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Congrats to you too Augie
Hi Augie, thanks....you too!
Things are fine. I've been around just lurking in the background. Let's hope 2005 is prosperous for us all!
EVEN has been bashing NMKT for over a year now.
Its always the same old thing. He has successfully bashed NMKT from $0.27 to $0.74 missing out on nearly 300% returns.
His credibility is zero.
Dreaming of Dollars, you are better off trying to call
Rick Lutz. Keep calling....you will get through.
I've called him several times before. I dont always get him the first or second time. When I do get him, if he is busy, he is really good about scheduling a time to call back.
There was also a new power point presentation.
At least, I got a new one in my email today. I can't say it was "totally" new. It was very similar to ones in the past.
Here is a statement from Verges:
“NewMarket is establishing the standard for the next generation of technology innovation. We have chosen to be trend setters. We know this is not an easy path. The financial market that technology innovation depends on, is resistant to change. Investment professionals typically look for historical trends and have difficulty assessing emerging trends. The naysayers are often times far more vocal than the watch-and-see optimists. Such criticism tests both the resolve of management and shareholders alike. As a Micro-Cap company, we have started on the OTCBB. In addition to enduring the unique challenges of a trend setter, we also endure those challenges common to the OTCBB. While the OTCBB is an ideal exchange for a Micro-Cap strategy, trading activity increases are regularly rewarded with hedging abuse. The plan for NewMarket is long-term. For the last two years, we have concentrated on building the NewMarket platform. The investment return opportunities have not yet begun in earnest. The NewMarket business foundation is well underway. Management optimism and resolve are resilient as it is clear to us that we are executing our plan and building shareholder value. We are more confident then ever in the plan. We are committed to establishing the new standard for the next generation of technology innovation. Again, we know the path is not easy, but management and shareholders alike will benefit as we continue to build this Company’s revenue and profits. We enthusiastically welcome your interest and support in the NewMarket vision.”
Philip M. Verges
CEO, NewMarket Technology
azpete, I think you answered your own question
Anticipation of the 10QSB and other types of news
Sensitron News...
http://biz.yahoo.com/bw/041109/95791_1.html
Press Release Source: Sensitron, Inc.
El Camino Hospital CEO Lee Domanico Joins Sensitron's Advisory Board
Tuesday November 9, 11:49 am ET
Hospital Executive Brings Healthcare and Technology Experience to Wireless Company
SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 9, 2004--Sensitron, Inc., a wireless healthcare innovations company, announced that Lee Domanico, CEO of El Camino Hospital in Mountain View, Calif., has joined its advisory board.
"Lee is a great addition to Sensitron's advisory board. With his experience in implementing technology in healthcare environments, he can help guide us in our mission to improve healthcare through the use of wireless technology solutions," said Rajiv Jaluria, president and CEO, Sensitron.
Domanico has spent the last four of his 25 years in healthcare at El Camino Hospital (ECH), a 411-bed non-profit facility. Prior to ECH, Domanico was senior vice president of Tenet HealthSystem Corp.'s Pennsylvania Region. He also held executive positions for several other hospitals and health systems, including Alexian Brothers hospitals in San Jose and Chicago, Delta Memorial Hospital in Antioch, Calif., USC University Hospital, and other Tenet hospital systems in Los Angeles and Chicago.
Domanico earned an M.S. in industrial engineering from Stanford University and graduated from the University of Michigan with a B.S. in industrial engineering in 1974.
ECH is one of several hospitals that have deployed Sensitron's careTrends(TM) Wireless Bridge system to improve patient safety while saving money and making ECH more efficient. The careTrends system enables medical staff to provide improved patient care efficiently through fast access to accurate data. The unique system automatically captures and wirelessly transmits patient vital signs and other clinical data into the health facility's clinical information systems.
About Sensitron, Inc. (www.sensitron.net)
Sensitron, Inc., based in San Mateo, Calif., is a wireless healthcare innovations company that has developed the careTrends(TM) Wireless Bridge system. The system minimizes transcription errors and eliminates lag time between the reading, capture, and documentation of clinical data. This is accomplished by communicating vital signs and other data from wirelessly enabled point-of-care medical devices at the bedside. Sensitron, founded in 1997, is a privately held company, and is backed by and in partnership with NewMarket Technology, Inc. (OTCBB:NMKT - News). careTrends(TM) is a trademark of Sensitron, Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 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. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of over $40 million.
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.
