Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Swaziemehesdes, I really hope Phil go through with all his promises. I am tired of waiting, waiting, and more waiting. I don't check my stock as often anymore just setting some buy and sell. Been holding this puppy for hell I don't even remember anymore. That long..........
Good luck to all.
Peace,
Augie
From Neilrock.com
BLINGLE-BERRY
(NMKT) Newmarket Technology Inc Com ($0.37)
The future of innovation
NMKT’s Motto: “Develops software solutions for use in Internet telephony. The company offers voice over Internet protocol services; healthcare practice management software; defense industry system solutions; voice mail and messaging services; prepaid long-distance calling card services; corporate long-distance, fax, and data networking services; e-commerce communications services for businesses selling products and services over the Internet; contact management; and wireless features, long-distance, and applications; and electronic data interchange software. Its customers include large and small corporations, service providers, and governments in the United States and internationally.”
The News:
- January ’07, Newmarket announces new president of Chinese operation with $40 million forecasted 2007 revenue.
- January ’07, Newmarket signs a binding agreement for public listing of NewMarket Latin American subsidiary with $30 million forecasted 2007 revenue.
- December ’06, an insider bought 1,000,000 shares at .30.
What This Means:
Plain and simple, NMKT is looking for its revenue to grow to $120 million in 2007. That’s a 70% revenue growth, with hopes of $500 million for 2010.
What I Say:
The key point with stocks like this, as sad as it is, is the stock will go up if the company continues its push of PR. Its 52 week range is from .26-.70, and at its current prices, it is not a bad play. Also with a Book Value of .26, you aren’t buying the hype YET.
What You Should Do:
Buy some at these prices and then put a sell order at 50 cents to play it safe.
Good luck to all.
Peace,
Augie
NewMarket Technology, Inc. Appoints Chief Technology Officer for NewMarket Latin America in Strategy to Expand Latin American Operations to $30 Million in 2007
Monday January 22, 9:14 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced the appointment of Mr. Paykar Chamani to Chief Technical Officer (CTO) for the Company's regional subsidiary, NewMarket Latin America. As the CTO of NewMarket Latin America, Mr. Chamani will be responsible for providing technical operating strategy and technical due diligence for any acquisitions or mergers, advising the operating companies on technical matters and serving as the principal officer for the development of new product categories and services. NewMarket's Latin America operations currently have offices in Brazil, Chile and Venezuela and expect to report over $20 million in profitable annual revenue for 2006.
ADVERTISEMENT
Mr. Chamani has served for the last three years as the CTO of Corsa Network Technologies, a company acquired by NewMarket Technology in 2005. Mr. Chamani studied Engineering in Paris at LT Dorian College, speaks four languages including Spanish and English, and is widely acknowledged for his skills and expertise in technology. Mr. Chamani has extensive experience with the security sector in France, as well as with NetVersant in the U.S., where he was responsible for IT operations across 40 locations with more than 2,000 employees.
Aubrey Brown, President of NewMarket Latin America, said, "Paykar has been very instrumental in the success we have enjoyed at Corsa Network Technologies and his proven technical abilities and knowledge of IT operations will enable us to quickly bring new products and services to market in Latin America. We expect to provide evidence of our new technical aggressiveness within months. I'm extremely pleased that Paykar has chosen to accept our offer to join us in growing our business in Latin America."
Public Listing of NewMarket Latin America Subsidiary
NewMarket Technology has signed a letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon Financial. The corporate name will change to NewMarket Latin America. NewMarket's Latin America operations in Brazil, Chile and Venezuela currently have over $20 million in profitable annual revenue. A 50% increase in 2007 revenue to $30 million has been forecasted, including net income.
Additional NewMarket Subsidiary Listings
NewMarket's long-term business plan includes independently listing subsidiaries, while the parent company retains and maintains a majority interest. Due to the majority interest, NewMarket will continue to consolidate the subsidiary financials into NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations the ability to invest in a focused investment, or "pure play." Initial terms of the majority interest in the subsidiaries include a NewMarket Technology owned preferred stock with "no dilution" provisions, offering an initial incentive to delay conversion of the preferred stock. Upon conversion of the preferred stock of each subsidiary, NewMarket will declare a shareholder of record date, dividend ratio and dividend distribution date for the subsidiary stock dividends to NewMarket shareholders.
In addition to the planned public listing of NewMarket's regional subsidiary, NewMarket Latin America, the Company had already completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP - News). NewMarket's Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million.
