horizon after a recent trade mission to Latin America sponsored by the United States Agency for International Development (USAID) and hosted by NewMarket Technology, Inc (OTC BB:NMKT.OB - News).
digiMedical and The Drug Enforcement Agency
In a day and age where the Drug Enforcement Agency (DEA) is tightening controls for both doctors and pharmacies, I find that once again technology is a great solution for managing prescription fulfillment. Looking at the various DEA actions over the last several months, one could conclude that doctors, if they have not already done so, will be seeking technology that can aid in the process of prescribing controlled drugs. The digiRX product line provides doctors a platform for meeting tightening DEA-related prescription fulfillment controls.
I would encourage our shareholders to follow the DEA's website (http://www.usdoj.gov/dea/index.htm) and watch the level of activity by their officers. Our product lines meet the current standards of the DEA, and we are constantly improving our products to exceed the DEA's expectations. This allows doctors that use the digiRX product line the comfort of knowing that we are keeping their office continually in compliance with the DEA.
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Reduced Costs, Increased Revenue and Recent Acquisition
Over the last year, we have had some significant victories. We have moved the company from a private company into a public company on the OTC, and we continue to work through the steps to move toward becoming a fully reporting company on an upgraded exchange.
Additionally, we have made great strides to reduce and streamline costs where necessary. We have installed our technology throughout our pharmacies to receive digital prescriptions from our network of physicians. Significantly, leveraging our technology has benefited the company by increasing prescription count and revenue from those prescriptions, without added human resources. Overall, we have reduced staffing in the pharmacies we acquired, allowing us to reduce our monthly overhead by more than $25,000 per month. We are pleased with this reduction in overhead and will continue to look at every aspect of our spending to continue maximizing our profits.
We have also expanded our potential revenue base through the acquisition of a new pharmacy and merged it with our Ft. Myers, Florida location. Specifically, we purchased Robert's Pharmacy earlier this year, which is a pharmacy located near our Ft. Myers location in Florida. This pharmacy had over 24,000 new potential customers and we merged these assets into our existing pharmacy in Ft. Meyers. This strategic merger gave us a significantly larger patient market, with a lower cost, digitally supported single pharmacy operation. We have already yielded thousands of new prescriptions from this acquisition and merger. To manage the influx of new prescriptions from this acquisition, we developed new technology that allows our call center to interface with external pharmacy databases to extract and track the sales process as we contacted the patients. This leads to my next update: technology.
Technology Update
We have had a good year enhancing our product line with newly released software, specifically digiRXComp and digiRxStream.
digiRXComp(TM) 3.0 is designed to streamline medical practice processes and to eliminate the overhead of processing Workmen's Compensation prescriptions in both the physician's office or clinic and the pharmacy. The new software captures the workmen's compensation data required by law at the physician's location and transmits this data directly to any company-owned pharmacy. This new process eliminates re-collection of data at the pharmacy, eliminates pharmacist call-backs to physicians and, in extreme cases, eliminates the need for patients to re-visit the physician to collect their case.
digiRxStream streamlines the doctor's office workflow process, mass producing prescriptions, especially the schedule two prescriptions, written by the various nurses and doctors within the clinic.
Both digiRXComp and digiRXStream tie the doctors' offices to our call center, allowing our call center service to manage the patient relationship. Our call center service also allows the doctor's staff to monitor the status of a prescription and to push through reauthorizations and refills more efficiently.
Latin America, Project LAC and NewMarket Technology, Inc.
I want to close this letter with news of some exciting new possibilities for digiMedical. Recently, we were selected to participate in "Project LAC" (www.projectLAC.com) and attended the project's trade mission to Latin America. The trade mission was sponsored by the United States Agency for International Development (USAID) and hosted by NewMarket Technology. During this trip, I had several promising business development meetings in Brazil, Chile and Mexico and learned much about the regional needs as they build stronger and more aggressive economies. I learned that digiMedical's business model is valid in those countries, and that our company could thrive if we lay the proper contextual foundations. We are in ongoing business negotiations to develop a potentially substantial opportunity in South America. A video about the Trade Mission has been posted on YouTube at http://www.youtube.com/watch?v=HBn0w3ez--4.
Thank you all for your continued support of digiMedical Solutions. I appreciate everyone's support and patience. We are continuing to move forward and have built a foundation that can lift this business model to its expected heights.
Sincerely,
David W. Lee
Chief Executive Officer
digiMedical Solutions, Inc.
To be added to digiMedical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@digimedical.com.
About digiMedical Solutions, Inc. ™ (www.digiMedical.com)
digiMedical Solutions, Inc.™ is a pharmacy and medical technology company focused on developing next generation, digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless based d-Prescription technology to physicians, acquisition of independent pharmacy chains and the sale of select territories to "market partners" licensed to exploit the digiMedical Solutions™ model. digiMedical Solutions, Inc.™ currently owns and operates six pharmacies throughout Texas and Florida and is a Microsoft Independent Software Vendor (ISV). digiMedical Solutions'™ unique business model connects physicians, patients and pharmacies with next generation medical technologies.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
Forward-Looking Statement
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.
Contact:
Contact:
digiMedical Solutions, Inc.
Investor Relations
Whitney Price
214-722-3029
ir@digimedical.com
--------------------------------------------------------------------------------
Source: digiMedical Solutions, Inc.
Oracle Features NewMarket Latin America, Inc. Project for Melitta Brazil as Partner Success Story
Friday September 28, 9:06 am ET
NewMarket Latin America with $30 Million in Projected 2007 Revenue is a Subsidiary of NewMarket Technology, Inc. with $100 Million in Projected Revenue Worldwide
DALLAS--(BUSINESS WIRE)--NewMarket Latin America, Inc. (OTC: NLAI - News) today announced that the company's recently completed Oracle (NASDAQ: ORCL - News) implementation for Melitta in Brazil has been highlighted by Oracle as a partner success story.
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Melitta Coffee Products From Germany
Melitta is a German consumer products company founded in 1908 that has three plants and eight distribution centers in Brazil, which serve more than 15,000 customers. Melitta manufactures a wide variety of consumer products to include air cleaners, humidifiers, vacuum bags and other cleaning products, and is best known for their full range of coffee products manufactured under the Melitta brand name.
UniOne - NewMarket Latin America's Operation in Brazil
The Oracle project for Melitta was completed by NewMarket Latin America's operation in Brazil, UniOne (www.unione.com.br). UniOne implemented Oracle's solution for Melitta to enhance and streamline distribution, improve communication between plants and reduce IT management costs by 60%. UniOne is an Oracle partner in Brazil and the project has been highlighted by Oracle at http://www.oracle.com/customers/snapshots/melitta-brazil-snapshot.pdf.
NewMarket Technology, Inc. - Building Regional High Tech Operations Worldwide
NewMarket Latin America, Inc. is the regional, independently listed subsidiary of NewMarket Technology, Inc. (OTCBB: NMKT - News) based in Dallas, Texas. NewMarket Latin America's Brazilian operation, UniOne, is a premier business intelligence and systems integration firm in Latin America representing technologies from leaders such as Microsoft (NASDAQ: MSFT - News) and SSA Global, in addition to Oracle (NASDAQ: ORCL - News) and its recently acquired Hyperion. UniOne has major customers, both U.S.-based and regionally based, in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries. Customers also include Apple, Avon (NYSE: AVP - News), TAM (NYSE: TAM - News) and others. A more extensive list of clients can be found at http://www.unione.com.br/clientes.htm.
$30 Million in Projected Revenue from Latin America; $100 Million Worldwide
NewMarket Technology anticipates realizing $30 million in annual sales from its Latin America operations this year. Of the $40 million in NewMarket Technology's revenue through June 30, 2007, over $13 million came from Latin America operations. NewMarket Technology, Inc. anticipates realizing over $100 million in profitable revenue from its worldwide operations.
To be added to NewMarket Latin America's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America is a consolidated subsidiary of NewMarket Technology providing world class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Latin America delivers solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.
NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
Contact:
NewMarket Latin America, Inc.
Investor Relations, 214-722-3065
ir@newmarketlatinamerica.com
www.newmarketlatinamerica.com
Press Release Source: NewMarket Latin America, Inc.
NewMarket Latin America, Inc. Implements Oracle's Hyperion Solution for Avon in Brazil and Chile
Thursday September 27, 8:42 am ET
NewMarket Latin America, Inc. is an Independently Listed Subsidiary of NewMarket Technology, Inc. with Projected $30 Million in Consolidated Revenue for 2007
DALLAS--(BUSINESS WIRE)--NewMarket Latin America, Inc. (OTC: NLAI - News) today announced that the company recently completed Hyperion implementations for AVON (NYSE:AVP - News) in Brazil, and based on that project's success, also in Chile. NewMarket Latin America, Inc. is the regional, independently listed subsidiary of NewMarket Technology, Inc. (OTCBB: NMKT - News) based in Dallas, Texas.
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The project for Avon was completed by NewMarket Latin America's operation, UniOne (www.unione.com.br). UniOne is the largest Hyperion partner in Latin America and was chosen to implement Hyperion's Planning solution, which streamlines the financial and operational planning process, for Avon's operations in Brazil and Chile. An article highlighting the Avon project can be found at http://www.itweb.com.br/noticias/index.asp?cod=21396. To view this article in English, readers may use one of many online translation tools, such as Alta Vista Babelfish at http://babelfish.altavista.com/, where the web link can be input under the "Translate a Web page" section and then translated from Portuguese to English.
UniOne is a premier business intelligence and systems integration firm in Latin America representing technologies from leaders such as Microsoft (NASDAQ: MSFT - News) and SSA Global, in addition to Oracle (NASDAQ: ORCL - News) and Hyperion. UniOne has major customers, both U.S.-based and regionally-based, in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries. Customers also include Apple, Melitta, TAM (NYSE: TAM - News) and others. A more extensive list of clients can be found at http://www.unione.com.br/clientes.htm.
Projected $30 Million in 2007 Consolidate Revenue from Latin America
NewMarket Technology's Latin American operations in Brazil and Chile were consolidated into a non-operating shell previously named Paragon Financial (PGNF) and subsequently renamed NewMarket Latin America with the new ticker symbol NLAI. This reverse merger was part of NewMarket Technology's strategy to create independent regional subsidiaries to leverage the rapid economic growth in select global emerging economies. NewMarket Technology anticipates realizing $30 million in annual sales from its Latin America operations this year. Of the $40 million in NewMarket Technology's revenue through June 30, 2007, over $13 million came from Latin America operations. Business intelligence and systems integrations operations operating as UniOne have been rolled into NewMarket Latin America and accounted for $8.7 million in revenue of the $13 million in revenue through June 30, 2007. The additional Latin American operations accounting for the balance of the $13 million in revenue are in the process of being consolidated into NewMarket Latin America.