--------------------------------------------------------------------------------
Contact:
Sensitron, Inc., San Mateo
Deborah Siegle or Samir Jaluria, 650-232-2330
samir@sensitron.net
or
NewMarket Technology, Inc., Dallas
Investor Relations, 972-386-3372 ext. 211
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
Dreaming of Dollars
There was an article that was written by Verges called "In Praise of the OTCBB". It came out sometime in the summer (June) around the time NMKT was complaining about the Berlin exchange and the offshore short sellers.
EVEN likes to point out the contradiction how Verges would blame the berlin exchange for the short selling and the lack of regualtion in the OTCBB markets yet write an article praising the OTCBB for small cap business entraprenuers.
Here is the link:
http://www.ipvoice.com/press_article.asp?id=142
You can formulate your own opinion about it. I have my own. Frankly, I dont care. But many people like EVEN, Tsheri, and Wall St point to it as an example of how "bad" Verges is.
Gitimancip...The amex theory is that
If/when NMKT moves to the AMEX there will be a little more liquidity, it will be a little harder to short, and supposedly harded for the offshore shorts to do their dirty work. The other part of the theory is that by being on the AMEX it will attract new investors and a new style of traders.
Whether or not any of the theory will prove to be true is anothe story. But most people including myself view a move to the AMEX as a positive. Even if it is only from a perception point of view. The perception of being on the AMEX as opposed to the OTCBB could help.
Press Release Source: NewMarket Technology Inc.
http://biz.yahoo.com/bw/041104/45599_1.html
NewMarket Technology Announces 2nd Investor Trade Mission to China in January
Thursday November 4, 11:09 am ET
With 1000% 12 Month Growth in U.S. NewMarket Plans 2005 Repeat in China
CEO to Present NewMarket's China Plans in FL, CA and TX; Chinese Partners and Management to Present at Shareholder Town Hall Dec 9th
DALLAS--(BUSINESS WIRE)--Nov. 4, 2004-- NewMarket Technology Inc. (OTCBB:NMKT - News) announced plans today for a second Investor Trade Mission to China scheduled for the week of January 17th. In addition, NewMarket will realize better than 1000% revenue growth in 2004 on an innovative business model that introduces promising new emerging technologies. The Company reported $2.3 million in profitable revenue in 2003 and will report over $24 million in revenue in 2004. NewMarket has already established operations in China and has a goal of duplicating the Company's U.S. revenue growth in China. NewMarket recently led a Trade Mission to China in October and the overwhelmingly positive response compelled NewMarket to organize a January Trade Mission.
ADVERTISEMENT
CEO's NewMarket China Presentation
In preparation for the January Trade Mission, Philip Verges, the CEO of NewMarket Technology, will present to interested investors on NewMarket's plans for China. Mr. Verges will present in Boca Raton on November 17th; San Francisco on December 13th and in Orange County on December 14th. Plans for China in 2005 will also be addressed at the Shareholder Town Hall in Dallas on December 9th. In Dallas, Mr. Verges will be joined by NewMarket's China business partners and the NewMarket China management team.
NewMarket's Chinese Partners
NewMarket has entered into a definitive letter of agreement to acquire Gaozhi Communications in Shanghai, China. Gaozhi Communications is currently operated by Gaozhi Science and Technology Development Ltd. NewMarket will acquire a majority interest in Gaozhi Communications for cash and Gaozhi Science and Technology will remain as the second largest shareholder.
NewMarket Shareholder Town Hall
NewMarket Technology, Inc. has scheduled on December 9th the third annual Shareholder Town Hall Meeting intended as a venue to review with shareholders the details regarding the Company's 2004 performance and business plan for 2005. NewMarket is on track to achieve $24 million in booked revenue for 2004. In the first six months of 2004, the Company exceeded $10 million in revenue with a second quarter loss of $75,000. The Company forecasts a profitable annualized revenue run rate of over $50 million by year-end. Based on the Company's sales pipeline and corporate plans, NewMarket will attain $75 million in profitable revenue in 2005. A preview of what can be expected at the Annual Town Hall Meeting can be heard in a recent audio interview of CEO Philip Verges by the Wall Street Reporter (www.wallstreetreporter.com).
The Town Hall Meeting will begin at 2:00 pm Central time in Dallas at the Westin Galleria Hotel. The Meeting is open to shareholders, analysts, media and the investment community-at-large. NewMarket has negotiated a discounted room rate at the Westin for out of town meeting attendees for the night of Dec. 9th. The Company is encouraging an overnight stay so meeting attendees can also participate in a Dec. 10th morning tour of NewMarket's business operations local to the Dallas area. The Company will host a casual dinner for all attendees after the Town Hall meeting on the evening of Dec. 9th.