Separately, NewMarket and Diamond I, Inc. (OTCBB:DMOI - News) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets with $10 million in revenue forecasted in 2007. NewMarket will be the majority shareholder in Diamond and the companies will pursue Wi-Fi opportunities within multiple industries. With the addition of NewMarket's financial and marketing resources, one such opportunity exists with Diamond's proprietary encrypted hand-held gaming system targeted at the casino and gaming industry. Substantial revenue enhancement is offered to the gaming industry with wireless gaming. Wireless gaming does not require the gaming participants to be on the casino floor in order to gamble, yet provides the encryption and security necessary to abide by gaming regulations.
To facilitate the expansion, NewMarket recently announced an LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. RedMoon has designed, engineered and deployed mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband for municipalities.
In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX - News), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp
The cumulative 2007 forecasted revenue of the three subsidiary operations to be listed independently is $80 million. NewMarket intends to issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions.
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 (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
--------------------------------------------------------------------------------
Source: NewMarket Technology, Inc.
Healthy Close. We needed that pullback now rather than later. Hope the new base/support would be around .37 or so. Good luck to all.
Peace,
Augie
Thanks for posting that. Good luck to all.
Peace,
Augie
Great Reading... Posted by Mo_Tze
How share price manipulation works-just one example
Picture this: You are a small-time investor who stumbles onto a start-
up company that has just developed an innovative new product, a
cutting edge technology, or maybe a medical breakthrough that could
very well be "the next big thing". In the back of your mind, you
can't help but think, "This could be the next Microsoft", and you
have a chance to get in on the ground floor of a hidden gem that the
big investors and analysts haven't even heard of yet. You do your
homework, research the outstanding shares, study the recent press
releases and filings, and read about the company on the stock message
boards. Finally, you take the plunge, and decide to buy 500,000
shares at a nickel a share. That's right, you now own 1% of (there's
that thought again) the next Microsoft, for a paltry $25,000. Sure
it's a bit of a risk, but you know the saying, "no risk, no reward".
You hit the buy button, turn off your computer, and wait for the
money to roll in. A couple of weeks later, the company announces that
they have secured a major financing deal, and now have the money to
take their product to market, and you know you made the right
decision. The volume picks up, the message boards are buzzing, and
all is right with the world.
But then, something goes terribly wrong. For no apparent reason at
all, the stock price begins to tank, and before you even have time to
react, your 500,000 shares are down 80%, and you've just lost $20,000
of your hard-earned money. What the hell happened?
The Set-up
This same scenario is being played out time and again in every corner
of America, and although there are many reasons for the failure of
small, struggling, publicly-traded businesses, including
mismanagement and outright corporate fraud, another, more sinister,
plot is carried out every day, robbing investors of their money,
businesses of their chance to achieve the American Dream of success,
and hard working, dedicated employees of their dreams and even their
livelihood. And worst of all, up to now, this fraud has been ignored
(and in many cases even condoned) by the SEC and our very own
government.
This is how it works. Remember that great news that the company just
released about securing financing to allow them to take their product
to market? It's nothing more than an elaborate scheme perpetuated
against the company, its employees, and the shareholders by a network
of skilled con artists. It begins with the financial institution
(usually an offshore "lending institution" based somewhere like
Bermuda or the Cayman Islands), who approaches the company with
promises of funding to "help" the company get their product off the
drawing board and into the market. The company, who is usually
strapped for cash and desperate for some financial support, considers
the terms of the offer. The lender promises them say, five million
dollars in exchange for company stock at a 20% discount to the market
price at the time they are converted into shares (although some deals
are much worse, and the lender gets their shares at as much as a half
price discount from the current market price). The company does the
math: five million dollars converted to shares at 80% of the current
price of around a nickle a share, not too bad a deal. Plus, once the
news of the financing is released, investors will swoop down in a
stock-buying frenzy, the trading volume will go through the roof, and
the share price will soar, meaning the company will give up even
fewer shares for the money they receive. The lender makes a nice
profit, the company gets their product to market, their employees are
finally rewarded for their years of dedication, and the loyal
shareholders hit the jackpot. Everyone is happy.
Except that none of that actually happens. Before the ink on the
contracts has even had time to dry, the lender is on the phone,
calling his co-conspirators.
The Con:
What happens next is complex, and involves the offshore lender, US
Brokerage firms, and Canadian Brokers. The lender calls his broker,
who is instructed to short sell the company's stock into the ground.
Short selling involves the selling of imaginary shares into the
market in the hope that the price will drop, and the short seller can
then "buy back" the shares (that they never actually owned in the
first place) at a cheaper price, and pocket the difference. Once a
stock is sold short, a seller (or their broker) must cover their
position by "borrowing" shares from other stockholders (usually those
shares that are held in a brokerage house, such as ETrade,
Ameritrade, etc.), and sell them into the market. Sound unethical,
and bit confusing as well? Maybe, but it is a legal practice that has
flourished unchecked for years. The real problem arises when the
short sellers dump so many "imaginary" shares into the market that
the selling overwhelms any buying pressure, and artificially causes
the stock price to crash. And this is exactly what the lender and
their cohorts do.