NewMarket Latin America to Upgrade Listing to OTCBB
Prior to the transaction with NewMarket, PGNF fell behind in required financial reporting. NewMarket Latin America is now completing financial reports from the past few quarters and will be filing the required reports necessary to apply to the OTCBB exchange.
To be added to NewMarket Latin America's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America is a consolidated subsidiary of NewMarket Technology providing world class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.
NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
Contact:
NewMarket Latin America, Inc.
Investor Relations, 214-722-3065
ir@newmarketlatinamerica.com
www.newmarketlatinamerica.com
--------------------------------------------------------------------------------
Source: NewMarket Latin America, Inc.
NewMarket Latin America, Inc. Plans Expansion into Peru with Premier Oracle Integrator UniOne and Municipal Broadband Wi-Fi
Tuesday September 25, 10:55 am ET
UniOne is a Subsidiary of NewMarket Latin America with Operations in Brazil and Chile
DALLAS--(BUSINESS WIRE)--NewMarket Latin America, Inc. (OTC: NLAI - News) plans expansion into the Peruvian market, leading with services from the company's subsidiary UniOne and with municipal broadband Wi-Fi services from the company's parent, NewMarket Technology, Inc. (OTCBB: NMKT - News). UniOne (www.unione.com.br) is a premier systems integration firm in Latin America representing technologies from leaders such as Microsoft (NASDAQ: MSFT - News), SSA Global, Oracle (NASDAQ: ORCL - News) and Hyperion. Notably, UniOne is the biggest Hyperion partner in Latin America. Hyperion was recently acquired by Oracle.
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UniOne Plans Expansion into Peruvian Market
UniOne Chile's general manager Randy Vergara was recently interviewed by Business News America's on the company's plans to expand into Peru and told the news agency, "The subsidiary is already bidding for a contract with one company in Peru, and depending on the number of contracts signed and the period they cover, UniOne Chile might consider opening an office there." Vergara added, "Peru is also appealing as it has low penetration of Hyperion solutions, which are part of Oracle's portfolio and represent UniOne's largest business unit."
The article is available on the Business News Americas website at www.bnamericas.com. Readers may subscribe to Business News Americas or try a free trial to read the article, or find the article reprinted free of charge at http://www.tmcnet.com/usubmit/2007/07/30/2823506.htm.
NewMarket Explores Municipal Broadband Wireless in Peru
In addition to the company's subsidiary UniOne planning expansion into the Peruvian market, NewMarket Latin America will be traveling to Peru for meetings on municipal broadband wireless in the country November 12th-15th. The company is already actively pursuing municipal Wi-Fi projects in other regions of Latin America with their parent company's subsidiary, Texas-based RedMoon Broadband. Recently, RedMoon Broadband participated in a NewMarket Trade Mission to Brazil to identify municipal Wi-Fi opportunities in the country with national and local government officials in Sao Paulo, Curitiba and the capital, Brasilia. Brazil's telecom regulator, Anatel, recently approved regulations to permit 5,561 Brazilian municipalities to offer Wi-Fi Internet access. Additionally, NewMarket and RedMoon Broadband announced the signing of a non-binding letter of intent to form a partnership with Domos, Ltd. to initiate and develop wireless broadband in Mexico.
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 water meter reading and mobile broadband for municipalities, including Addison, Texas, home to major corporations such as Mary Kay, Pizza Hut and Palm Harbor Homes.
Additionally, RedMoon and Chevron Energy Solutions, a business unit of Chevron Corporation (NYSE:CVX - News), deliver service through the companies' SkyPilot mesh network to the 10-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 water conservation efforts and raise the level of customer service.
Alexandre Couto Appointed as President of UniOne
Separately, UniOne recently announced the appointment of the company's new president, Mr. Alexandre Couto. Mr. Couto is one of the founding members of UniOne and has been responsible for the company's strategic growth through operations in both Brazil and Chile. In his role as President, Mr. Couto will oversee UniOne's operations in Latin America to continue to grow the company through strengthening existing client relationships, expanding the company's product and service offerings and further diversifying the Company's customers which include Apple (NASDAQ: AAPL - News), TAM, Avon (NYSE: AVP - News) and others. A more extensive list of the company's clients can be found at http://www.unione.com.br/clientes.htm.
With more than 18 years experience in the technology industry, Mr. Couto's experience includes co-founding Improve Business Consulting, which merged into Mind Technology and is now known as UniOne. Mr. Couto completed his undergraduate studies at Faculdades Associadas de Sao Paulo where he received a Bachelors of Business Administration with a specialization in Systems Analysis and a Masters of Production Management from the prestigious Fundacao Getulio Vargas, a Brazilian think tank and one of the top universities in Latin America.
To be added to NewMarket Latin America's e-mail database for shareholders and interested investors, please send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com)
NewMarket Latin America is a consolidated subsidiary of NewMarket Technology providing world class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.
NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
About RedMoon Broadband (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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"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.
Contact:
NewMarket Latin America, Inc.
Investor Relations, 214-722-3065
ir@newmarketlatinamerica.com
www.newmarketlatinamerica.com
Thanks SBC and Clay. This stock is never going to move. How long have we been waiting for this to run. It was walking awhile back and now it is back to crawling. ACtually it just stopped and going backwards. I also saw the post from Telephonics. What an irony about Phil addressing about over communication. He should just keep quiet and should open his mouth when the deal is done, completely signed and not giving any forecast. He is just like the weatherman. Telling everyone it will be sunny and then the storm comes. Oh well, what else can we do but wait and more waiting.
Good luck to all !!!
Peace,
Augie
Hi Clay, I will not be able to make the conference call this afternoon. Would you mind posting whatever you gather from the call. I will be heading out of town. Thank you in advance. Please look at it at a neutral way. I know by reading your post lately that you are frustrated with the SP and trust me you are not alone on this. Anyway, you guys and gals have a safe Labor Day weekend. Good luck to all.
Peace,
Augie
NewMarket Technology, Inc. Webcast Reviews 30% Q2 2007 Revenue Growth and 26% Net Income Increase Over Q2 2006
Monday August 20, 9:51 am ET
Upcoming Webcast Scheduled for Thursday, August 30, 2007 at 4:30 PM EDT
DALLAS, TX--(MARKET WIRE)--Aug 20, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) conducted an after market Webcast Friday, August 17, to review second quarter performance. The Webcast, conducted by CEO Philip M. Verges and CFO Philip J. Rauch discussed NewMarket's revenue growth and the Company's aggressive milestone strategy for 2007. An archive of the Webcast is now available online.
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In the Webcast on Friday, NewMarket management discussed the Company's continued rapid growth with a 30% increase in revenue to $21.9 million for the second quarter of 2007, compared to the second quarter of 2006. Net income also increased 26% to $606k versus $482k for the same quarter in 2006. Management also addressed progress toward the Company's aggressive milestones for independent subsidiaries, dividends of subsidiaries to shareholders and the $120 million revenue goal for FY 2007.
Next Webcast Scheduled for Thursday, August 30, 2007 at 4:30 PM EDT
In a departure from previous Webcasts, the recent Webcast was targeted to current long term investors in NewMarket and did not focus on the company's overall business strategy. Therefore, the Company announced on the Webcast that management will conduct an additional Webcast scheduled for Thursday, August 30, 2007 at 4:30 PM EDT to discuss NewMarket's emerging technology strategy and financial performance details year to date.
Friday, August 17, 2007 Shareholder Webcast Archive Online
An archive of the Webcast is available in its entirety online and can be found at: http://www.investorcalendar.com/IC/ClientPage.asp?ID=116193&CID.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include, Latin America, China and Singapore.
NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005. In 2006, the company continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
Contact:
NewMarket Technology, Inc.
Rick Lutz
Investor Relations
404-261-1196
ir@newmarkettechnology.com
http://www.newmarkettechnology.com
Holy #$^^&%$$ What happened? We are down again with good quarter. Must be DILUTION again as usual. PHIL, better STOP diluting our (shareholders) shares. This is making me nervous. Maybe need to add some more but how low will it still go? Oh well, I am going to listen to what management has to say this afternoon. I hope the bleeding stops today and not continue till next week. Every stock that I owned are up today except this ONE!!!! Good luck to all.
Peace,
Augie
I hope not. I have a lot riding on this one already in the mid's .20 to high .20's. If it gets any lower than that I would start to get a headache, ulcer, etc... You guys don't want that to happen do you? Poor me!!! Good luck to all.
Peace,
Augie
digiMedical Solutions, Inc. CEO David Lee to Appear on MN1's "Coffey Grinds" at 9:30 CDT Friday 13, 2007
Thursday July 12, 10:12 am ET
Interview to Highlight Upcoming "Project LAC" Business Trade Mission to Latin America and Company's Proprietary Technologies
DALLAS, TX--(MARKET WIRE)--Jul 12, 2007 -- digiMedical Solutions, Inc. (Other OTC:DGMS.PK - News) today announced CEO David Lee will appear live in-studio with Andrew Coffey of "Coffey Grinds" on MN1.com (www.mn1.com) at 9:30 CDT this Friday.
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digiMedical currently owns and operates four pharmacies in South Florida under the name Harrington's Pharmacy and two pharmacies in Texas under the name The Apothecary Shop, with a network of over 35,000 patients. Additionally, the company is a Microsoft partner and has developed proprietary technologies and processes to digitally streamline the prescription handling process from physician to pharmacy, securely and quickly. digiMedical reported over $7.5 million in unaudited revenue for 2006, and has forecasted $14.5 million for 2007 revenue.
digiMedical Solutions, Inc. recently announced that they will be participating in the "Project LAC" Trade Mission to Latin America July 15-25. The purpose of "Project LAC" is to increase small U.S. technology company involvement in the Latin American and Caribbean (LAC) regions, and the project is funded by United States Agency for International Development (USAID), supported by the dot-ORG program and implemented by the Academy for Educational Development (AED) and NewMarket Technology (OTC BB:NMKT.OB - News). For further information on Project LAC, please visit the project website at www.projectLAC.com. The Project LAC website is also available in Spanish and Portuguese.
To be added to digiMedical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@digimedical.com.
About digiMedical Solutions, Inc.(TM) (www.digiMedical.com)
digiMedical Solutions, Inc.(TM) is a pharmacy and medical technology company focused on developing next generation, digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless based d-prescription technology to physicians, acquisition of independent pharmacy chains and the sale of select territories to "market partners" licensed to exploit the digiMedical Solutions(TM) model. digiMedical Solutions, Inc.(TM) currently owns and operates six pharmacies throughout Texas and Florida and is a Microsoft Independent Software Vendor (ISV). digiMedical Solutions'(TM) unique business model connects physicians, patients and pharmacies with next generation medical technologies.
About MN1.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
Forward-Looking Statement
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission.
Contact:
Contact:
digiMedical Solutions, Inc.
Investor Relations
Whitney Price
214-722-3029
ir@digimedical.com
http://www.digimedical.com
--------------------------------------------------------------------------------
Source: digiMedical Solutions, Inc.
