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.
IBZC no bid, ask 2.00 vol 10,000
IBZC no bid, ask 2.00 vol 10,000
IBZC no bid, ask 2.00 vol 10,000
IBZC 4-1 F/S 8/19/04, new name: Artec Inc (ATKJ)
IBZC 4-1 F/S 8/19/04, new name: Artec Inc (ATKJ)
IBZC 4-1 F/S 8/19/04, new name: Artec Inc (ATKJ)
Me neither, thought about it but didn't. where's that time machine when you need it lol
BSIO ut .061 X .065
BSIO locked at .065 for awhile, went to .068 to buy
didn't see the news before
Cap, has there been a new delay
GVTS, post with info:
Posted by: Capstar
In reply to: None Date:8/9/2004 1:05:02 PM
Post #of 690
.09 X.10 ~~~ Moving off bottom w/news expected: http://stockcharts.com/def/servlet/SC.web?c=gvts ...Anticipation rose in February on News of...Acquisition LOI and re-vamped BizPlan...Unfortunately the key "Deal" to get it started was delayed and it went into a 5 month sell-off...Fast-forward to July 28th...the "Deal" gets final approval and Management claims it will be finalized Aug 18th...also that it'll only add 6M to their current 24M OS...Company wants the pps up before announcements and IMO could easily see a pre-PR level of .15-.20¢...Once the .08-.10's get cleaned-out it'll move to .14¢ and the Company has kept the Share Structure straight 'n clean so it moves fast w/volume...Besides closing the "Deal" on the 18th, they also expect to have the Acquisition vended in...and to be re-listed back on OTCBB...Kinda the "Grand Slam" of announcements!...Staying Tuned...Cap
GVTS ut .09 X .105
Cap getting closer to your opinion the last few days:
IMO we could easily see a .15-.20¢ pre-PR level
added a couple more at .10
GVTS added a couple at .10
ITSZ was .20 in April after previous aquisition was announced, that was rescinded, merger announced today, last at .035. From the news today:
With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management.
news: http://biz.yahoo.com/bw/040805/55693_1.html
the news came out later in the day today at 2:42
ITSZ was .20 in April after previous aquisition was announced, that was rescinded, merger announced today, last at .035. From the news today:
With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management.
news: http://biz.yahoo.com/bw/040805/55693_1.html
the news came out later in the day today at 2:42
ITSZ was .20 in April after previous aquisition was announced, that was rescinded, merger announced today, last at .035. From the news today:
With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management.
news: http://biz.yahoo.com/bw/040805/55693_1.html
the news came out later in the day today at 2:42
ITSZ was .20 in April after previous aquisition was announced, that was rescinded, merger announced today, last at .035. From the news today:
With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management.
news: http://biz.yahoo.com/bw/040805/55693_1.html
the news came out later in the day today at 2:42
Merger news today 8/5 at 2:42
ITSZ merger news at 2:42 today:
ITOS Inc. Signs Definitive Merger Agreement with Satellite Phone Source
NEWPORT BEACH, Calif.
Pegasus Capital Inc. for ITOS Inc.
Raymond J. McNamee, 949-706-0141
ITOS Inc. (Pink Sheets:ITSZ) has entered into a definitive merger agreement to acquire 100 percent of the shares in Satellite Phone Source. All interim officers and directors of ITOS will resign immediately and Stan F. Wilson Jr. will be appointed chairman, president and CEO, while Marc J. Caparrelli is to be appointed secretary/treasurer.
"We are extremely excited about this transaction," stated Wilson. "Our company is in a high growth stage and in an industry that is highly fragmented. This merger with ITOS will enable us to roll-up several competitors that provide synergy to our current structure. With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management. Loans were made to IT Outsource Inc. and at the time of dissolution, the company was left with these liabilities. "In fairness to new management," stated a company spokesperson, "we felt that the company needed a fresh start. It is unfortunate that the situation had to arise in the first place, but now we can all move ahead. Satellite Phone Source gives us a tremendous opportunity to grow this company quickly through acquisitions."
Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Copyright © 2004 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2004 Interest!ALERT All rights reserved.
ITSZ merger news at 2:42 today:
ITOS Inc. Signs Definitive Merger Agreement with Satellite Phone Source
NEWPORT BEACH, Calif.
Pegasus Capital Inc. for ITOS Inc.