Contact Information
Those interested in attending the Shareholder Town Hall Meeting, or attending one of the CEO's NewMarket China Presentations, or in participating in the January Trade Mission can contact LC Group at 404-261-1196 or at ir@ipvoice.com for more information. An updated PowerPoint presentation on NewMarket Technology is available by request at ir@ipvoice.com. In addition, the PowerPoint Presentation used at the recent Atlanta Homeland Defense Conference is available from ir@ipvoice.com.
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 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. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of over $40 million.
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.
--------------------------------------------------------------------------------
Contact:
NewMarket Technology, Inc., Dallas
Investor Relations, 972-386-3372 ext. 211
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
--------------------------------------------------------------------------------
Source: NewMarket Technology Inc.
gitimancip...go to www.amex.com
At the bottom of the page click on site map
Next, click on listing process
Read Quantitative standard 3
Shareholders' equity $4 million
Total market capitalization $50 million
Distribution1 800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held, and average daily trading volume of 2,000 shares for previous 6 months
Market value public float $15 million
azpete0 go to www.amex.com click on site map (bottom of the page) then click on listing standards. Check out standard 3.
Xiptel, a Subsidiary of NewMarket Technology, Inc., Expands Roll Out of VoIP services In North America
Monday October 25, 12:21 pm ET
Xiptel Signs Estimated $1 Million Contract With NetFone Services Inc.
http://biz.yahoo.com/bw/041025/255884_1.html
DALLAS--(BUSINESS WIRE)--Oct. 25, 2004--NewMarket Technology, Inc. (OTCBB: NMKT - News) announced today its subsidiary, Xiptel Communications, a Voice over Internet Protocol (VoIP) service provider, has signed a contract to provide VoIP services to NetFone Services Inc. of Vancouver, British Columbia, worth an estimated $1 million over the next 3 years. Xiptel will be the underlying provider of VoIP services to NetFone for its roll out to consumer and business customers throughout Canada.
"Xiptel's services, based on BroadSoft's BroadWorks® network communications platform, offers NetFone a flexible and comprehensive mix of hosted residential and enterprise VoIP services bundles in their roll out of services to the Canadian market being launched in November", stated Peter Geddis, CEO of Xiptel. "Xiptel will provide a full range of VoIP telephone applications that will allow NetFone to bundle basic and advanced features tailored to the Canadian market."
"We are excited to see that Xiptel is being incorporated in the national rollout of NetFone Service's VoIP offering In Canada," said Philip Verges, CEO of NewMarket Technology. "We are confident that as the marketplace adopts Xiptel's VoIP services, sales momentum will continue to build. NewMarket is building a creative new approach to launching innovative emerging technology solutions," Verges explained. "We initiated this new business model just over two years ago with a unique VoIP offering as our maiden emerging technology launch. Our intention has been to build our innovative emerging technology solutions into independent publicly-listed companies. We are now on the verge of realizing our first independent public listing with the planned spinoff of our VoIP subsidiary. This is an exciting landmark event for the shareholders, employees, and management of NewMarket."
"As part of the NewMarket business model, Xiptel was able to construct what we believe to be the most robust and competitively priced VoIP business solution available," said Peter Geddis, CEO of Xiptel Inc. "The agreement between Xiptel and NetFone Services Inc. is the next major step in Xiptel's roll out of services throughout North America. NetFone Services is positioned to be a major player in the Canadian market, and we are pleased they chose Xiptel as the VoIP platform for their consumer and business customers."
Dr. Rafeh Hulays, CEO of NetFone Services Inc. stated "We are pleased with the agreement with Xiptel. Together, we were able to construct a business agreement that makes sense for both parties, providing NetFone Services a complete set of the most advanced features and services available in the market today."
About Xiptel (www.xiptel.com)
Founded in 2003, Xiptel is a leading provider of hosted Voice over the Internet Protocol (VoIP) and Internet Protocol (IP) Telephony services. Xiptel provides small and medium sized businesses, as well as consumers with bundled voice and enhanced services by working with license partners, and through other business relationships. By providing low cost and high value services via a centralized service platform, Xiptel is able to provide a turnkey solution and maximize value to customers and partners. Xiptel is a wholly owned subsidiary of New Market Technology (OTCBB: NMKT - News). For additional information about Xiptel's products and services, please visit http://www.xiptel.com
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 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. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of over $40 million.