Hello All,
Got back from Business/vacation. I cannot believe that my buy got filled It is good actually but I did not expect NMKT to go down that low... Well, good luck to all and hope we don't see that low again. Trading shares here we go.
Peace,
Augie
I have already set a buy at around .29 and .30. If those gets filled these will be the day trading shares. I will start playing everyone's game sell when it spikes up and buy when it goes down. Getting tired of sleeping (COMA) as Jen say it about this stock. My gut feeling this year told me to sell when it was in the mid .40's but I did not listen to myself. Oh well, live and learn. I believe the reason why the sell off is that people are tired of hearing PV listen to himself with all these promises that cannot be delivered on time. People are thinking now that he is an Arrogant SOB. Let see if he can deliver 120 mil in revenue with profits this year... That means 2nd thru 4th qtr should total 100 mil at least. Not to mention management being quiet with what happened to DMOI.
On the bright side... Thank goodness NMCH is on the rise. I have some stocks on that as well. Hope you guys have a great Summer and 4th of July. Going to FLorida the next 2 - 3 weeks... GOod luck to all.
Peace,
Augie
That is something that we all have to wait and see. I hope Phil has something good in the pipeline without diluting our shares. Good luck to all.
peace,
Augie
Scov, You are right! DFTS was suppose to be the first Divi that never took place. I am not sure what is Phil trying this time. I thought DMOI was going to be the supposed Divi this year until the contract fell through. I am not sure what to expect anymore. Phil keeps on saying a lot of Bullshit promises and it never gets fulfilled. If ever something good happens.. We get hammered by DILUTION. What else is there.... Getting tired of holding this stock, I have been holding this stock for almost 5 years. Don't want my money to be sleeping anymore.... It needs a jump start Phil stop with the BS PR's like Beacon. Who gives a rat's ass about it? I would be happy with half the prediction they are saying.... STOP Diluting our share and get with the program. GOod luck to all,
Peace,
Augie
I know what you mean. It is almost like the CEO. Exaggerations at its best... I would be very happy to see half the price but when.....
Good luck to all.
Peace,
Augie
I cannot believe Phil as a CEO could not anticipate the workload of a company that has increased its revenue from 1 million to 77 million. GIve me a break PHIL. Where did you come from? It is time for Phil to step down as a CEO and get someone else to replace him and he can just concentrate on getting new acquisitions and others. Definitely he cannot run the company with his limited experience. I am afraid that the shareprice may be going sideways for a while until they get their heads out of the sand and act like a big company.
GOod luck to all,
Peace,
Augie
Added more today. Hope our 1st QTR result is good.
Good luck to all.
Peace,
Augie
Well Guys and Gals,
We just have to wait for another 5 days for the result to come out. I hope Phil does not open his mouth about the earnings and profits. I would rather read it when it comes out rather than him spoiling the surprise. Whenever he opens his mouth the more I think he is full of it. Just shut up and let the numbers do the talking.
Just tired of the same thing over and over and over again. If I don't think his company is going to make it I would not invested in it. I know it will but Phil is spoiling it for everyone. Phil or Rick if you guys read this board PLEASE SHUT UP and STOP PROMISING THINGS THAT CANNOT BE DELIVERED ON TIME.
Good luck to all.
Peace,
Augie
NewMarket Technology, Inc. Releases Overview of Strategic Five-Year Plan for Continued Growth From $77 Million in Profitable Revenue to $500 Million in Highly Profitable Revenue
Wednesday May 16, 8:38 am ET
Company Discusses Strategic Five-Year Plan in Letter to Shareholders
DALLAS, TX--(MARKET WIRE)--May 16, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) CEO Philip Verges released a letter to shareholders today discussing an overview of the new five-year strategic plan. The letter is included in its entirety below.
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Dear Fellow Shareholders:
NewMarket is approaching its five year anniversary since reinventing itself as a technology incubator -- introducing new technologies to new markets. We have much to celebrate and at the same time, we have much to review and improve. Over the last five years, we have adapted and improvised upon the strategic plan constructed to launch the Company's reinvention as a technology incubator. It is time to renew the strategic five year plan. The purpose of this letter is to begin a narrative providing shareholders with insight into the Company's plans to sustain growth and improve shareholder return over the next five years.
The core aspect of NewMarket's incubator business model is a corporate structure strategy that organizes incubating technologies into individual subsidiary companies. The purpose of housing incubating technologies into individual subsidiaries is to facilitate a future public listing of the individual subsidiaries. The individual listings are intended to enable shareholders to directly benefit from NewMarket investments in each incubated technology. The plan is to distribute stock in the independently listed subsidiaries to NewMarket shareholders in dividend distributions.
NewMarket has enjoyed rapid revenue growth with respectable profit for five years since reinventing itself as a technology incubator. Growing from about $1 million in revenue, to $77 million in revenue, with over $4 million in net income is a milestone worth celebrating. On the other hand, NewMarket has yet to issue one of its highly touted dividend distributions. This delay is cause for review and improvement.
Review and Improvement of the Dividend Strategy
In order for a dividend distribution to occur, NewMarket must first independently list a subsidiary operation. We have executed agreements to independently list three subsidiary operations in the last six months. In all three we are in various stages of reorganization. We are changing corporate names and ticker symbols; adjusting fiscal reporting years; reorganizing operations from one subsidiary to another and executing upon a host of additional activities both anticipated and unanticipated.
In hindsight, we did a poor job of anticipating the workload these activities created. You might say we bit off more than we could chew. All three of our first publicly listed subsidiary initiatives are proceeding forward, just at a pace burdened by an unanticipated workload. However, there is no deviation from the plan to issue dividends. Dividend distributions remain central to NewMarket's technology incubation business model.
The recent delays in reporting annual financial results and the associated financial statement amendments are part of the overall unanticipated workload. While we are working to recover from the annual reporting delays, we are running up against the current reporting requirements. We have resolved the inadvertent reporting discrepancy in our first independently listed subsidiary. We amended a previous subsidiary financial statement to resolve the inadvertent reporting discrepancy and yesterday filed the subsidiary's 2006 annual report that had been delayed pending the discrepancy's resolution. The amended subsidiary's annual report impacts the NewMarket Technology's parent annual report. Accordingly, an amended annual report will be filed for NewMarket Technology, Inc.
The increased workload to resolve the previous reporting discrepancy has impacted our capacity to meet current reporting requirements for the first quarter of 2007. Today we will file quarterly reporting extensions for both NewMarket Technology, Inc. and NewMarket China, Inc. We will file the NewMarket Technology, Inc. amended annual report, the NewMarket Technology, Inc. quarterly report and the NewMarket China, Inc. quarterly report within the extension period.
The previous reporting discrepancy and the impact to current reporting has been our priority within the overall unanticipated workload. Nevertheless, the overall workload includes a list of tasks required to complete the renaming, reorganization and revised reporting of the two additional publicly listed subsidiaries that make up NewMarket's first three publicly listed initiatives.
In addition to the three initial publicly listed subsidiary initiatives, the public listing of NewMarket's Voice over Internet Protocol (VoIP) subsidiary, Xiptel, is also underway. So is the acquisition of a portfolio of early stage technology supporting NewMarket's planned launch of a publicly listed intellectual property development subsidiary.
The above mentioned projects to establish publicly listed NewMarket subsidiaries account for five planned dividend distributions. On the horizon is also the independent listing of NewMarket's South East Asia subsidiary making a total of six planned dividend distributions. We have not lost our resolve to independently list subsidiary operations. We still believe the independent listing of subsidiary operations is the key to a perpetual technology incubator. We remain enthusiastic about working diligently to achieve the first dividend distribution. We even remain optimistic about a relatively timely first dividend distribution. Through it all though, we have learned it is harder than it looks.
In our renewed five year strategic plan we have recognized the gravity of the workload requirement to execute upon our independent listing and dividend distribution strategy. In turn, shareholders will see an expansion of our organization to accommodate the realities of the required workload and an improved forecasting of the efforts required to list subsidiaries and issue subsidiary stock in dividend distributions.
$500 Million Revenue Planning Goal
Reviewing past performance in conjunction with previous goals is the beginning of a renewed planning process. Setting future goals comes next.
As we have stated before, NewMarket is aggressively pursuing a profitable revenue goal of $500 million in 2010. We believe the goal is achievable. Realizing about 600% growth in three years is admittedly a formidable task. Even in light of our recent experience in biting off more than we can chew, we still believe the $500 million revenue goal in 2010 is achievable. It will require both organic growth and expansion through acquisition. Where our acquisitions in the past have resulted in a substantial increase in the NewMarket issued and outstanding, our future acquisition plans include a strategy to avoid such increases.
The plan we are discussing in this letter is a strategic five year plan. We have advertised that the revenue goal of this five year plan is $500 million. Even $500 million in five years is an aggressive plan, but five years is also further away than the previously stated $500 million in revenue in 2010. While we are building a five year plan to achieve $500 million in profitable revenue, we are not backing away from our goal to achieve $500 million in profitable revenue earlier than five years.
Planning and forecasting growth is a difficult exercise. It is a particularly difficult exercise for a company with multiple product lines in multiple markets. Our approach has been to forecast a range of growth and correspondingly update our growth objectives within that range based on interim progress. Over the last two years we have frequently updated our annual forecast based on quarterly results. Our five year goal is to minimally grow to $500 million in revenue. We are shooting to realize $500 million in revenue in 2010, in which case we would revise our five year revenue goal upward.
IP Yet To Be Developed and Reaching Beyond Information Technology
The NewMarket Technology incubator business model was launched five years ago on a foundation of information technology consulting and systems integration operations. The operations acquired by NewMarket to initiate the incubator business model had experience on the software side of VoIP technologies and had development and maintenance experience with software solutions from Cisco, Microsoft and Sun Microsystems.
As NewMarket looked for early technology solutions to acquire and build into its incubator business model, the Company concentrated on opportunities that were compatible with the VoIP and name brand software experience. Given that NewMarket's early investment resources were very limited, the Company also concentrated on early technologies that were not that early. In other words, NewMarket looked for early technologies that qualified as an early technology, but were not so early that immediate sales of the early technology would be impossible.
Since NewMarket has concentrated on technology acquisitions with immediate sales opportunities, the initial acquired technology portfolio did not include first to market opportunities. We did not have the first VoIP solution nor were we the only provider of on-line healthcare claims processing. Accordingly, NewMarket did not have the opportunity to enjoy a first to market return on investment on any of its initial technology acquisitions.
NewMarket's primary opportunity to generate a return on investment to shareholders resides in optimizing the strategy to publicly list subsidiary operations and issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions. That return on investment opportunity can be optimized by improving the potential value of the emerging technologies that go into the subsidiary operations. The potential value of the emerging technologies can be improved by acquiring earlier stage technologies that can deliver first to market return on investment opportunities.