Raymond J. McNamee, 949-706-0141
ITOS Inc. (Pink Sheets:ITSZ) has entered into a definitive merger agreement to acquire 100 percent of the shares in Satellite Phone Source. All interim officers and directors of ITOS will resign immediately and Stan F. Wilson Jr. will be appointed chairman, president and CEO, while Marc J. Caparrelli is to be appointed secretary/treasurer.
"We are extremely excited about this transaction," stated Wilson. "Our company is in a high growth stage and in an industry that is highly fragmented. This merger with ITOS will enable us to roll-up several competitors that provide synergy to our current structure. With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management. Loans were made to IT Outsource Inc. and at the time of dissolution, the company was left with these liabilities. "In fairness to new management," stated a company spokesperson, "we felt that the company needed a fresh start. It is unfortunate that the situation had to arise in the first place, but now we can all move ahead. Satellite Phone Source gives us a tremendous opportunity to grow this company quickly through acquisitions."
Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Copyright © 2004 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2004 Interest!ALERT All rights reserved.
ITSZ merger news at 2:42 today:
ITOS Inc. Signs Definitive Merger Agreement with Satellite Phone Source
NEWPORT BEACH, Calif.
Pegasus Capital Inc. for ITOS Inc.
Raymond J. McNamee, 949-706-0141
ITOS Inc. (Pink Sheets:ITSZ) has entered into a definitive merger agreement to acquire 100 percent of the shares in Satellite Phone Source. All interim officers and directors of ITOS will resign immediately and Stan F. Wilson Jr. will be appointed chairman, president and CEO, while Marc J. Caparrelli is to be appointed secretary/treasurer.
"We are extremely excited about this transaction," stated Wilson. "Our company is in a high growth stage and in an industry that is highly fragmented. This merger with ITOS will enable us to roll-up several competitors that provide synergy to our current structure. With our aggressive strategy, we believe we can become one of, if not the largest independent players in North America." It is expected that the merger will close within the next two weeks.
Satellite Phone Source is a leader in satellite phone sales and rentals. The company has provided phones to Fortune 500 companies, the U.S. military and small businesses and consumers throughout North America. A complete list of their products and services can be found at www.satellitephonesource.com.
In other news, ITOS announced that it has retired 100 percent of the debt left behind by previous management. Loans were made to IT Outsource Inc. and at the time of dissolution, the company was left with these liabilities. "In fairness to new management," stated a company spokesperson, "we felt that the company needed a fresh start. It is unfortunate that the situation had to arise in the first place, but now we can all move ahead. Satellite Phone Source gives us a tremendous opportunity to grow this company quickly through acquisitions."
Disclaimer: The company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Copyright © 2004 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2004 Interest!ALERT All rights reserved.
GVTS ut .08 X .10
GVTS ut .08 X .10
.08 X .10
.07 X .085
A post here indicates:
--approx 25mm shares out right now and might go up to 32 within 12 months--
not 100 billion
with all due respect, I never respond to someone's post in what may appear in a negative manner, but when someone's favorites stocks include CMKX(with all the shares that it has), I think I'll stick my with original thoughts on this stock. everyone's entitled to their own opinions, I am very comfortable with my position here and may add more. yes it is pink, but pinks can certainly move, look at AUML. Not suggesting this will move like AUML, but to indicate that pink stocks can certainly move. Best wishes, jmo
Vol up, been watching this one and with the vol spike, jumped in.
GVTS vol up
GVTS Volume up
VOLT Gets $210 Million Dollar Coal Order
Wednesday August 4, 8:30 am ET
OAKHURST, Calif.--(BUSINESS WIRE)--Aug. 4, 2004--VOLT INC. (OTCBB:VOLT - News) announced today that it has received a SALES AND PURCHASE AGREEMENT FOR COAL ORE to be sold and delivered on an FOB basis to buyer in the amount of (10,000,000) TEN million metric tons of coal for 84 months with options to renew at year(5)five of the term. The contract calls for a minimum 55,000 tons per month +/-5% be delivered at $21 dollars per ton for a total contract price of $210 million dollars. Revenue on a monthly basis from the order will be between $1 million and $3 million dollars dependent on site loading, labor ,work, shipping, permits, and weather conditions. Payments on delivery will be serviced from a letter of credit posted by the buyer and drawn on a major bank. Sunvolt will oversee the day to day operations which will be managed by Lancaster International Corporation. The contract calls for the delivery of the coal to begin within 120 days and the company expects to meet the requirements and specifications of the order on a timely basis.