Canada: Co-Conspirators From The North
In order to sell short enough shares to truly cause the stock to tank
in price, the broker often has to sell more shares than they can
"borrow" from legitimate stockholders. This practice is known as
naked short-selling (meaning the short sellers never intended to
cover their position by borrowing real shares from legitimate
stockholders). There is only one problem. Short selling is illegal in
over-the-counter stocks (known as OTC, or penny stocks), and naked
short selling any stock is illegal. That's where the Canadian
connection comes in. While American brokers have to follow the
National Association of Securities Dealers (NASD) rules, Canadian
brokers don't. Canadian investors and brokers are allowed to sell
short as many shares as they want, and never have to borrow the
shares from legitimate stockholders, effectively flooding the market
with counterfeit shares. In fact, they can legally sell more shares
into the market than even exist in the entire float. So, to
circumvent the rules, the American brokers funnel their short selling
activities through their Canadian connections. If there are buyers
for a million shares, they short sell three million into the market,
and on and on, until the stock price eventually collapses under the
weight of millions and millions (or billions and billions, if
necessary) of fake shares flooding the market.
The Payoff:
So, in simple terms, our lender loans the company a small part of the
money they promised them and then immediately calls their co-
conspirators in America and Canada, who then flood the market with
hundreds of millions of counterfeit shares, causing the share price
to collapse. Often, as an insurance policy, bashers are hired to
discredit the company on stock message boards such as RagingBull, in
effect creating an even darker picture of the company. Then, the
lender converts the loaned money into shares of company stock, not at
80% of the nickel stock price that the company envisioned, but at 80%
of the market price after they've effectively manipulated the stock
price down to almost zero. Instead of the few million shares that the
company expected to give the lender, they are forced to give them
hundreds of millions (and sometimes even billions) of shares. The
lender turns around and dumps those shares into the market, and the
price is driven even lower, and they collect their next payment in
shares at an even cheaper price. This type of arrangement has become
known as "death-spiral financing", because the company is often
driven into bankruptcy by the lenders, their American brokers, and
their Canadian cohorts.
The Damage:
In the end, this practice amounts to financial terrorism against the
United States. Legitimate companies are forced out of business,
dedicated employees (who often received stock as part of their
compensation) lose their jobs and their stock investments,
communities lose out on the opportunity to earn substantial revenues
and the employee base that a successful growing business can provide,
and the stockholders lose their hard-earned money. Even more, they
lose their faith in the stock market as a whole, and vow to never
take a risk on a small, unproven, start-up company again. Legitimate
lenders stop loaning money to small businesses (which appear to be a
much higher risk), and eventually, the entire entrepreneurial spirit
of America is put at risk. Make no mistake, lives are literally
destroyed by this insidious practice.
What Can Be Done About It?
Both the SEC and the NASD have known about this practice for years,
yet have stood idly by while Canadian brokers, offshore financial
institutions, and their American co-conspirators have systematically
financially raped and pillaged our small businesses, their employees,
and small investors. Recently, numerous lawsuits have been filed by
victim companies naming dozens of brokerage firms as defendants.
Individuals and small independent organizations such as
www.investigatethesec.com have attempted to draw attention to the
problems, and finally, a few small publications such as
www.faulkingtruth.com have begun to provide some coverage of the
situation.
Proposed NASD and SEC rules don't go far enough to prevent this
practice. Until Congress steps in and forces everyone to play by the
same rules, and makes those rules tougher in regards to short selling
in general (and naked short selling in particular), the OTC market
will continue to be a rigged game, and the well being of America will
continue to be threatened by unscrupulous foreign (and yes, domestic)
interests.
Eastunder, Scov, SBC, and all the rest of the crew...,
Looks like our long awaited upward movement is coming to light. By the way, it seems like most of the posters here are here all the time. Do you guys work or trading is your full time job? Must be nice.... I hope when NMKT goes to the dollar range and above I could retire. I am getting tired of corporate environment. I need to do something and change that. Been doing it too long. Too many politics and not to mention the BS that goes with it. Common NMKT, make me change my career by getting to the dollar range so I can start my own business. Anyway, I did not read everyone's post but it looks like people are happy again. I guess that is LIFE. When things are going good with NMKT, LIFE is good. I hope it stays that way till April or so when they start to report there 4th QTR annual result we have more room to go upwards. Good Luck to all.