Going forward, NewMarket is working to initiate projects with earlier stage technologies to include intellectual property (IP) yet to be developed. NewMarket has announced an initiative, still in the planning stages, to launch a subsidiary operation concentrating on the acquisition and development of IP. Recently, I have joined the Board of Directors of Enable Intellectual Property Commercialization Corporation in conjunction with an additional initiative to access earlier stage technology investment opportunities for NewMarket.
In addition to working on earlier stage technologies, NewMarket is also exploring early stage technology opportunities outside of its traditional software centric experience. NewMarket's Chinese subsidiary has launched a product development and sourcing service to develop and manufacture innovative products for the Western market. We are engaged in early negotiations with a clean coal technology for deployment in China. We are also engaged in negotiations with a medical device company with existing sales in Europe and a pending FDA approval in the United States.
Over the next three weeks we will release additional information within a series of letters to shareholders that provides more detail on both the NewMarket expansion efforts outside of its traditional software centric focus and the initiatives to engage earlier stage technologies.
New Emerging Markets
The globalization of a free market economy is creating regional, high growth markets fueled by early stage companies that can realize rapid growth funded by modest investments. The majority of NewMarket's growth has come from emerging market acquisitions and investments. NewMarket is currently in China, South America and South East Asia.
NewMarket has enjoyed some market recognition for its success in launching emerging market operations and is likewise enjoying some unsolicited opportunity both within the emerging markets where we are currently operating as well as opportunities in additional emerging markets. For example, NewMarket is currently bidding on a project in Kazakhstan, and I recently had the opportunity to meet with the Finance Minister of Kenya and speak about NewMarket's technology incubation business model at a Kenyan Business Development Conference held in Washington D.C. Furthermore, NewMarket has long had its sites set on Eastern Europe and has managed a handful of projects to date in Eastern Europe.
Two of NewMarket's first three publicly listed initiatives are emerging market subsidiaries. The emerging market subsidiaries have grown faster than most of our emerging technology subsidiaries into operations that can produce earlier shareholder returns through dividend distributions. We anticipate that emerging technology investments in emerging markets will similarly produce emerging technology returns that, on average, exceed the United States emerging technology returns.
Again, over the next three weeks we will release additional information within a series of letters to shareholders that provides more detail on our various emerging market initiatives.
Micro Capital Market Foundation
The global market place is growing by leaps and bounds. The news media is rich with business stories from all over the world. More and more people in the United States are conversant in the names of foreign currencies and foreign stock exchanges. Ironically, as the various regional economies around the world evolve and merge into a larger overall global economy, the average size of the businesses that make up that global economy are getting smaller.
In the United States, about fifty percent of the GDP comes from small business as does about fifty percent of employment. An even greater percentage of new jobs every year comes from small business. Globally, most foreign GDP comes from small business. In China, the fastest growing notable economy in the world, the vast majority of businesses qualify as small business by United States Small Business Administration standards.
With all the small business growth in the global economy, an improved small business investment environment is likely to follow. The Over the Counter Bulletin Board (OTCBB), the premier exchange for small and early stage business in the United States, is a very young exchange. In April, it celebrated its tenth anniversary. The OTCBB was only approved for operation by the SEC in April of 1997. The New York Stock Exchange on the other hand is more than 200 years old. The micro capital market is in its infancy and NewMarket is one of the early adopters.
We have been very vocal regarding what we believe to be fundamentally different stock trading and valuation dynamics. In our discourse, we by no means excuse micro cap share price performance on the grounds of alleged stock manipulation. The micro cap public market is rich with allegations of stock abuses and corresponding finger pointing.
We are alternatively trying to share what we have learned in our five years of experience -- experience that stretches half the life of the OTCBB. We are trying to share our experience for the benefit of other small businesses, as well as for the benefit of small business investors. We believe a better small business investment environment is also better for NewMarket.
We will continue in our efforts to present and write about our experience in the micro cap markets. This will include not only our experience on the OTCBB, but what we learn as we begin to explore foreign micro cap listing opportunities. We plan to specifically improve NewMarket's overall capital structure by continuing to prepare and eventually move NewMarket, the parent company, to an upgraded exchange.
The series of shareholder letters over the next three weeks will include additional details regarding our ongoing experience on the OTCBB exchange and how it impacts our strategic five year plan.
The Coming Three Weeks and Follow Up Letters
I have written numerous shareholder letters over the last five years in an effort to bridge the communication gap between required filings and ordinary press releases. As a small company we don't have access to the communication resources of larger companies. Management is not getting interviewed on CNN. We don't have the budgets to attend nationally recognized conferences. We don't have the public relations department to win coverage in print. NewMarket's alternative has been the shareholder letter. I have given you good news and bad news in these letters. I try to start each letter I write to shareholders with the greeting "Fellow Shareholders." I do so to emphasize the opportunity we share. The good news I get to express in these letters is good news for me too. The bad news is bad news for me too.
This correspondence and the following correspondences are intended to communicate that we are learning and integrating what we learn. We are learning from our mistakes and our successes. The Company continues to improve and we look forward to even more dramatic growth over the next five years than what we have achieved in the first five.
Best Regards,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
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, Cisco Systems, SAP, Siebel and Sun Microsystems. 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. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
"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.
Contact:
Contact:
NewMarket Technology, Inc.
Rick Lutz
404-261-1196
Investor Relations
ir@newmarketlatinamerica.com
http://www.newmarketlatinamerica.com
--------------------------------------------------------------------------------
Source: NewMarket Technology, Inc.
NewMarket Latin America, Inc. Appoints Frank A. Romanoski to New Board of Directors
Thursday May 10, 9:38 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Latin America, Inc. (OTC:NLAI - News) announced today the appointment of Frank A. Romanoski to the company's new Board of Directors. NewMarket Latin America, a regional subsidiary of NewMarket Technology, Inc. (OTCBB:NMKT - News), recently announced a corporate name change from Paragon Financial Corporation and a corresponding ticker change to reflect the new direction of the company.
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Mr. Romanoski has also worked with a number of major financial institutions during his professional career, including Caixa Economica Federal, Lloyds Bank Plc and BankBoston and is currently a Director and Associate of Planner Investment Bank based in Sao Paulo, Brazil. Planner is involved in merger and acquisitions and initial public offerings in Brazil's capital markets. Mr. Romanoski was also responsible for opening the Planner's operations in Curitiba, Brazil and today Planner Corretora de Valores is the capital markets leader in the Parana state of Brazil.
Additionally, Mr. Romanoski represents Planner in Dallas, Texas, where he is responsible for international investments, primarily in the Ethanol, Energy (Hydroelectricity, Wind and other alternative sources), and the Environmental Sciences industries.
Mr. Romanoski is founder of CEFI, a Curitiba-based firm which provides specialized financial consulting services to a wide variety of Brazilian companies including Unimed, Brasil & Movimento, HSBC Brasil, Inepar, All America Logistica and Copel. Additionally, he is President and CEO of FR Consultants, a subsidiary of CEFI that is based in Dallas, Texas. FR Consultants has cemented a partnership between FC Dallas, a Major League Soccer franchise owned by the Hunt Sports Group, and Clube Atletico Parananese, recognized throughout Latin America as the best managed and most profitable soccer team in Brazil.
Mr. Romanoski holds a Bachelor's degree in Business Administration from Unicenp and a MBA in Finance from IBMEC, both located in Curitiba, Brazil.
In addition to appointing Mr. Romanoski to the Board of Directors, the company has appointed Philip M. Verges, CEO of NewMarket Technology, Inc., Philip J. Rauch, CFO of NewMarket Technology, Inc. and Bruce Noller, Board Member for NewMarket Technology, Inc., to the board. Profiles of these board members may be found on the NewMarket Technology website at http://www.newmarkettechnology.com/management.htm.
NewMarket Latin America, Inc.
NewMarket Latin America is a world class systems integration services company supporting client implementations of Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has operations across South America and major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Technology's Latin American operations have experienced rapid growth over the previous two years and are expected to continue with company projections of $30 million in profitable revenue from in 2007.
The company's rapid expansion and unique business model was recently feature in the Latin Business Chronicle (http://www.latinbusinesschronicle.com/app/article.aspx?id=1134).
Strategy to Independently List Subsidiaries and Issue Stock Dividends
The independent listing of NewMarket subsidiaries is an integral part of NewMarket Technology's overall growth strategy and central to NewMarket's plan to enhance shareholder value. NewMarket independently listed subsidiaries can utilize their own public stock to acquire and fund further emerging technology growth without relying on NewMarket stock for financing the growth. Concurrently, NewMarket's financial performance benefits from the rapid growth of consolidated self funding subsidiaries. NewMarket shareholders can directly monetize the investment that NewMarket has made in its subsidiaries' assets when NewMarket distributes stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions.
Independently Listed China, Latin America and Broadband Wireless Subsidiaries
NewMarket now has three independently listed subsidiaries; NewMarket Latin America, NewMarket China and NewMarket Broadband Wireless
NewMarket recently announced the completion of a transaction with Diamond I, Inc. (OTCBB:DMOI - News) to effectively list NewMarket's broadband wireless operations with a one year forecast of $10 million. The Diamond I corporate name and ticker symbol will be changed shortly to reflect the company's new direction as a NewMarket subsidiary.
In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China, Inc. (OTCBB:NMCHE - News). The operations consolidated into NewMarket China are anticipated to report 2006 revenue substantially exceeding $20 million with a 2007 forecast of $40 million in revenue.
NewMarket intends to issue stock in each of these three subsidiaries to NewMarket shareholders through dividend distributions over the next 12 to 18 months.
Rapid Revenue Growth Noted by Deloitte and Touche Award
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 and has forecasted $120 million in profitable revenue in 2007.
To be added to NewMarket Latin America's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarketlatinamerica.com.
About NewMarket Latin America, Inc. (www.newmarketlatinamerica.com - Formerly Paragon Financial Corporation)
NewMarket Latin America is a consolidated subsidiary of NewMarket Technology providing world class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries.
NewMarket Latin America delivers solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America.
NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
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, Cisco Systems, SAP, Siebel and Sun Microsystems. 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. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
"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.
Contact:
NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
Investor Relations
ir@newmarketlatinamerica.com
www.newmarketlatinamerica.com
--------------------------------------------------------------------------------
Source: NewMarket Latin America, Inc.
NewMarket Technology, Inc. Resolves Subsidiary Reporting Discrepancy and Issues Update on Pending 2006 Annual Report Amendment With Anticipated 10% Net Income Increase
Thursday May 3, 9:28 am ET
Subsidiary Issues Amended SEC Filing to Rectify Previous Asset Recognition Discrepancy
DALLAS, TX--(MARKET WIRE)--May 3, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced a resolution of the previously disclosed asset recognition discrepancy within its Chinese operating subsidiary. The Chinese operating subsidiary has filed an amendment to a previously filed financial statement that resolves the previous asset recognition discrepancy.