About NetFone Services, Inc. (www.netFone.ca)
NetFone Services, Inc. provides voice over IP services in Canada to both the residential and business markets. NetFone is rolling out its service to more than 24 markets in Canada in the next few months covering 90% of the population. NetFone offers its services directly to end users or through channel partners.
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.
--------------------------------------------------------------------------------
Contact:
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
Rick Lutz
ir@ipvoice.com
or
NetFone Servics, Inc., Vancouver
Investor Relations, 604-676-3412
ir@netfone.ca
--------------------------------------------------------------------------------
Source: NewMarket Technology, Inc.
Dont you have anything better to do than bash a penny stock?
You have been at it for over 6 months. Its not getting you anywhere. You are not making any money (unless ofcourse you get paid to post or were short from $1).
You are on this personal crusade against NMKT and Verges on this board and raging bull. And you have the odasity to ask us if WE have anything better to do? Get over yourself.
Get a life. Find yourself a stock you like and invest in it. Stop wasting your time on a company and CEO you hate.
The O/S increased by 1.5 million shares to 70.9 million, at least according to Wall St Guru on the raging bull board. I have not called the TA to confirm but Wall St was right last time I will take his word.
BFD dude, 1.5 million shares. Is that supposed to cause a panic>? Are you trying to scare us into selling? Who cares? Are you just trying to be "spooky" for Halloween?
Really, its nonsense. Now if the O/S increases by 100 million shares overnight someday, you might get my attention. But 1.5 million shares? Dude, that is nothing.
thanks Dr. Dilution.
Some people here I guess just get a kick out of trying to scare other people. Well, at least the info is there, everyone can read it and make up their own mind.
Information on Infotel and other aquisitions
Infotel
http://www.sec.gov/Archives/edgar/data/1092083/000116894003000023/0001168940-03-000023.txt
10/15/03
Purchaser shall issue to the Creditor Representative, a number of
shares of its Series C Preferred Stock, $.001 par value and $1,000 issue amount per share, with an agreed value equal to $3.3 million (the "Purchaser Preferred Shares"), with the certificates representing such Purchaser Preferred Shares to be delivered in the names of those Creditors, and in the share increments, as instructed by Creditor Representative;
(b) Purchaser shall issue to Creditor Representative, one or more
promissory notes, substantially in the form of Exhibit B attached (the
"Notes"), in the aggregate principal amount of $700,000, with each such Note to be made in favor of the Creditors, and in a dollar increment, as instructed by Creditor Representative; and
(c) On the one year anniversary of the Closing, Purchaser shall issue to Creditor Representative an additional number of shares of its Series C Preferred Stock with a value equal to 12% of the aggregate issue price of the Purchaser Preferred Shares, as such aggregate issue price may be adjusted after giving effect to the application of Section 7.6.
MOS
2/10/04
http://www.sec.gov/Archives/edgar/data/1092083/000127907004000002/0001279070-04-000002.txt
(From 10QSB)
http://www.sec.gov/cgi-bin/browse-edgar?company=Newmarket+technology&CIK=&filenum=&State....
MOS
In February 2004, the Company entered into a purchase agreement to acquire 51% of the common stock of Medical Office Software, Inc., (MOS), a Florida corporation headquartered in Ft. Lauderdale, Florida. The purchase price is $1,000,000, payable by conversion of a $150,000 note that a major stockholder of MOS owes to VTI, a related party of the Company, $300,000 in cash and $550,000 , (550 shares), in shares of Convertible Preferred Stock of the Company.
DCI
3/11/04
http://www.sec.gov/Archives/edgar/data/1092083/000115752304002273/0001157523-04-002273.txt
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
IPVoice Communications, Inc. entered into a Stock Purchase Agreement with Digital Computer Integration Corp., under which IPVoice acquired 51% of Digital Computer Integration Corp. as described in the Stock Purchase Agreement.
IPVOICE COMMUNICATIONS, INC.
CONVERTIBLE PROMISSORY NOTE
$4,900,000 March 8, 2004
FOR VALUE RECEIVED, the undersigned, IP Voice Communications, Inc., a
Nevada corporation (the "Borrower"), promises to pay to the order of Digital Computer Integration Corp., a Texas corporation (the "Lender"), the principal amount of FOUR MILLION NINE HUNDRED THOUSAND NINE HUNDRED and 00/100 DOLLARS ($4,900,000) ("Principal"), with interest, upon the terms and conditions set forth in this Secured Convertible Promissory Note ("Note").
