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Wall Street Transcript's ''Growth Stocks'' Issue Includes Interview with NewMarket Technology, Inc. CEO Philip Verges
NewMarket Technology, Inc. (OTCBB:NMKT) today announced the inclusion of NewMarket Technology in the "Growth Stocks" Issue of the Wall Street Transcript, published December 18, 2006. The Wall Street Transcript interviewed Philip Verges, CEO of NewMarket Technology, regarding the company's rapid revenue growth, which recently gained the company national recognition, being named the fifth fastest growing technology company in North America by Deloitte and Touche.
The interview highlights recent progress in publicly listing a number of NewMarket's consolidated subsidiaries as a prelude to declaring dividends to NewMarket shareholders in the form of shares of subsidiary stock next year. Mr. Verges noted that the first consolidated subsidiary, Intercell International Corporation (OTCBB:IICP), will be renamed NewMarket China and will have a symbol change in the near future.
A letter of intent (LOI) agreement has been signed with Paragon Financial Corporation (OTC:PGNF), to facilitate the public listing of NewMarket's Latin America operations, which is expected to close early next year. Another letter of intent (LOI) has been signed with Diamond I, Inc. (OTCBB:DMOIE) to publicly list the company's WiFi operations and pursue DMOIE's patented wireless gaming technology, which targets the casino industry. Mr. Verges also discussed the company's revenue forecast for 2007, projected at $120 Million.
Access to the NewMarket Technology interview is available to subscribers at the Wall Street Transcript website, (http://www.twst.com/perl/profile.pl?file=techno/AFK612) and will be accessible to investors and interested investors at NewMarket's corporate site (www.newmarkettechnology.com) today.
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 The Wall Street Transcript (https://secure.twst.com/subscribe.html)
The Wall Street Transcript is a paid subscription publication received by money managers, investment brokers, individual investors and financial media that features analyst, money manager and CEO interviews. Reports are published weekly, and tend to focus on one or two industries. They contain the views of money managers and analysts about the sector, as well as interviews with eight to fifteen CEOs of companies that operate in that industry.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVAT
its funny to see how hey keep pressuring for gap closure at 30.2
its making the same move as prior to the jump to 67 earlier this year
I agree 110% hiphop !!
Somebody understands the significance of this cooporation?
This opens the 200 million acquisition revenues..imo.
point taken and thx for your response
I understand and agree..
but I really believe you all underestimate the impact of some naked shorts / FTDs' past year. furthermore.. on the OTCbb there is a lot of untransparancy and so things can look bad but is in fact not at all that bad and vice versa.
I'm allmost a year on this board and I think you guys picked the right comapny at a bad moment. This one is definately gonna score big IMO the next years ..and just when it is starting to pay off and develop (not shareprice alone..but the company itself) you gave up
then suddenly you see it is starting to live and move again and getting things done.. and you feel a bit more grieved.
I understand that people need to see the two sides, I second that.. but with all respect..some of the posters and also the one mentioned by some was really a poster who just posted shit and negative postings and lies..just to rub it in.
there is a difference between critiscism (which is good) and pointless and misleading postings with only one GOAL.. irritate people
NMKT will be a good investment from my point of view..only some of you were here too soon..and became tired of waiting.
but sometimes you just have to hold out a little longer :)
there is 200 million extra in acquisition pipeline !! this is besides the 120 mil rev next year..
NewMarket Technology, Inc. Expands Latin American Software Factory with Clients Oracle and Baan and Moves to Separately List Subsidiary in Transaction with Paragon Financial, Inc.
Friday December 15, 10:05 am ET
Software Factory Employs More Than 120 Engineers Developing Software in Java and Microsoft ASP Technologies
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today released an update on progress and the business plan in Latin America for 2007. NewMarket recently announced a letter of intent agreement to merge its Latin American operations into Paragon Financial, Inc (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations located in Venezuela, Brazil and Chile.
Latin America Expansion in 2007
In 2006, NewMarket's operation in Brazil established a Software Factory to do development and customizations on demand for the customers of large US software companies operating in Brazil. Today, the operation employs more than 120 development engineers developing software in Java and Microsoft ASP technologies. In 2007, the Software Factory operation has plans to increase more than 50 percent and to expand development and customization work to use other languages and technologies. Currently, the Software Factory has software development contracts with Oracle (NasdaqGS:ORCL) and Baan Software, among other clients.
CEO Philip Verges to be Interviewed on MN1 at 9:30 AM CST Today
Separately, CEO Philip Verges will be interviewed on Market News First (www.mn1.com) with the MN1 news team in an audio/video format at 9:30 AM CST today.