The company is actively engaged in negotiations for additional coal orders and sites.
VOLT INC. is a power provider and marketer of alternative energy and financial services.
FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE REGARDING VOLT INC ARE MADE PURSUANT TO THE 'SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. INVESTORS ARE CAUTIONED THAT SUCH FORWARD LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES AS FURTHER DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES EXCHANGE COMMISSION AS A RESULT THERE CAN BE NO ASSURANCE THE COMPANY'S FUTURE RESULTS WILL NOT BE MATERIALLY DIFFERENT FROM THOSE PROJECTIONS. THE COMPANY HEREBY DISCLAIMS ANY OBLIGATIONS TO ANY SUCH STATEMENTS TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS OR ANY CHANGE IN EVENTS CONDITIONS OR CIRCUMSTANCES ON WHICH THIS STATEMENT IS BASED.
--------------------------------------------------------------------------------
Contact:
VOLT INC.
Denis Costa, 559-692-2474
volt@sti.net
--------------------------------------------------------------------------------
Source: VOLT INC.
VOLT Gets $210 Million Dollar Coal Order
Wednesday August 4, 8:30 am ET
OAKHURST, Calif.--(BUSINESS WIRE)--Aug. 4, 2004--VOLT INC. (OTCBB:VOLT - News) announced today that it has received a SALES AND PURCHASE AGREEMENT FOR COAL ORE to be sold and delivered on an FOB basis to buyer in the amount of (10,000,000) TEN million metric tons of coal for 84 months with options to renew at year(5)five of the term. The contract calls for a minimum 55,000 tons per month +/-5% be delivered at $21 dollars per ton for a total contract price of $210 million dollars. Revenue on a monthly basis from the order will be between $1 million and $3 million dollars dependent on site loading, labor ,work, shipping, permits, and weather conditions. Payments on delivery will be serviced from a letter of credit posted by the buyer and drawn on a major bank. Sunvolt will oversee the day to day operations which will be managed by Lancaster International Corporation. The contract calls for the delivery of the coal to begin within 120 days and the company expects to meet the requirements and specifications of the order on a timely basis.
The company is actively engaged in negotiations for additional coal orders and sites.
VOLT INC. is a power provider and marketer of alternative energy and financial services.
FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE REGARDING VOLT INC ARE MADE PURSUANT TO THE 'SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. INVESTORS ARE CAUTIONED THAT SUCH FORWARD LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES AS FURTHER DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED WITH THE SECURITIES EXCHANGE COMMISSION AS A RESULT THERE CAN BE NO ASSURANCE THE COMPANY'S FUTURE RESULTS WILL NOT BE MATERIALLY DIFFERENT FROM THOSE PROJECTIONS. THE COMPANY HEREBY DISCLAIMS ANY OBLIGATIONS TO ANY SUCH STATEMENTS TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS OR ANY CHANGE IN EVENTS CONDITIONS OR CIRCUMSTANCES ON WHICH THIS STATEMENT IS BASED.
--------------------------------------------------------------------------------
Contact:
VOLT INC.
Denis Costa, 559-692-2474
volt@sti.net
--------------------------------------------------------------------------------
Source: VOLT INC.
GL Nominee:
MDDMShockRounds(TM) Non-Lethal 'Electric' Bullets Seek European and Global Interest
ShockRounds(TM) - A Breakthrough Law Enforcement Weapon That Also Addresses Homeland Security and Terrorism DALLAS, TX - MARKET WIRE - 06/24/04
MDM Group, Inc. (OTC: MDDM) advises now that the Company has progressed to its ShockRounds(TM) project development stage being ready for commencement, it is seeking expressions of interest from European and other global industry parties that have an interest in future ShockRounds(TM) representation, licensing and/or manufacturing. Following recent and significant inquiries and positive support, the Company is now looking to expand ShockRounds(TM) awareness and interest globally through the establishment of strategic relationships during the development stage. The initial non-lethal and less-than-lethal ShockRounds(TM) prototype "electric" bullets have been commissioned and the company expects to have the first of these specialized piezoelectric bullets ready for demonstration during the course of Q4, 2004.