NewMarket China, Inc. (OTC BB:NMCHE.OB - News) is an independently listed subsidiary of NewMarket Technology, Inc. On April 20, 2007 NewMarket disclosed an asset recognition discrepancy within NewMarket China operations involving an amount less than $1 million. On April 23, 2007 the Company released an open letter to shareholders providing more detail on the asset discrepancy issue. On April 25, 2007, NewMarket CEO Philip Verges and CFO Philip Rauch reviewed the asset discrepancy in a Webcast conference call in addition to providing an update on the Company's progress to resolve the issue.
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NewMarket Technology CEO Philip Verges issued a follow-up letter to shareholders today to further explain the resolution of the asset recognition discrepancy and update shareholders on the related additional pending financial reports to be filed within the next few days. The letter to shareholders is contained in its entirety within this release.
Dear Fellow Shareholders -
Last week I asked for your patience while the Company resolved an asset recognition discrepancy we had discovered within our Chinese operating subsidiary. Today, I am pleased to report that the discrepancy has been resolved and disclosed in an amendment to the original SEC filing where the initial error occurred.
While the asset recognition discrepancy represented a value less than $1 million, I know this issue nevertheless tested shareholders confidence. Every day that went by further tested patience and confidence. As I stated in my letter last week, I recognize my responsibility for the reported discrepancy and sincerely express my regret for having tested shareholder patience and confidence. In spite of the long hours and dedicated efforts of a number NewMarket staff and key third party professionals, the resolution still required more time than we otherwise expected. I extend my thanks to all shareholders for their patience and continued patience.
The asset recognition discrepancy resulted in a delay of the Chinese subsidiary annual report. The filing of the annual report without the previous discrepancy resolved would have perpetuated the error. Now that the issue is resolved, we can proceed with filing the annual report for the Chinese subsidiary (NewMarket China, Inc.) on SEC Form 10Ksb. Shareholders can anticipate the NewMarket China annual report within days.
The resolution of the discrepancy has also made it necessary to review the previously filed NewMarket Technology, Inc. annual report filed on SEC Form 10K. The correction does impact the NewMarket Technology, Inc. financial report and an amendment to that report is pending. The amended annual report will include a small number of minor adjustments, however the pending amended annual report will include an anticipated 10% increase to previously reported net income. The NewMarket Technology amended annual report will be filed promptly after the NewMarket China annual report is filed.
Considering the unfortunate course of events surrounding the timely reporting of NewMarket's 2006 Annual Report, I imagine shareholders are concerned about the timely filing of the upcoming first quarter results. There is no current intention or need to extend the first quarter reporting period. NewMarket Technology, Inc. and NewMarket China, Inc. have every intention of filing the quarterly reports on time.
2006 was a solid performance year for NewMarket, however we are aware our reporting delay distracted market attention from that solid performance. We are pleased to report NewMarket's 2006 financial and operational performance has been recently reviewed by third party analysts and reports from these analysts are forthcoming. These research reports have been delayed due to the delay in NewMarket's overall annual report. We anticipate the analyst reports following the filing of all pending financial reports.
Sincerely,
Philip M. Verges
CEO & Chairman
NewMarket Technology, Inc.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
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, Cisco Systems, SAP, Siebel and Sun Microsystems. 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. NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
"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 China'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.
Contact:
Contact:
NewMarket Technology, Inc.
Rick Lutz
Investor Relations
404-261-1196
ir@newmarkettechnology.com
http://www.newmarkettechnology.com
.50 would be great.
Good luck to all.
Peace,
Augie
SBC and All, so are we going to see the .30's again? That sucks big time. I really hope they start looking at real accounting firm to do their accounts. Avoid all these late filings and all. Getting tired of it every single year. I really hope that they have some explanations before the bell rings on Monday. If not there will be a lot of sellers when the trading begins. That is crap. Oh well, Life goes on...
Good luck to all.
Peace,
Augie
What happened? The report looks good why are we down? I thought we would be flying... Someone had clipped NMKT wings. I hope tomorrow is a better day for my our sake.
Good luck to all.
Peace,
Augie
Hello All,
Is reporting suppose to be due out anytime now? Upto when can they file before they have an E at the end? Thanks in advance.
Good luck to all.
Peace,
Augie
Jen, I think he meant the time that we have been holding this puppy multiply it by two. So another 5 to 6 years or so . Anyway, it is good that it did not go to a dollar yet. The real estate in Vegas has come down and there are alot of people defaulting on their loans. I have a realtor friend over there and he mentioned that homes that use to be in the $500,000 range down to $400,000 and lower. I think it is good that it is coming down so when this puppy hits a dollar... I can get me one of those homes. If everything goes well with PV's plan we may see that dollar range this year or early next year? I hope sooner for our sakes.
Good luck to all.
Peace,
Augie
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Announces Landmark $1 Million Contract to Develop and Pilot New Technology
Wednesday April 11, 10:54 am ET
Contract Demonstrates Company's Success in Building R&D Alternative
DALLAS, TX--(MARKET WIRE)--Apr 11, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today the signing of a $1 Million consulting agreement to develop and pilot a proprietary technology that has already been designed. The proprietary technology is confidential pending patent protection. NewMarket launched a new business model five years ago to introduce a full-service research and development alternative including not only the engineering talent to develop proprietary technologies, but also the marketing and finance capabilities to bring new technologies to market. To date NewMarket has been its own best customer, identifying and acquiring emerging technology companies and in turn providing the necessary financing to introduce acquired emerging technologies to market. The contract today is a landmark event establishing the potential of NewMarket's alternative R&D business model to win broader market recognition.
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Company Pre-Announces Record Revenue and Net Income for 2006
The company has pre-announced that the 2006 annual revenue has exceeded $74 million, surpassing the company's forecast of $70 million, and that the company has achieved a record net income of more than $4 million in 2006. The company also filed SEC Form NT to extend the reporting deadline for the 2006 Annual Report. The delay in filing is due to increased legal and accounting activity in the first quarter of 2007, resulting from the transactions executed to independently list NewMarket's Latin American and Broadband Wireless subsidiaries. The company expects to report its final results for 2006 in the very near future.
Independently Listed China, Latin America and Broadband Wireless Subsidiaries and Eventual Stock Dividends
The independent listing of NewMarket subsidiaries is an integral part of the Company's overall growth strategy and central to NewMarket's plan to enhance shareholder value. NewMarket independently listed subsidiaries can utilize their own public stock to acquire and fund further emerging technology growth without relying on NewMarket stock for financing the growth. Concurrently, NewMarket's financial performance benefits from the rapid growth of consolidated self-funding subsidiaries. NewMarket shareholders can directly monetize the investment that NewMarket has made in its subsidiaries' assets when NewMarket distributes stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions. To date, NewMarket now has three independently listed subsidiaries. NewMarket recently announced the completion of a transaction with Diamond I, Inc. (OTC BB:DMOI.OB - News) to effectively list NewMarket's Broadband wireless operations with a 2007 forecast of $10 million. NewMarket also recently announced the completion of a transaction with Paragon Financial Corp. (Other OTC:PGNF.PK - News) to effectively list NewMarket's Latin America operations, which are expected to report over $20 million in 2006 profitable revenue. In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China, Inc. (OTC BB:NMCH.OB - News). The operations consolidated into NewMarket China are anticipated to report 2006 revenue substantially exceeding $20 million with a 2007 forecast of $40 million in revenue. The Diamond I and Paragon names will similarly be changed shortly to reflect each company's new direction within the NewMarket fold. NewMarket intends to issue stock in each of these three subsidiaries to NewMarket shareholders through dividend distributions over the next 12 to 18 months.
Rapid Revenue Growth Noted by Deloitte and Touche Award
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 $74 million in revenue in 2006 and $120 million forecasted in 2007.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
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, Cisco Systems, SAP, Siebel and Sun Microsystems. 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.
Contact:
Contact:
NewMarket Technology, Inc.
Rick Lutz
Investor Relations
404-261-1196
ir@newmarkettechnology.com
--------------------------------------------------------------------------------
Source: NewMarket Technology, Inc.
Hello All,
Does anyone know the new O/S and fully diluted share count? Appreciate any info on this. Good luck to all and Happy Easter.
Augie
From: LC Group [mailto:LCGroup@mindspring.com]
Sent: Tuesday, April 03, 2007 7:32 AM
To: LCGroup
Subject: NMKT: Pre-Announces Revenue Exceeds $74M; Forecast $120M In Revenue for 2007-- Knobias.com
NMKT: Pre-Announces Revenue Exceeds $74M; Forecast $120M In Revenue for 2007
Monday , April 02, 2007 16:38 ET
By Brian Edwards, bedwards@knobias.com
NewMarket Technology, Inc. (NMKT) announced Friday the filing of SEC Form NT to extend the reporting deadline for the 2006 Annual Report. In conjunction with the extension, NewMarket further pre-announced that the 2006 annual revenue has exceeded $74 million in revenue, surpassing the company's forecast of $70 million, and that the company has achieved a record net income of more than $4 million in 2006.
In the Release, NMKT Chairman and CEO, Philip Verges stated, "NewMarket is transitioning from a small sized business with a global reach into a medium sized business with a global reach. In the first quarter of 2007, we have completed the listing of two of our subsidiary operations. This transition and initiation of our strategy to independently list subsidiary operations has substantially increased our legal and accounting activity. Our auditor has completed his field studies of our global operations and our management team is confident that the final results of operations in 2006 will show a record income quarter and fiscal year. Nevertheless, we believe it is prudent, in the face of all the increased legal and accounting activity, to take advantage of the regulatory accommodation to extend the filing period to ensure an annual report publication of the best possible quality. We do not want shareholders to speculate that unexpectedly poor financial performance might be the cause of delayed reporting. To alleviate unnecessary speculation of a negative financial report, we are pre-announcing that the 2006 revenue has exceeded the previously announced forecast and that net income reflects record fourth quarter and annual results. We look forward to releasing the definitive results of operations and plan to further detail the results in an open web conference call to be announced when the annual report is released."
In a conversation with Knobias, a Company Representative confirmed the delay in filing is due to increased legal and accounting activity resulting from independently listing NewMarket's Latin American and Broadband Wireless subsidiaries.
On Jan 18, in a letter to shareholders NewMarket CEO Philip Verges stated, "The Company has forecasted $120 million in 2007 revenue through an organic increase in sales alone. Management may increase the 2007 revenue forecast given any acquisitions closed during the year. NewMarket's high growth plans are long-term, with an announced corporate goal of reaching $500 million in revenue by 2010."
NewMarket now has three independently listed subsidiaries. NewMarket recently announced the completion of a transaction with Diamond I, Inc. (OTCBB: DMOI) to effectively list NewMarket's Broadband wireless operations with a 2007 forecast of $10 million. NewMarket also recently announced the completion of a transaction with Paragon Financial Corp. (OTC: PGNF) to effectively list NewMarket's Latin America operations, which are expected to report over $20 million in 2006 profitable revenue. In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China, Inc. (OTCBB: NMCH). The operations consolidated into NewMarket China are anticipated to report 2006 revenue substantially exceeding $20 million with a 2007 forecast of $40 million in revenue. Because NewMarket Technology retains a majority interest in each of the subsidiaries, the company can recognize 100% of the subsidiaries' revenue.