Peace,
Augie
Boy do we have sensitive posters on this board. I hope you guys don't lose sleep over this... I have been holding NMKT for the longest time. I agree with all of you. No one is wrong and no one is right. It is all opinions. In fact, even the Beacon Research is an opinion. No one really knows how the market is going to react on a daily basis. You all should know that by now. For instance, when Google started it's IPO at around $100 or more, the public thought it was too high and look at where they are now... All the posters on this board are just posting their opinions and some of their DD's. I used to post my DD here on this board but I just got tired of researching on the company. I am just holding it until it goes to the dollar range. I still think they will make it. It is just a matter of time. Anyway, hope you guys are in for the long haul cause I know it will be a bumpy ride. It has been for the past 4 years or so.... Good lcuk to all.
Peace,
Augie
Hello All,
Happy New Year to all!!! As I have expected we are trading sideways in the .30's which is good in my opinion. I predict that we are going upwards before tax time or around that date. And NMKTTOTHEMOON you may just be right that we may hit the almighty dollar this year. That is what we are hoping for right? Anyway, hope you all had a great Xmas break and hoping that all of us will have a prosperous New Year.
Questions to all the Longs here, I have not been upto date with NMKT. I was just reading randomly with all the PR's that NMKT had release. What's that all about? Everyday we have PR's and most of them are useless. What is up with that? Can someone clue me in... Thank in advance.
Good Luck and Happy New Year to all.
Peace,
Augie
Hello all,
First of all Congratulations Hiphop. Just notice your name as one of the assistant. Looks like NMKT is going to be holding in the .30's which is good. It was about time. Looking forward for the next 6 months. NMKT should see some new high's next year. Just wanted to say hello to all the Longs (new and old) and a very Happy Holidays. Good luck to all.
Peace,
Augie
Jen, at least he has kept me from selling half of my shares. That is all I wanted from Phil Verges. Keeping his word/promise. I am going to hang around a little longer and see where this takes me. I am still hoping for that dollar range sooner rather than later. I hope you are right about the delay reaction. That would be good if we see some green for the next few days. I know 1 million is not that much but at least he did follow through. I have to give him credit on that one. Now, it would be nice the other officers follow his lead. Good luck to all.
Peace,
Augie
Wow, we have a lot of PR's. Everyday we have a Press Release. What is happening? Is there something in the horizon? Are we finally getting somewhere or is it all smokes and mirror? I am still waiting for Management to buy some stocks in the open market. Is someone from this board going to the New Orleans shareholder meeting? One guy posted some great question for PV. I want to know his answer on those. Thanks in advance. Good luck to all.
Peace,
Augie
To those who are a shareholder since IPVO, what SBC was trying to say is the truth. PHIL VERGES need to do at least one of the many promises he mentioned. Why not start at Management Buying in the open market. Do it NMKT Management enough of the BS PR's. If they really want other shareholders to buy more shares or new people to invest they should start in their own backyzrd. Good luck to all.
Peace,
Augie
I have talked to them so many times already. I just want to see it accomplished. Rick talks your head off for one thing, I just want to see Management keep their words, promises, forcast, whatever you want to call it and get it done. Good luck to all.
peace,
Augie
Yep they know since it was happening when it was still IPVO. But that is no excuse for other failed promises. I personally want them to fulfill them soon rather than later. Good luck to all.
Peace,
Augie
Jen, I have been loading quietly between .27 and .29 for the past few weeks. When I left for Thanksgiving, I really thought it was going to move upward and when I checked it went the other way around. What a disappointment. We have great Sales and bottom line and yet the price tanks. Maybe people (public) is tired of the BS from Management. They or We need to see some action like fulfilling their promises. I want to see that personally. Oh well, on through the fog as Scov says it. Good luck to all.
Peace,
Augie
NewMarket Tech, Action Products End Deal
Monday November 27, 11:56 am ET
NewMarket Technology, Action Products International End Merger Plans
DALLAS (AP) -- NewMarket Technology Inc., an integrator and maintenance services provider, confirmed Monday it is no longer in merger talks with toy maker Action Products International Inc.
Last week, Orlando, Fla.-based Action Products said the companies terminated formal negotiations after legal and financial teams agreed they weren't able to make progress on final terms.
ADVERTISEMENT
Philip Verges, chief executive and chairman of NewMarket Technology, on Monday sent shareholders a letter that said an accelerated listing on the Nasdaq was a primary objective of the planned merger, but "the operational opportunity did not prove compelling enough in the final analysis."
Verges said NewMarket is on track to achieve $70 million in annual revenue and has outgrown the over-the-counter Bulletin Board exchange on which its stock is currently listed.
"Given NewMarket's current operational expanse, management can not effectively pursue both aggressive operational growth and building shareholder value quickly," Verges wrote. "Accordingly, management has made the decision to engage an investment banking firm to manage share price alignment strategies through an upgraded listing and an organized communication campaign with institutional investors."
Shares of Action Products dipped 8 cents, or 4.7 percent, to $1.61 in morning trading, while NewMarket Technology added a penny, or 3.9 percent, to 27 cents.