ShockRounds(TM) is a potential breakthrough in non-lethal and less-than-lethal "electric" ballistic products for law enforcement, military, anti-terrorism and Homeland Security initiatives due to their versatility, effectiveness and multiple applications. When fired, a ShockRounds(TM) specialized bullet generates an extremely high voltage charge that is released upon impact, causing immediate target incapacitation. See: www.shockrounds.com
In a manner similar to stun guns and "Taser" technology, a ShockRounds(TM) bullet discharges an electrical shock upon impact and disrupts the nervous system. Unlike stun guns and Tasers however, the kinetically generated charge is delivered via a modified metal or rubber bullet fired from existing standard issued weapons without the use of capacitors or batteries. ShockRounds have the potential to immediately incapacitate the target via electric shock and, even though the disruptive effects are only temporary as with stun guns and Tasers, experts confirm the less-than-lethal results have great potential to positively affect the outcome of an engagement.
ShockRounds(TM) are positioned as more versatile with more applications than other non-lethal and less-than-lethal products available today. For example, the ShockRounds(TM) rubber bullets can incapacitate a target at up to 100 meters, whereas traditional rubber bullets are largely ineffective at their maximum range of about 40 meters. Further, ShockRounds(TM) rubber bullets are fired from existing standard weapons and are not restricted to close range usage, as is the case with stun guns and products such as the "Taser" gun, which is limited to about 6.5 metres and requires a direct wire to the target.
ShockRounds(TM) bullets use the "piezoelectric effect" to generate a high voltage charge in the order of 50,000 volts, with some 175 joules of usable charge. (As a point of comparison, electric fences typically operate at approximately 10 - 25 joules per second.) The global piezo industry has evolved substantially since its discovery decades ago and the more recent introduction of new piezo materials and innovations have allowed ShockRounds(TM) to produce very high levels of voltage capable of incapacitating a target upon impact.
ShockRounds(TM) "electrified" standard bullets and rubber bullets have the potential to:
-- Make law enforcement safer and more certain
-- Save lives and reduce collateral damage
-- Reduce injuries and fatalities
-- Enable far better control and effective security enablement in
aircraft, public places, arenas etc.
-- Contribute to effective anti-terrorism and border control solutions
-- Reduce legal liability
Given the global emphasis on law enforcement, security and terrorism prevention, the need for new and more effective non-lethal and less than lethal weapons could not be more acute. ShockRounds(TM) technology is applicable to a wide range of markets and security needs, introducing far more application and versatility to this market sector.
Please direct all industry inquiry to Mr. Marshall Couper at marshall.couper@shockrounds.com in the first instance.
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: www.shockrounds.com and www.mdmgroupinc.com or email: info@shockrounds.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Copyright © 2004 Market Wire
News Copyright © 2004 Interest!ALERT All rights reserved.
NewMarket Technology Inc. and LOGICORP Data Systems Ltd. Announce 51% Stock Acquisition of LOGICORP; Combined Annualized Revenues Reach $40 Million
8/3/2004 12:56:00 PM
Acquisition and Over $10 Million in Sales Pipeline for Q3 and Q4 Solidifies Confidence in Meeting 2004 Annualized Revenue Run Rate of $50 Million
DALLAS, Aug 3, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. ( NMKT ) and LOGICORP Data Systems Ltd. announced today that NewMarket has acquired 51% of LOGICORP in a Stock Acquisition.
The acquisition of LOGICORP Data Systems Ltd. includes the acquisition of LOGICORP Services Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same management to provide clients comprehensive information technology integration and support services.
NewMarket acquired 51% of the issued and outstanding stock of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in cash and $1 million will be paid according to the terms of a $1 million, 24-month promissory note. The entire $2.1 million payment will be directed by the sellers to LOGICORP as new working capital for the Corporation.
NewMarket and LOGICORP have been in discussions since early this year. The two organizations entered into an initial Letter of Intent (LOI) agreement in May. An updated LOI was executed on June 30 following a mutual due diligence engagement. In light of the prevailing financial markets and in a mutual commitment to a common business vision, NewMarket and the LOGICORP shareholders agreed to a further modification of the acquisition terms previously updated on June 30. In the acquisition announced today, NewMarket has exchanged only cash and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has not issued any NewMarket stock in this transaction. LOGICORP management and shareholders have the opportunity to receive NewMarket stock based on the operating performance of LOGICORP over the next twelve months. Provided LOGICORP achieves a minimum of $18 million in sales with operating profit of break even or better in the twelve months following this initial stock acquisition, the LOGICORP shareholders will be eligible to receive $1.9 million in NewMarket stock in exchange for the remaining 49% of the issued and outstanding LOGICORP stock.