Recent NewMarket Technology, Inc. Announcements
* NewMarket was recognized this year by Deloitte as the 5th fastest growing technology company in North America
* CEO Philip Verges recently purchased 1 million shares of NewMarket
* Increased its revenue forecast for their recently listed NewMarket China operations (OTCBB:IICP - News) to $40 Million for 2007 vs. $20 Million forecasted for 2006
* Record revenues of $18.9 million for the 3rd quarter of FY 2006 and revenue for first 9 months 2006 up 53% from first 9 months of 2005 ($53.2m v. $34.8m)
* Year-to-date net income of $2.7 million -- up 127% over first nine months 2005 ($2.7m v. $1.2m) after currency translation
* Company on track to meet forecast of $70 million in revenue for 2006
* 2007 revenue forecast currently at $120 Million without any acquisitions with confidence in forecast derived from company's $200 million pipeline of potential revenue being pursued
* Shareholder equity up over $41 million at the end of the 3rd quarter, up 45% from same quarter last year ($41.3m v. $28.5m)
Beacon Equity Research Report
Beacon Equity Research recently released an research update on NewMarket Technology recently, stating, "The latest announcements on merging NewMarket's Latin American operations into Paragon Financial (OTC:PGNF - News) along with the most recently announced planned combination of its WiFi's investments into Diamond I (OTCBB:DMOIE - News) further validates our confidence in reiterating our Outperform rating and price target of $0.78 on NewMarket's stock." Beacon summed up their research note with, "NewMarket has reiterated its optimistic outlook with a FY07 revenue forecast of $120 million purely from organic growth and assuming no acquisitions. Given NewMarket's legacy of rapidly growing through both organic growth and acquisitions, if the company is successful in meeting its projections then our forecast may prove conservative."
About NewMarket Technology
I guess so :)
go NMKT!!
this sounds very good
never thought I would say this but shortsqueeze at .3875 is afterall maybe a joke.
cause why stop at 38 with no ask left..??
I believe in the FTDs but I start to wonder who really controls this stock??
nope..!!!
i'm sick as a dog
i dont believe this anymore
half a cent from squeeze??? and down again... yeah right
no normal shareholder or trader would sell now..
.37 and people sell
no one believes this.. I dont know who is doing this..but it makes ZERO sense to me
this morning we were 3 cts from squeeze
now we wait for weeks till next chance
they were this close to a squeeze at 38 and they let go???
it was 355 bid.. not much left on ask till 38..so why let go
second your short summery !!
yep
good PR , not many new things.. the programm really had a good feeling about Pihl and NMKT.
tomorrow more on the town hall meeting and plans New orleans
they now fight like hell the shorts to stop it around .35
.345 ..its gettng closer and closer..but I'm not gonna throw a party before my birthday:)
it needs to beat 0.34 at close ..than VERY squeezy like
squeeze at 0.3875
expect an quick shareprice increase above .34 .35
but first we must get there
then it will take you at least a couple of years in this stock:)
Agree, 1 million shares isnt that much????
I can give you many many many companies where the CEO hasnt invested 300.000 dollar and the rest of his own money..
NOW he bought the shares and again its not good:)
come on people ..PV has bought the shares in open markt and not just a few but 1 million !!
This one is teribly undervalued and sooner or later the FTD's will be slaughtered which will give a huge increase in shareprice.
To be honest I dont get why its taking so long..
looks to me plain and simple TA ..
only thing I give you credit for is that management SAYS it is in business with an investment bank for sharepricealignment but not doing anything that is SHOWING they are..
hiphop
agreed.. but in your explanation revs and money from subs should be seen in the NMKT (parent) listing..
so this should rise significantly in the end.
:) is that all??:)
are there also people on this board, besides a couple WITH a brain?:)
thats not true
NMKTtothemoon, as you know by know I'm an investor too in NMKT and for now I keep believing strongly in the upside opportunities of the company and shareprice
what I do agree on with criticasters is that I sometimes would like to see more EFFORT to destroy this FTD's that are in this stock
I would like to see NMKT give US dividend in regular NKT shares ( not subs) to get more pressure on the Naked shorts
The trigger squeeze price is .3875 .,.and we saw what happened last time when the squeeze trigger was hit at 0.43 (it went to 70 intraday)..
I would like to see more gestures to existing shareholders and their ' frustrations' of seeing a shareprice decline and decline over the months..
sure..if you have half a brain you know its mainly due to FTDs..but they are been given the chance to do so due to the lack of methods from NMKT to DRIVE them out.,
instead of doing that..by diluting and postponing dividend and upgraded listing difficulties , NMKT management have given them even more bate to naked short this one.
and now they are paying the price.. and we do too. Management is aware of their own "hand" in this one.. but what I want to see happening is that they 110% start to turn this around.
If they have some investment banks that should work out shareprice alignment than start working to squeeze this guys out.. by producing following steps
* dividend in NMKT stock
* deals revenues (acquisitions)
* or more simple.. let investment banks squeeze out the NS
p.s. the movement in shareprice I see is only TA based.. and is well under control by the Naked shorts ..cause THEY MAKE the TA how they want it to.
:) we'll see.. I think a lot of people dont understand the FTD's out there and how they work
nobody believes this anymore:) its following TA instead of FA now
after thursdays doji closing..:)
idiots:)
will be the 3 rd subsidiary.. furthermore 38 squeeze trigger and nobody is buying?:)
thank you in advance
100 dropped per second.. (100 shares every second sold on the bid)
who's doing this and why?
If you see him ...
ask him about the listing upgrade?
( what is there plan?)
gotta go now..
again..have a nice weekend
yep... I do believe something will be presented there...
wish you all a good weekend !!
you mean Philip ? Verges
I dont know.. Lots of good news, good analyst report. NMKT management that has investment banks that should work to price share alignment..
now they KNOW where the squeeze is..and nothing happens?
For this week and today I give up.. I dont get it anymore.
where the hell are they waiting for... just kick them out:)
shouldnt be too difficult to create an organisez attack from some institutions
told you this was real..and I really think there are even more FTDs out there.
what I dont understand what are we waiting for??