NewMarket Technology, Inc. Provides Business Plan Update for Projected 100% Growth in China to $40 Million in 2007 Revenue Reaching Profitability in 2008
Monday November 27, 11:56 am ET
CEO Addresses How Cash Generated by Operations is Best Used to Invest in Growth versus Reporting a Profit in 3rd of 3 Shareholder Letters Providing Detailed Operation Updates
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today released a letter to shareholders from CEO and Chairman Philip Verges regarding detailed plans to increase revenue from its Chinese operations by 100% from approximately $20 million in 2006 to a projected $40 million next year. The forecasted increase in China accounts for a substantial portion of NewMarket's recently announced initial forecast to increase overall revenue to a profitable $120 million in 2007.
ADVERTISEMENT
NewMarket recently listed its consolidated Chinese subsidiary in a combined acquisition and reorganization transaction with Intercell International Corporation (OTCBB:IICP - News). Today, Intercell is majority owned by NewMarket Technology. The Intercell name will be changed to NewMarket China in the coming weeks.
The letter to shareholders explains the revenue expansion opportunity and details the current plan to achieve operational profitability in China in 2008 and maybe sooner. While currently profitability plans only include net income expectations from current operations, the CEO outlines how yet to be determined acquisitions could accelerate operational profitability. The letter is included in its entirety within this press release.
Dear Fellow Shareholders,
NewMarket recently announced a projected revenue increase of 100% within its Chinese operations from approximately $20 million in 2006 to $40 million in 2007. In 2005, NewMarket entered into an agreement with the Huali Company in China that has resulted in the majority of NewMarket's approximately $20 million in 2006 revenue. That contract is being expanded to include servicing an additional geographic region roughly equal in size to the existing geographic region. NewMarket's experience with Huali and familiarity with the expansion region gives us the confidence to forecast the revenue expansion potential. The current Huali relationship holds the potential to expand into yet another geographic region in 2008 to potentially triple the revenue anticipated this year.
First Build Financially Sustainable Customer Relationships, Then Build Profits
The bulk of the services are related to selling, installing and maintaining computer hardware and peripherals. Due to the nature of the business and the current sales opportunity almost being entirely within China, the profit margin opportunities are not initially particularly impressive. NewMarket plans to improve profit margins by increasing software development services to be a larger percentage of the overall services, in addition to opening up foreign markets. Additionally, as central to NewMarket's overall strategy, we also have plans to dramatically improve profit margins as the Company matures by acquiring early stage emerging technology companies specific to the Chinese market and pulling higher margin emerging technology sales through to the existing systems integration customers.
Practical Profit Expectations and Probable Profitability Upward Revisions
In conjunction with announcing the projected 100% increase to $40 million in revenue in 2007, NewMarket also announced that operational profitability is not expected until 2008. The profitability expectation is forecasted solely based on the potential of the current operation. The profitability expectation does not include any consideration of increased higher margin software development sales or increased higher margin sales outside China. The profitability expectations also do not include the acquisition of any emerging technology companies and the corresponding sale of any emerging technology products and services to existing systems integration clients.
Independent of the probable profitability upward revisions based on planning underway for software and foreign technology service sales, management considers the current profitability schedule reasonable and practical and well in line with early stage development plans.
Generating Cash and Sources of Investment vs. Net Income Contributions
NewMarket management considers cash produced from operations the best source of investment capital to expand operations. NewMarket and its subsidiaries all have fast growth business strategies and are likewise making regular investments in growth. Current plans in China call for all cash flow produced by operations in China through 2007 to be reinvested back into rapid expansion in China.
NewMarket is one of many companies vying for investor attention. Investors are hungry for profitable companies. One might argue that contributing generated cash to net income rather than investing all cash in a small businesses rapid expansion is a poor use of cash. However, I find it is more practical to demonstrate some profitability in order to draw investors' attention more easily to the fact that the Company is generating cash, though most of that capital is being reinvested back in support of our continued rapid expansion.
Increased Margins from Listed Subsidiaries Enabling High Margin Equity Income
Dramatic profitability from NewMarket and its subsidiaries will be realized as the business model matures and creates more independently listed consolidated subsidiaries. At that time, both NewMarket and its Chinese subsidiary will be able to derive high margin equity income from the fractional sale of equity in independently listed consolidated subsidiaries. Not to be overlooked is the eventual shareholder dividends to be distributed of the subsidiary stock when most advantageous to NewMarket investors.
Please consider attending NewMarket's Annual Town Hall Meeting in New Orleans on December 7th to learn more about our operation in China and our other soon to be independently listed consolidated subsidiaries. Come ask more questions about early stage profitability and hear more about our fast growth business strategies.
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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), Hyperion Solutions (Nasdaq:HYSL - 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.