According to the Company Representative, "NewMarket anticipates announcing dividend ratio and dividend distribution dates for Newmarket China, NewMarket Latin America and Broadband Wireless Technology subsidiary Diamond I, Incorporated in the next twelve to eighteen months."
Knobias, Inc. has received monetary compensation from the above company for services rendered as part of the Knobias Media Package. Please refer to the "Media Package Disclaimer."
I think it is a ritual. I have not seen NMKT file on time on their yearly stuff. Correct me if I am wrong. I have been holding this puppy since way back when... But the good thing about it is they post good yearly return and the 1st QTR 2007 report is going to be release soon as well. Looking forward for an UP week and the next few weeks. Good luck to all.
Peace,
Augie
Not true. If NMKT chose one of the Big 4 accounting firm like Deloitte since they have been advertising it so often on their PR releases, I believe it may even help the share price go upwards. A mom and pop accounting firm is scarier in my opinion. Next time when you meet PV ask him about going with Deloitte. I want to hear what he have to say. Anyway, hoping for an UP week next week and coming weeks. Good luck to all.
Peace,
Augie
NewMarket Technology, Inc. Grows to $70 Million in Profitable Revenue Ahead of Recent Growth Oriented Technology IPO Resurgence Featured in Wall Street Journal
Thursday March 22, 9:47 am ET
NewMarket CEO Presents Alternative Technology Investment Strategy That NewMarket Is Pursuing to Replace the High Tech IPO
DALLAS, TX--(MARKET WIRE)--Mar 22, 2007 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today released an update on the Company's progress toward establishing a recognized new approach for continuously developing and introducing new technologies to new markets. NewMarket has boldly set out to update the technology industry's approach to research and development. The NewMarket business model brings the development of next generation technology closer to the ongoing management of current technology solutions. NewMarket also systematically taps into the global garage and basement inventor market by integrating an investment function into the business model rather than outsourcing the investment process to Wall Street.
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In the letter to shareholders today, Philip Verges, CEO of NewMarket Technology, explains the key components of the Company's business model in light of an article published on the front page of the March 13, 2007 issue of The Wall Street Journal. The article "Tech Companies Bleeding Red Ink Pursue IPO Gold," highlights the recent increase of technology company IPOs. The article compares the current market's appetite for buying stock in unprofitable technology companies to the dotcom market that "helped fuel the NASDAQ stock-market meltdown in 2000." The CEO letter to shareholders is included in its entirety below.
Dear Fellow Shareholders and Interested Technology Investors:
I believe the best way to understand NewMarket, is to understand where NewMarket has come from. I believe NewMarket's history and evolution are more valuable than ever. Last week The Wall Street Journal featured a front page article highlighting a recent resurgence in unprofitable technology IPOs similar to the dotcom days (March 13, 2007 -- Tech Companies Bleeding Red Ink Pursue IPO Gold). While Wall Street is apparently courting a repeat of history, NewMarket is alternatively presenting an altogether new approach. NewMarket is a business that has resulted from the aftermath of the dotcom market demise to introduce a more robust, resilient and realistic approach to continuously introducing new technologies to market.
The History of NewMarket's Two Principle Business Strategy Components
In 1997, I joined a small group of partners to found a company to market and install what at the time appeared to be a virtual cornucopia of new technologies. At that time, the media was rich with stories of new technologies and Wall Street was turning out a seemingly never ending line of technology company IPOs. The niche we set out to fill in 1997 had two components: first, to consistently package the business value of any new technology in a concise proposition and second, to build a scaleable engineering organization equipped to handle the dynamics of installing and maintaining component new technology solutions that had to fit into an otherwise legacy technology environment.
1) Building a Value Proposition for any New Technology
Our approach to developing a value proposition for any new technology is relatively simple, though the development of the approach was time intensive and painstaking. We analyze any new technology on the basis of its ability to 1) enhance market differentiation in any applicable industry and 2) its ability to create new revenue streams complementary to existing revenue streams.
To illustrate our value proposition approach, here is a simplified example: How can this new Radio Frequency Identification (RFID) technology enhance our prospective shoe store client's ability to differentiate their shoe store from competing shoe stores? How might we help the shoe store establish new revenues selling different shoes, or products other than shoes, or by selling shoes outside its existing stores or altogether outside brick and mortar?
2) Scaleable Engineering to Install New Technologies
Building the scaleable engineering organization was the easier of the two. Among the 1997 founders were a number of graduates from the Electronic Data Systems Corp. Engineering Development Program. Our experience in the EDS development program provided us with the blue print for a scaleable engineering organization.
The Catalyst to Add a Third Business Strategy Component -- Financing
The company we founded in 1997 only marketed, installed and maintained new technology solutions. We did not own any technology intellectual property ourselves. We depended on the then dotcom market to continue producing new technologies in need of marketing and engineering assistance. The venture capital community in combination with Wall Street's appetite for technology IPOs provided, for a time, an adequate pipeline of new technologies for us to sell and install.
By 2001 we had no products to sell. All companies that made the products that we sold went out of business or stopped supporting the products. With the meltdown of the IPO market, financing for new technology products similarly dried up. With no new products to sell, our own business was on the verge of failure.
We stepped back and assessed our situation. We had been quite successful at introducing new technologies to new markets and we had been quite successful at managing a scaleable engineering solution to install and maintain new technologies. What we didn't have anymore were any new technologies.
Upon further analysis, we realized there was no shortage of technology innovation, only a shortage of financing to turn innovation into production ready solutions and in turn market those production ready solutions. Inventors are working around the world in garages and basements regardless of available financing. Invention is independent of market available financing. Producing and marketing innovation requires financing. We recognized we needed to include the ability to continuously provide production and marketing finance in our business strategy.
The Thinking Behind the Third Business Strategy Component -- Financing
Venture capitalists seek companies with initial public offering (IPO) potential. Venture capitalists cash out in the IPO. Without an IPO market, venture capital was not readily available to finance new technologies. Furthermore, the venture capital and IPO financing process relegated control of new technology financing to third parties and we wanted to integrate control into our business model.
Furthermore, the size of the IPO (the number of shares offered in exchange for a target number of dollars) ends up being driven by Wall Street rather than by a logical, phased business strategy to introduce a new technology. IPOs require investment banking underwriters that charge fees for their services -- the bigger the IPO, the bigger the fee.
Regardless of the size of an IPO, introducing anything new is inherently risky. The proposed customer base may or may not like the product. They may like it this way, but not that way. A pilot test enables a company to reduce investment risk by limiting the investment amount to only that required for a pilot. Subsequently, the pilot can be expanded into production in similar limited market expansion steps with correspondingly limited investments.
The challenge here is to either find an incentive for investment bankers to raise smaller amounts of money in stages consistent with a pilot and phased market rollout or to eliminate the investment banker from the fund raising process.
In summary, we needed continuous access to marketable financial securities to raise intermittent small amounts of money in a renewable process that motivated investment banker participation or eliminated it.
The Micro-Cap Market and the Third Business Strategy Component -- Financing
The micro-cap public market provided us with tools to build an ongoing and renewable financing strategy into our overall business model to continuously introduce new technologies to new markets. The micro-cap market in the United States today is mostly made up of those companies listed on the Over the Counter (OTC) exchange and the Over the Counter Bulletin Board (OTCBB) exchange. However, the NASDAQ Small-Cap market has many micro-cap listings itself, and Neil Wolcoff, the Chairman of the America Stock Exchange, has gone on record with his intentions to take business from the OTCBB. Several foreign exchanges are scrambling to participate in the growing micro-cap market as well.
NewMarket was essentially launched in 2002 when our 1997 founding partners decided to move into the micro-cap markets through a reverse merger strategy. In June of 2002, we sold the assets of our company to a company then named IPVoice Communications, Inc. We subsequently changed the name to NewMarket Technology, Inc. We continued to market, install and support new technologies and then began to acquire and finance technology innovation.
Building and Financing a Technology Portfolio
Since 2002, NewMarket has been constantly on the lookout to acquire innovative new technologies. Where the 1997 founders used to market new technologies owned by other technology companies, NewMarket now continuously expands its own portfolio of innovative technologies through acquisition.
Through 2006, NewMarket has concentrated on the acquisition of production ready technologies. We did not want to overextend our new financing strategy with both funding the production of new technology as well as the marketing of new technology. We have even mitigated the expense of marketing production ready new technology by concentrating on new technologies that are complimentary to existing brand name technologies such as Microsoft, Cisco Systems and Sun Microsystems. We maintain reseller relationships with brand name technology companies to optimize the marketing benefit of selling new technologies that compliment brand name technologies. We have recently initiated efforts to expand our new technology acquisition strategy to include pre-production innovations.
NewMarket has issued stock in conjunction with raising money and acquiring new technologies. The issue of stock to raise money and acquire new technologies is essentially a collective investment made by all NewMarket shareholders. As shareholders we are opening our collective billfold and together making an investment in the Company's future.
A collective return on investment can be realized through enhanced fundamental financial performance. For instance, improved earnings per share or increased shareholder equity. A collective return on investment is most readily recognized through an increased share price. NewMarket is delivering fundamental financial performance enhancements. While micro-cap stock prices are notoriously volatile, NewMarket is making progress toward reducing that volatility and optimizing the opportunity for shareholders to realize an increased share price. Specifically, NewMarket is moving away from any further issue of NewMarket stock. In other words, NewMarket is moving away from opening the shareholders collective billfold to make any further investment and otherwise concentrating on collecting on returns from previous investments through share price appreciation.
Subsidiary Listings, Equity Income and Shareholder Dividends
When NewMarket acquires a new technology company we maintain the integrity of that company as a subsidiary. NewMarket makes cash and in-kind investments into the subsidiary company. When the subsidiary achieves set milestones, it is NewMarket's intention to publicly list the subsidiary while still maintaining a majority interest in the independently listed subsidiary.
As an independently listed subsidiary, the subsidiary has a currency (its own public stock) it can use to repay NewMarket's investment. NewMarket can sell public stock in a subsidiary company (equity income) to repatriate previous cash investment and realize a return on that investment. The cash can be used to buy back NewMarket stock previously used to access cash to make the original subsidiary investment. Alternatively, the repatriated cash can be used to invest in another NewMarket subsidiary.
The public listing of subsidiaries and the enabled ability to repatriate previous investment and realize a return on investment creates a renewable investment cycle managed by the company. The parent company uses its stock to access capital to invest in a subsidiary company. The subsidiary company grows and achieves and independent listing. The stock of the subsidiary company is used to repay the investment of the parent company. The parent company can go on to make investments in new subsidiary companies.