About LOGICORP ( www.logicorp.ca/)
LOGICORP is an IT service provider with offices in Calgary, Edmonton, Toronto, and Vancouver. Established in 1988, LOGICORP serves small, medium, and large organizations in the corporate, government, and educational sectors with a competitive and innovative IT business solution. LOGICORP excels in Server Based Computing, Storage, Enterprise and Operating Software, Internetworking Technology, and Microsoft Business Solutions (Great Plains and CRM). LOGICORP also offers full service planning, procurement, configuration, licensing, and maintenance programs.
About NewMarket Technology Inc. ( www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications ( Q ). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
NewMarket Technology Inc. and LOGICORP Data Systems Ltd. Announce 51% Stock Acquisition of LOGICORP; Combined Annualized Revenues Reach $40 Million
8/3/2004 12:56:00 PM
Acquisition and Over $10 Million in Sales Pipeline for Q3 and Q4 Solidifies Confidence in Meeting 2004 Annualized Revenue Run Rate of $50 Million
DALLAS, Aug 3, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. ( NMKT ) and LOGICORP Data Systems Ltd. announced today that NewMarket has acquired 51% of LOGICORP in a Stock Acquisition.
The acquisition of LOGICORP Data Systems Ltd. includes the acquisition of LOGICORP Services Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same management to provide clients comprehensive information technology integration and support services.
NewMarket acquired 51% of the issued and outstanding stock of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in cash and $1 million will be paid according to the terms of a $1 million, 24-month promissory note. The entire $2.1 million payment will be directed by the sellers to LOGICORP as new working capital for the Corporation.
NewMarket and LOGICORP have been in discussions since early this year. The two organizations entered into an initial Letter of Intent (LOI) agreement in May. An updated LOI was executed on June 30 following a mutual due diligence engagement. In light of the prevailing financial markets and in a mutual commitment to a common business vision, NewMarket and the LOGICORP shareholders agreed to a further modification of the acquisition terms previously updated on June 30. In the acquisition announced today, NewMarket has exchanged only cash and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has not issued any NewMarket stock in this transaction. LOGICORP management and shareholders have the opportunity to receive NewMarket stock based on the operating performance of LOGICORP over the next twelve months. Provided LOGICORP achieves a minimum of $18 million in sales with operating profit of break even or better in the twelve months following this initial stock acquisition, the LOGICORP shareholders will be eligible to receive $1.9 million in NewMarket stock in exchange for the remaining 49% of the issued and outstanding LOGICORP stock.
About LOGICORP ( www.logicorp.ca/)
LOGICORP is an IT service provider with offices in Calgary, Edmonton, Toronto, and Vancouver. Established in 1988, LOGICORP serves small, medium, and large organizations in the corporate, government, and educational sectors with a competitive and innovative IT business solution. LOGICORP excels in Server Based Computing, Storage, Enterprise and Operating Software, Internetworking Technology, and Microsoft Business Solutions (Great Plains and CRM). LOGICORP also offers full service planning, procurement, configuration, licensing, and maintenance programs.
About NewMarket Technology Inc. ( www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications ( Q ). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
FATS, may have news soon per this post, down from around 1.00 approx last mo
By: scotsman15
24 Jul 2004, 01:47 PM EDT
Msg. 2477 of 2500
(This msg. is a reply to 2476 by Plainsman.)
Jump to msg. #
If I'm reading this one right Plainsman, it seems to be a relatively small one. They may just wait until the one expected to be awarded on or about 8-2 is inked and lump them together in one PR. Of course, I'm just guessing here.
lol that's quite an accomplishment
lol. know one can flip some and money can be made on high floats but for some reason its extremely rare for me to buy a stock with a large float. just my preference. don't know what their float is, but just by looking at the quote and vol, it must be big. DD'ing NMKT this weekend, among others, old IPVO I guess. Just started trading actively again fairly recently and getting to know all the regulars.