"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
--------------------------------------------------------------------------------
Source: NewMarket Technology, Inc.
Yes Jen, I remember that. I just can't keep track any longer and just let my money sit on this company. I am really losing my patience but yet I can still see the light at the end of the tunnel. Can you see it or is it getting blurry? LOL
Anyway, hope Management does something to turn this around and earn the trust of their LOYAL Shareholders that has been holding since IPVO days. Mr. PHIL VERGES, for once do something that you said you were going to do. Like buy back from NMKT Management in the open market. That will show the world that Management themselves have trust, loyalty, believe in their own company that they work for. Would like to see this happen this year. Good luck to all,
Peace,
Augie
What happened to the shareprice??? I thought we should be climbing up not down... With a great result who would be selling at these levels? I don't remember it going this low for the longest time. The question now is who is selling? Insiders? NMKT consultants? Your guess is as good as mine. Regarding Phil's letter, I think that was good but looking forward for the 2nd and 3rd letter. He sure brought up integrity and accepting responsibility for the tanking shareprice. What does it mean? He knows who is selling at these level? Not clear enough. I hope to see management follow through their promises. That is what I am waiting for. All the promises they promised us while we were still in IPVO and early NMKT. Where are they????? When is this going to get accomplished??? That's is my main complaint about Phil and management. Luck of follow through and I agree with you Big_Island. No one listens anymore to management since OUR Trust is yet to be earned. Good luck to all.
Peace,
Augie
Hello everyone, I just could not stay away from a computer How is everyone doing today? Disappointed? Disgusted? Wow, all this anger building up within... Eastunder is right. When the first news of a Reverse merger with APII we thought it was kinda funny like the best joke yet. I am glad that the merger did not go through because for sure either APII shareholders or NMKT shareholders are going to get screwed. It is either us or them but bottom line it is always the shareholders paying the price. I have said so many times that PHIL should just concentrate on his promises. And DO NOT MAKE ANY PROMISES THAT HE CANNOT DELIVER. I am still waiting for all the promises he mentioned when the company was still IPVO. What happened to those.... Too many to list and I am still waiting and so are others. It is INTEGRITY, ETHICS, and RESPONSIBILITY that PHIL should be concentrating on and deliver what he had promised. Well, got to be with the family. Good luck and HAPPY THANKSGIVING TO ALL.
Peace,
Augie
Happy Thanksgiving to all. Be back 1st week in December. Hopefully our Shareprice is up from where we are today. My wish is around the 50's. Good luck to all and Have a great TURKEY weekend.
peace,
Augie
You guys are right. I will just have to wait and see. Phil always opens his mouth promises shareholders that he will do this, that, and upto now we are all still waiting. SHOW US THE MONEY PHIL. Talk is cheap. Still waiting for the buyback from Management, dividends, etc.... Too many to list. When are all these going to happen? Anyway, I will just go ahead and load some at these levels and sell when it pops. You never know.... Phil is full of surprises and full of %$%&*. Take it however you want.
Good luck to all.
Peace,
Augie
Thank you for your reply SBC. So no one has taken the challenge to be the other assistant? Is Firecracker still around? I think several here on this board should be a great candidate to be an assistant. About the charts I hope you are right. I have a friend who wants to join me in investing some of his money and don't want to let him down. He is looking for a great short term investment that will have a big return. me and my big mouth. So now, I hope that Management does not disappoint us shareholders specially this time of the year. Share your WEALTH NMKT!!! Good luck to all.
Peace,
Augie
Hi SBC,
What does the chart say? Is it time to buy or still hold until next year? Not a chart reader. Good luck to all
Peace,
Augie
Do you know what the distribution will be? 5 to 1, 10 to 1, 15 to 1, etc.... Would be nice if we can get some information on this. But and again, it could be smokes and mirror. I hope THIS TIME Phil is really going to do this and not pull our strings just like what happened with DFTS. Time will tell and it tell no lies. I just had to put that in there But just in case I am going to get some at these level.
Good luck to all,
Peace,
Augie
Jen, Scov, and SBC,
Is it time to load up or will it still drop some more? Can you do me a favor and look at the charts. You know me, not a chart person.
Good luck to all.
Peace,
Augie
WOW, this board has it going... Alot of discussion and definitely a lot of posts. When I looked at the board I thought either the price has gone to the toilet or gone to the moon. But I guess it is just people letting out STEAM. Since everyone is doing it might as well join the bandwagon. Okay let me start. I have to agree with people defending the company and I also agree with the people that are complaining about the company. They both have great points.