NewMarket's intention is to enhance the collective return on investment benefits that can be realized through the independent listing of subsidiaries by further creating a return on investment opportunity direct to each individual shareholder. In addition to NewMarket receiving stock collectively on behalf of all shareholders, NewMarket intends to distribute subsidiary stock to NewMarket shareholders in recurring shareholder dividend issues.
Independently Listed China, Latin America and Broad Band Wireless Subsidiaries
NewMarket now has three independently listed subsidiaries. NewMarket recently announced the completion of a transaction with Diamond I, Inc. to effectively list NewMarket's Broadband wireless operations with a 2007 forecast of $10 million. NewMarket also recently announced the completion of a transaction with Paragon Financial Corp. to effectively list NewMarket's Latin America operations, which are expected to report over $20 million in 2006 profitable revenue. In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China, Inc. (OTC BB:NMCH.OB - News). The operations consolidated into NewMarket China are anticipated to report 2006 revenue substantially exceeding $20 million with a 2007 forecast of $40 million in revenue. The Diamond I and Paragon names will similarly be changed shortly to reflect each company's new direction within the NewMarket fold.
NewMarket intends to issue stock in each of these three subsidiaries to NewMarket shareholders through dividend distributions over the next 12 to 18 months. Each newly listed independent subsidiary is currently undergoing additional restructuring following the initial transaction that achieved the independent public listing. Following the conclusion of the various restructuring initiatives, dividend distributions will be promptly executed.
Three Additional Independent Listings in the Works
NewMarket is currently working on several additional public listings of subsidiary operations. Efforts are underway to promptly list the Company's regional operations in Southeast Asia in addition to listing NewMarket's VoIP subsidiary. After nearly five years of successful growth, NewMarket is also extending its investment focus from production ready new technologies to include pre-production new technologies. NewMarket has recently announced two letter of intent agreements to purchase multiple patent and patent-pending technologies yet to be produced. NewMarket plans to consolidate acquired pre-production technology intellectual properties into a single subsidiary which will also be independently listed.
NewMarket shareholders can similarly anticipate dividend distributions to follow the finalization of these three additional independent listings of NewMarket subsidiaries.
Shareholder Equity and Balance Sheet Liquidity
Since 2002, NewMarket shareholder equity has grown form virtually zero to over $40 million. The majority of the shareholder equity increase has resulted from the booking of acquisitions. Accordingly, a good deal of the shareholder equity falls into the category of goodwill. Investors frequently discount the value of goodwill, largely due to the difficulty anticipated in the event the company ever wanted to access the actual liquid or cash value of the booked goodwill. Investors anticipate that to access cash from goodwill would require the sale of a subsidiary and that the sale price would be at a discount to the booked goodwill value.
Goodwill is not the only category of balance sheet assets that might be discounted in the event assets were to be converted into cash. For instance, a company that carries expensive equipment on its balance sheet might also have to sell that equipment at a discount in the event the company decided to access cash from the value of the equipment.
As NewMarket publicly lists its subsidiaries, the company's balance sheet liquidity will improve. NewMarket's ability to access cash from the value of its balance sheet assets will improve. Independently listed subsidiaries will have a public market where the stock of the subsidiary can be bought and sold. That public market will ultimately determine a market value for NewMarket's subsidiaries based on what price investors are willing to buy and sell stock in the NewMarket subsidiaries on the public market. The market value may be consistent with what NewMarket has previously booked on its balance sheet or it may be greater than what NewMarket has booked on its balance sheet. It could also be less than what NewMarket has previously booked on its balance sheet. Management anticipates that the public listing of NewMarket subsidiaries will both improve balance sheet liquidity and enhance shareholder equity.
Wall Street Revisits Dotcom Market at Risk of Repeating History
Investment is an essential component of the overall ongoing technology lifecycle. The life of any technology is relatively short and getting shorter. Constant investment must at all times be going into future functions and features. Investment can come from the corporate profits achieved from selling current technologies to be invested back into the development of future technologies through corporate research and development. Technology investment may come from various third party investment sources such as the venture capital community. Both corporate profits and third party investment sources have been lean over the last several years since the collapse of the dotcom market.
Last week however, The Wall Street Journal reported 27 technology company IPOs occurred in 2006 with three so far in 2007 and 26 more in the pipeline for 2007. The alarming aspect of The Wall Street Journal report was that ten of the 27 companies that conducted IPOs in 2006 were unprofitable and all three IPOs this year are unprofitable thus far. Furthermore, 62% of the 26 pending IPOs are also unprofitable.
The good news is that investment is interested in coming back into the technology market after a five year hiatus. The concerning news is that the investment model that failed in the dotcom market seems to be the same model being executed now.
The IPOs create an exit for the pre-IPO venture capital investment. The IPO also generates a fee for the underwriter. The retail investors and institutional investors buying IPO stock are at risk. I do not anticipate the results of this recent resurgence in Technology IPOs will be any different than the late '90s dot com market run. I do not think post-IPO share price increases will be as extreme. I do not think as many companies will be listed annually through IPOs. I do not think the market will permit the IPO listing of unprofitable companies to go on for as long.
I otherwise believe NewMarket's renewable investment model will continue to grow and gain market attention. A handful of other companies have already followed NewMarket's lead by compartmentalizing business operations into separate subsidiaries and listing those subsidiaries. I am encouraged by the technology investment interest reflected in the recent resurgence of technology company IPOs. I am confident with further NewMarket success that the technology IPO investment interest will discover the value of NewMarket's renewable investment model.
Press and the Micro-Cap Market
NewMarket releases what might be considered an extraordinary amount of press for a small company. I do receive a number of shareholder communications inquiring as to the logic behind our frequent releases. Traditional advice to corporate management has been to concentrate on building a business and let the market follow the success of the business. Such advice for instance can be found in "The Intelligent Investor," a book often considered a handbook for public investing. The book has a forward from Warren Buffet and was originally written in 1949. The OTCBB did not exist until the mid 1990s and I would be surprised to find that Warren Buffet invests in any OTCBB listed companies. My point is that the dynamics of the OTCBB market and micro-cap stocks in general vary greatly from the markets around which most time tested market expertise has been derived.
Micro-cap stocks have notoriously volatile share prices which frequently have little correlation to the fundamental financial performance of the company. Most micro-cap companies are small, high growth companies and inherently high-risk investments. Very few institutional investors make investments in micro-cap companies, particularly OTCBB listed companies. Given the statistical likelihood that most small, high growth companies fail, the micro-cap markets are rich with short sale profiteers, anticipating, if not cheering for failure. Retail investors are the heart and soul of the micro-cap market. They are optimistic against the statistical odds of small high growth companies and have little access to institutional analyst coverage since institutions do very little investing in micro-cap stocks. Retail investors compete against professional short sale profiteers and have to sort through what are genuine business concerns and otherwise illegitimate get rich quick pump and dump scams.
NewMarket's approach to the dynamics of the micro-cap market is to ere on the side of over communication. We recognize the risk of being categorized as one of many pump and dump scams, which are frequently earmarked by over communication. We count on our consistent fundamental financial performance to differentiate the nature of our extensive communications from that of a pump and dump. We recognize that a largely retail investment community does not always have the stock market knowledge of the institutional investment community. Our extensive communications are intended to bridge that gaps through frequent communications that might sometimes include content considered tutorial. We know some sophisticated investors are offended by our tutorial content and we know some of our less sophisticated investors are appreciative. We do not intend for every communication we publish to be for the same target audience. NewMarket's audience is diverse. While one investor may appreciate a particular piece of information, another investor may send an email to ask me why I published that information. NewMarket's approach regarding the dynamics of the micro-cap market is to ere on the side of over communication.
This will be an exciting year for NewMarket. The public listing of subsidiaries and the subsequent issue of dividends is core to our differentiated business plan for continuously introducing new technologies to new markets. After five years, we have just listed our first subsidiaries with our first dividends in the works. 2007 will be the year NewMarket begins to demonstrate the value of its renewable investment strategy to continuously introduce new technologies to new markets.
Thank you,
Philip Verges
CEO & Chairman
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket assists 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, Cisco Systems, SAP, Siebel, Oracle and Sun Microsystems. 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.
Contact:
Contact:
NewMarket Technology, Inc.
Rick Lutz
Investor Relations
404-261-1196
ir@newmarkettechnology.com
http://www.newmarkettechnology.com
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Source: NewMarket Technology Inc
Press Release Source: NewMarket China, Inc.
NewMarket China, Inc. to Introduce and Demonstrate MoViii IPTV Service at NAB2007 in Las Vegas April 16-19
Thursday March 22, 8:52 am ET
Shanghai Movie Group of China With Over 600 Classic Chinese Movies and 6000 TV Series Episodes Delivered Over the Internet Through Proprietary Set-Top Box
DALLAS, TX--(MARKET WIRE)--Mar 22, 2007 -- NewMarket China, Inc. (OTC BB:NMCH.OB - News), the China regional subsidiary of NewMarket Technology, Inc. (OTC BB:NMKT.OB - News), will introduce and demonstrate its MoViii IPTV Service April 16-19 at the National Association of Broadcasters conference in Las Vegas (NAB2007). NewMarket China has been selected as the exclusive distributor for the MoViii IPTV Service in the United States. NewMarket China has recently established a beta test of the MoViii Service and the MV3 set-top box in their Dallas data center to support the market launch.
Through a relationship with the Shanghai Movie Group, the MoViii IPTV Service has secured the rights to over 600 classic Chinese movies, 6000 television series episodes, 4500 music videos, and 300 cartoons. The Shanghai Movie Group is one of only three Movie Groups in China with ownership of original Chinese media. The remaining two are in Beijing and Guangzhou.
The MoViii IPTV Service is currently designed to provide services to overseas Chinese speaking communities throughout the world (www.mv3.cn). Recent counts place as many as 62 million Chinese living in over 150 countries around the world. MoViii's Chinese content is delivered over the internet and provides DVD quality programming to their proprietary MV3 set-top box. The MV3 set-top box is designed to plug into nearly any television in existence, potentially supporting any overseas Chinese community in the world. The population of Chinese language speakers in the United States is approximately 3 million people with an additional 1.3 million in Canada.
Over time, NewMarket China plans to develop additional content partnerships to extend the existing Chinese content and potentially utilize the technology to provide programming beyond the initial Chinese content launch.
The United States MoViii IPTV launch is the second market opened by NewMarket. A Southeast Asia market launch was initiated in June of 2006. A pilot MoViii IPTV Service was set up and is currently delivering Chinese language content throughout Southeast Asia from NewMarket's Singapore data center.
Anyone interested in viewing a demonstration at the NAB or in the Dallas data center, please contact Whitney Marks at wmarks@newmarketchina.com or 214-722-3052.
To be included on the corporate e-mail list for NewMarket China for company updates and press releases, please e-mail IR@newmarketchina.com.
About NewMarket China, Inc. (www.newmarketchina.com)
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NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket assists 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, Cisco Systems, SAP, Siebel, Oracle and Sun Microsystems. 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.