True the company is growing with higher revenue with profits on the other hand we get dilution and increased in OS. Not sure when it will end but I am against dilution and increase in OS. Regarding Phil, hmmm the only thing that I am disappointed with him is he needs to learn to SHUT his mouth and not give promises, projections whatever you want to call it and not deliver. He should open his mouth on what he knows rather than what he think he knows. But overall, I have not lost my faith in the company. Key word FAITH. Something that I am basing my money on. I really hope that Phil starts accomplishing, meeting, carry through, completing, all the promises he mentioned.
If not, one person had said here best. He would sound like a used car salesman. Other than that the only other advice is when you have a profit lock it in. You will feel better trust me on that one. A PROFIT is a PROFIT. Good luck to all.
Peace,
Augie
Hi Scov,
Sure whenever I have free shares I try to keep them in my LONG bucket. That is the one that I will hold for the LONG TERM since it is technically pure profit. I did that with BRVO still holding some of the free shares. I also have some for NMKT but I am tempted to trade it. It is just frustrating to see it spike up then go back to where it was. You know what I mean we have been here for the longest. Patience is running thin. Phil should just say what he can do and not say what he thinks he can accomplish. That is my biggest complain about the company. Promises being broken. Just like a little kid. Anyway, good luck to you.
Peace,
Augie
My02. Well said. But I on the other hand still have some holdings for the long run and I am also trading NMKT whenever possible. That is how it should be not holding all the time and not selling when they have a spike up. I have to admit that I do trade NMKT whenever I get a chance. Who wouldn't? It is all about MONEY and you nailed it.
Good luck to you.
Peace,
Augie
My02, Darn I guess Phil is Full of Shi#. Promising dividend for DFTS and now DFTS is on trial for Fraud. hmmm. I am just surprise that he has not learn how to shut his mouth and stop upselling stuff that he cannot accomplish. I have always posted on this board that I would rather be surprise at something good and not the other way around. I really hope that he is not in cahoots with Augustine cause if he is... you know the saying birds of the same feather flocks together. Meaning we longs are in trouble... Knee deep with this crap.
Regarding 3Q results I hope there is something to look forward to cause I need some money for Xmas shopping Just waiting for the right time to enter and sell when or if ever it goes up. But if you are right... I guess need to look else where
As always your DD is appreciated and I just have to wait it out for now. Thank you for sharing all your DD. Hang around here for the meantime cause it may get exciting. By the way, is Even or Charleoi still posting? What ever happen to him?
Good luck to you and all.
Peace,
Augie
My02, why did you sell all your holding? Tired of the BS from management? or more of personal reason? You have been a good poster here and I am going to miss all your in depth DD. Whatever you do good luck.
Peace,
Augie
Subject: NMKT news in Dallas Morning News
Importance: High
NewMarket Technology agrees to be acquired
11:45 PM CDT on Tuesday, October 10, 2006
Dallas-based NewMarket Technology Inc. has signed a letter-of-intent to be acquired in an all-stock deal with Action Products International Inc. of Orlando, Fla. But NewMarket would be the controlling company, with Action Products becoming a subsidiary.
Under terms of the deal, NewMarket's stock would be valued at no less than 50 cents a share. If the deal goes through, NewMarket's shares would move from over-the-counter bulletin board trading to the Nasdaq, where Action Products' shares trade.
NewMarket buys, develops and spins off technology companies. Action Products, which makes educational toys, would be the company's first consumer products firm.
NewMarket said the deal is expected to close by March. Its shares rose 4 cents to close at 33 cents. Shares of Action Products rose 29 cents to close at $2.28.
Victor Godinez
http://www.dallasnews.com/sharedcontent/dws/bus/stories/101106dnbusNewMarketbrf.317d262.html
________________________________________
Rick Lutz
LC Group
404-261-1196
Subject: Action Products International (Nasdaq:APII) win a $5.1 million jury verdict
Importance: High
Orlando firm plays tough for toy distributor
Posted October 12, 2006 on Orlando Sentinel
Here's a new slogan for Orlando law firm Morgan & Morgan: For the Toy People. The firm helped toy distributor Action Products International win a $5.1 million jury verdict on Monday in a case against a Hong Kong toy company. Action Products claimed in a lawsuit filed in a state circuit court that Hong Kong-based Lung Choeng International Holdings violated a confidentiality agreement and consulted with a former Action Products executive when it purchased Kid Galaxy, a developer of Bendos toys. The firm representing Lung Choeng is also a familiar name around town: Lowndes, Drosdick, Doster, Kantor & Reed. The firm plans to appeal the verdict.
Help wanted
Do you enjoy swinging from a trapeze, while breathing fire and wearing colorful spandex? If so, a job with Cirque du Soleil could be yours. Cirque's international casting team is planning auditions in Orlando at month's end. Interested performers should contact the company at www.cirquedusoleil.com.
Leading the way
Two banks new to Central Florida are busy recruiting top brass for the region. Barely a week after announcing plans to enter the market, BankAtlantic of Fort Lauderdale has hired Julie Dunn Story as its Central Florida president. Story was formerly a senior vice president for Riverside National Bank and a top SunTrust exec in Brevard County. Meanwhile, Urban Trust Bank has named Jim L. Ricks as its Florida regional president. He was formerly a senior lending executive with Washington Mutual in Georgia and California. Urban Trust is the African-American-owned thrift formerly known as Metro Bank. It was acquired this year by billionaire Robert Johnson.
Legal maneuvers
A 35-year stint in the Citrus Center in downtown Orlando has come to an end for law firm Akerman Senterfitt. Sort of. The firm has just completed a big move, across Orange Avenue to CNL Center II. Some 90 attorneys and 170 support staff relocated to the tower, which sits north of City Hall. The law firm -- it has been in downtown Orlando for 85 years -- is holding onto more than 28,000 square feet in the Citrus Center, for operations such as accounting and human resources.
Hey, it could be worse
Taxes may be only slightly less popular than death, but in Florida, at least, they are a little less painful. A new report ranks Florida as the fifth best state in terms of its business-friendly tax policies. The 2007 State Business Tax Climate Index ranked only four states ahead of Florida: Wyoming, South Dakota, Alaska and Nevada. At the bottom of the barrel were New York, New Jersey, Ohio and Rhode Island.
Luxury shopping
Well, here's at least one tiny segment of the local real estate market that looks very healthy. Seven of the eight luxury homes to be displayed at the Street of Dreams at Bella Collina in Lake County already are sold, according to the show sponsor. The homes -- 7,000 square feet to 13,000 square feet -- sold for from $5.8 million to $6.8 million. The homes' exhibit opens Saturday and runs through Nov. 26.
Reaching out
HHCP Architects is doing a little design work far afield from its home base in Maitland: Current work includes the Marina Residences & Town Houses on The Palm Jumeirah in Dubai, United Arab Emirates.
Tim Barker compiled this report with contributions from Jack Snyder, Sara K. Clarke, Richard Burnett, Scott Powers, and Mark Chediak. He can be reached at 407-420-5022 or tbarker@orlandosentinel.com.
http://www.orlandosentinel.com/business/orl-fineprint1206oct12,0,7708023.story?coll=orl-business-hea....
________________________________________
Rick Lutz
LC Group
404-261-1196
Subject: Action Products International (NASDAQ:APII) Awarded $5.1 Million Damages for Breach of Contracts
Importance: High
Info on Action Products International (Nasdaq:APII) below...
$5.1 Million in damages awarded to APII represents $1.00/share.
Rick Lutz
LC Group
404-261-1196
________________________________________
AP
Action Products Wins Suit Vs Lung Cheong
Friday October 13, 11:51 am ET
Action Products Wins $5.1 Million Damages in Suit Against Hong Kong's Lung Cheong
ORLANDO, Fla. (AP) -- Toy designer Action Products International Inc. said Friday it won a civil lawsuit against Lung Cheong International Holdings Ltd. of Hong Kong and its U.S. unit, and is entitled to $5.1 million damages plus legal fees and costs.
After a 6-day trial, the jury found Lung Cheong and its American subsidiary used information, learned from confidential discussions with Action Products, to take an acquisition away from the company.
The jury further found Action Products' former Chief Financial Officer Timothy L. Young aided Lung Cheong in this matter.
In 2001, Action Products had worked more than six months on a pending acquisition of a New Hampshire-based toymaker when the company was exploring outside funding and partnerships under confidentiality agreements, disclosing its negotiations, plans and evaluations to Lung.
SBC,
I believe you may want to take Firecracker off as an assistant as well since he's no longer holding NMKT. Not sure who would be great candidates to be assistants. (Eastunder, and NMKTTOTHEMOON are great candidates. You may want to offer it to them. Good luck to you.
peace,
Augie
Jen,
If you have time please attend the meeting and get whatever information you can get and post it here or email me. I always value your opinion and hopefully you can shed some light on what is going on with NMKT. At this moment, I am still waiting to add more to my holdings. Just waiting for the right time.
Not sure about the merger of APII and NMKT. How are they going to accomplish this? More details on the deal would be of value to us shareholders. I would like to see that in the next few days.
Good luck to all.
Peace,
Augie
I believe it is more of the listing than anything else and I think that was a smart move. And you were right about Charleoi, I was just trying to strike a conversation to anyone since the board has been quiet. Good luck to all.
Peace,
Augie
That would depend on the client. Some client does not mind being named and some do. Good luck to all.
Whatever happened to Charleoi? Is he missing in action? Have not seen any of his post lately. Maybe that is why we are trading sideways. But as soon as he comes on that is the signal to buy Good luck to all.
Peace,
Augie