Contact:
Contact:
NewMarket China, Inc.
404 261 1196
ir@newmarketchina.com
http://www.newmarketchina.com
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Source: NewMarket China, Inc.
NewMarket Technology, Inc. Acquires Diamond I, Inc. in Strategy to Build Publicly Listed Wi-Fi Subsidiary with $10 Million 2007 Revenue Forecast
Friday March 9, 9:42 am ET
Acquisition is NewMarket's Third Independently Listed Subsidiary, Supporting Plan to Issue Subsidiary Stock to NewMarket Shareholders
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today executing a stock purchase agreement to acquire majority interest in Diamond I, Inc. (OTCBB:DMOI - News). No NewMarket Technology, Inc. stock was committed in consideration of this transaction. NewMarket will consolidate its own Wi-Fi assets into Diamond to build a comprehensive wireless broadband offering with applications in multiple market segments. Initially, the municipal government and casino/gaming sectors will be targeted. The 2007 revenue forecast with the combined Wi-Fi assets of Diamond and NewMarket is approximately $10 million. The Diamond I name will be changed to NewMarket Broadband, Inc. and the ticker symbol will change accordingly.
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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 report was issued during the fourth quarter of 2006 and did not take into consideration the recent independent listing of consolidated subsidiaries. The research report is available at www.beaconequityresearch.com.
Strategy to Independently List Subsidiaries and Issue Stock Dividends
The independent listing of NewMarket subsidiaries is an integral part of the Company's overall growth strategy and central to NewMarket's plan to enhance shareholder value. NewMarket independently listed subsidiaries can utilize their own public stock to acquire and fund further emerging technology growth without relying on NewMarket stock for financing the growth. Concurrently, NewMarket's financial performance benefits from the rapid growth of consolidated self funding subsidiaries. NewMarket shareholders can directly monetize the investment that NewMarket has made in its subsidiaries' assets when NewMarket distributes stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions.
NewMarket China and NewMarket Latin America
NewMarket recently announced the completion of a transaction with Paragon Financial Corp. (OTC:PGNF - News) to effectively list NewMarket's Latin America operation which is expected to report over $20 million in 2006 profitable revenue.
In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China (OTCBB:NMCH - News). The operations consolidated into NewMarket China are anticipated to report 2006 revenue exceeding $20 million with a 2007 forecast of $40 million in revenue.
Diamond and NewMarket Stock Acquisition Terms
NewMarket's Wi-Fi subsidiary acquires a sixty percent interest in exchange for a $1,750,000 note. Additionally, NewMarket is providing $250,000 to DMOI to support immediate operating requirements. The terms include the development of two initial operating subsidiaries; including a commitment to provide $1 million in financing to each operating subsidiary. One subsidiary will concentrate on developing the Wi-Fi gaming market, while the second subsidiary will focus on developing the city municipal government Wi-Fi market.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About Diamond I, Inc. (www.wificasino.net)
"Voice-Print" and "Finger-Print" Technologies. Diamond I, Inc. owns the rights to patent-pending voice-recognition and fingerprint biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz.
With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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.
Contact:
NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
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Very Interesting READ about NMKT.
http://www.breakawayinvestor.com/img/assets/3684/BAI0307.pdf?o=279059&u=62289294&l=5336
Good luck to all.
Peace,
Augie
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc., a Microsoft Solution Provider and High-Tech Incubator, to Present 2007 $120 Million Profitable Revenue Forecast at London Global Equities Conference
Wednesday February 28, 9:19 am ET
Presentation to Feature Strategy to Independently List Subsidiaries and Issue Stock Dividends Highlighting Recent Listing of NewMarket China and NewMarket Latin America
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) CEO, Philip Verges, will present the company's 2007 business plan to continue revenue and income momentum at the Friedland Capital Global Equities Conferences in London, England on March 7th. Mr. Verges will be joined by Dr. James Jiang, President of the Chinese Operations headquartered in Shanghai, China. Dr. Jiang has successfully lead NewMarket in building the company's Chinese operations revenue to approximately $20 million in 2006 from domestic sales in China with a forecast representing 100% growth to $40 million in 2007 revenue. Across all operations, NewMarket Technology expects to report over $70 million in 2006 revenue and forecasts $120 million in 2007 revenue.
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Undiscovered High-Tech Innovations Packaged with Industry Standards Such As Microsoft
NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). NewMarket also constantly 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 prevailing and emerging products and services through a global network of solution and systems integration subsidiaries in North America, Latin America, China and Singapore.
NewMarket Award-Winning Strategy to Develop Emerging Technology
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 Recommendation of $0.78 PPS vs. Current $0.36 PPS Average
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.
Strategy to Independently List Subsidiaries and Issue Stock Dividends
The independent listing of NewMarket subsidiaries is core to the Company's overall growth strategy and central to NewMarket's plan to enhance shareholder value. NewMarket listed subsidiaries can utilize their own public stock to acquire and fund further emerging technology growth. NewMarket financial performance benefits from the rapid growth of consolidated self funding subsidiaries. NewMarket shareholders can directly monetize the investment that NewMarket has made in its subsidiaries assets when NewMarket distributes stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions.
NewMarket China and NewMarket Latin America
NewMarket announced last week the completion of a transaction with Paragon Financial, Inc (OTC:PGNF - News) to effectively list NewMarket's Latin America Operation expected to report over $20 million in 2006 profitable revenue. This transaction is the second transaction in recent months to list one of NewMarket's subsidiary operations. In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operation's name has recently been changed to NewMarket China, Inc. (OTCBB:NMCH - News). The operations consolidated into NewMarket China are anticipated to report well over $20 million in 2006 revenue with a 2007 forecast for $40 million in revenue.
London Global Equities Conference March 7
The 2007 Global Equities Conference in London will be held at the Great Eastern Hotel on March 7th. Global Equities Conferences are special events, including formal presentations and panel discussions where members of the financial community, including portfolio managers, analysts, fund managers, brokers, investment bankers, and individual investors, meet with select senior management of publicly-held and privately-held companies.
If you are interested in attending the conference in London, please go to www.friedlandevents.com to register.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
For more information on NewMarket, please visit the company's website at www.newmarkettechnology.com.
"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.
Contact:
NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
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Source: NewMarket Technology, Inc.
Thank you for sharing that information to the board.
Good Luck to all.
Peace,
Augie
Spotlight on Verges:
NewMarket Technology
When revenues plummeted and a new business strategy was needed, Philip Verges led his company down a new path. Amanda Barber reports.
There is rarely an easy solution to a business problem. Philip Verges, chairman and CEO of NewMarket Technology, found the solution to his company’s problems in one simple word: strategy. By recognizing an industry need for a business that introduced new technologies to market, Verges repositioned his technology company by developing innovative operational and capital strategies.
In 1997, NewMarket Technology began as a family-run business and as a systems integrator and reseller for dot-com companies. When the bottom fell out of the dot-com market, the company lost its entire product portfolio and went from $11 million in sales in 2001 to $2 million in 2002. Verges said he and his team decided to try and develop their own capital strategy for providing financing to early technologies.
“We sold the assets of our family-run business to a failing, over-the-counter, bulletin-board-listed company, cleaned that company up, and used the capital stock of the public company to raise cash," he said. “We then used that cash to acquire and invest in entrepreneurial companies with innovative technology products and services.”
A new direction
The operational strategy behind NewMarket Technology is to sell, integrate, and maintain recognized market technologies while combining them with the sale of early, and often unheard of, technologies. Rather than approaching new clients, Verges said he and his team present new products and services from the company’s incubated portfolio to existing clients using traditional ones.
Almost half of NewMarket’s approximately $70 million annual revenue for 2006 came from selling traditional products and services. “We have numerous instances where we provide Microsoft desktop solutions to our clients as well as providing site training for them,” said Verges. “On the new technology side, one of our biggest success stories concerns our sale of an emerging networked computing system to one of our clients.”
The portfolio company that provided the system had only sold it in small installations. NewMarket went a step further by selling the pilot, running a successful test, and eventually making a $10 million installation sale. The sale, typical of 63% of the company’s revenue, was outside of the US.
“We’re discovering there is a better market for the sale of new technologies in developing economic regions,” he said. “In addition to our sales in the US, we primarily sell in South America, Singapore, and China today. However, we continue to look for other high growth, developing economic regions to expand to across the globe. We have Eastern Europe in our sights.”
NewMarket Technology is becoming a conglomerate of regional and technology industry-specific companies. As well as the systems integration services it provides, the company acts as a conglomerate of emerging technology products and services. Verges said he and his team acquire the technologies and keep them in subsidiary companies, hoping to eventually list them independently of NewMarket.
“We became a conglomerate of public companies,” said Verges. “By giving each one of these emerging technology or emerging market companies an independent public listing while maintaining it as a consolidated subsidiary, we develop capital stock that can be used to raise money for that company. But by having it consolidated, we still give it the support of a larger parent organization.”
In the fourth quarter of 2006, NewMarket listed its first consolidated subsidiary, its Chinese operations, under NewMarket China. Verges said his company is preparing to also list its Latin American and broadband wireless operations. He estimates that by the end of the first quarter of 2007, all three subsidiaries will be independent public listings.
The road ahead
The success of the company’s operational and capital market strategies prompted Verges to increase the size of the board of directors in 2006. Prior to that, Verges and another member of his team were the sole decision makers. Rather than facing the challenge of finding new companies alone, Verges now depends on his board to review and assess acquisition possibilities. Although the decision makers are different, Verges hopes the approach he used will remain.
“The primary process that was in place, and that I advocate as we go forward, is to be in the marketplace,” said Verges. “I spend a lot of time on the road going to industry conferences, but I tend to go to conferences that are local to specific regions.”
Because many emerging technologies do not have the budget to go to national conferences, regional technology conferences are the best place to discover new possibilities. “The key differentiator in our process to find the next up and coming entrepreneurial technology company is that we go local, not national, with our search,” said Verges. “We are willing to get on an airplane and go to where the companies are based rather than going to a broker in New York.”
Since dropping to $2 million in revenue in 2002, the company rebuilt and reported over $50 million in revenue in 2005 and expects to report approximately $70 million in revenue for 2007. Due to this rapid growth, Deloitte and Touche ranked NewMarket Technology as the fifth fastest growing technology company in North America in 2006. Verges, however, has not forgotten what propelled his company back to a comfortable position after the dot-com crash of 2002.
“It hasn’t been the financing or the business strategy; the strategies we use today have evolved and are the result of years of refinement,” he said. “Knowing there was an opportunity for a business that continuously introduced new technologies to the market, and my team’s commitment to that vision, was the key.”
Eastunder, Are you still holding RMBS? I was thinking of selling 3/4 of my holdings and get more NMKT. NMKT is going to be reporting next month and looking at the trading it seems like it is holding good in the .35 to .37 range. Anyway, just want to run it by you. Good luck to all.
Peace,
Augie