1. Interest. Interest shall accrue on an annual basis at a rate of four
percent (4%) and shall be due and payable on the Due Date (as defined below).
2. Payment. Payments of both Principal and interest under this Note
shall be made at the Lender's then-current address, or at such other place as the Lender shall designate in writing, in lawful money of the United States of America.
3. Maturity and Prepayment. Principal outstanding on this Note shall be
due and payable in full on March 8, 2006 (the "Due Date"). The Borrower may prepay this Note without penalty.
RKM IT
4/5/04
http://www.sec.gov/Archives/edgar/data/1092083/000115752304002999/0001157523-04-002999.txt
THIS PURCHASE AGREEMENT (this "Agreement") is made as of April 2, 2004,
by and between IPVoice Communications, Inc., a Nevada corporation ("Purchaser") and the stockholders of RKM Suministros C.A. ("RKM"), a Venezuelan corporation, listed on the signature page hereto (the "Stockholders").
1.2. Purchase Price. Subject to adjustment pursuant to Section 1.3 hereof, the purchase price (the "Purchase Price") for the Purchased Stock is $2,000,000, which shall be paid in the form of 2,000 shares of Series E Convertible Preferred Stock of the Purchaser (the "Preferred Stock"). The Purchase Price shall be paid at the Closing by issuing to each Stockholder that number of
shares of Preferred Stock, calculated to two decimal places, equal to 2,000 multiplied by such Stockholder's Overall Ownership Percentage set forth opposite such Stockholder's name on Exhibit A.
(c) In the event that the First-year Revenue is greater than
$2,000,000, then the Purchase Price shall be increased to $2,600,000 and the Purchaser shall issue a number of Purchaser's common stock, par value $0.001 per share, equal to the amount of $600,000, to the Stockholders (to be allocated among them in accordance with their Overall Ownership Percentages). The number of shares of common stock will be determined by dividing $600,000 by the average closing price for the common stock for the 30 days immediately preceding the first anniversary of the Closing Date (or if the common stock has not traded at anytime during that period, then the average closing price for the common stock for the most recent 30-day period preceding the first anniversary of the Closing Date during which there was any trading activity. Purchaser shall within 10 days upon determination of the First Year Revenue statement, deliver certificates representing such shares to the Stockholders'.
(d) In the event that the First-year Revenue is less than $2,000,000, then the Purchase Price shall be reduced to $1,600,000 and each Stockholder shall return to Purchaser a number of shares of Preferred Stock equal to such amount divided by $1,000 and multiplied by such Stockholder's Overall Ownership Percentage. The Stockholders will deliver certificate(s) representing such shares (or shares of Common Stock issued upon conversion thereof to Purchaser, and, in the event that such certificate(s) represents more than the number of shares required to be returned, Purchaser will issue new certificate(s) or the difference. In the event that a Stockholder does not so return uch certificate(s), Purchaser shall nevertheless be entitled to cancel such shares on its stock ledger and regard such shares as cancelled for all purposes.
NETSCO
http://www.sec.gov/Archives/edgar/data/1092083/000116415004000095/0001164150-04-000095.txt
6/11/04
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
IPVoice acquired 100% of the issued and outstanding stock of NETSCO Inc., a North Carolina corporation. IPVoice issued $3 million in preferred IPVoice stock with out registration rights for the underlying common shares.
Buyer will pay to Seller IPVoice Communications Inc. Preferred Stock Certificates totaling U.S. $3,000,000 (Three Million Dollars). The underlying Common Stock will not have registration rights. The sellers individually will be restricted from converting into any amount of Common Stock that would represent more than 4.9 % ownership of IPVoice Communications Inc. All share conversions described in this agreement shall maintain the same dollar value equivalency of the shares after conversion.
1.3. PURCHASE PRICE ADJUSTMENT.
(a) The original U.S. $3,000,000 (Three Million Dollars) sales price will be reviewed on the one year anniversary date of the sale. If the one year NETSCO Gross Revenues are greater than U.S. $1,000,000 (One Million Dollars), then the original sales price will be adjusted upward to an amount equal to the percent increase in Gross Revenues (provided all cash from sales is received within 180 days of the sale and Net
10QSB Review of previous acquisitions
8/12/04
http://www.sec.gov/cgi-bin/browse-edgar?company=Newmarket+technology&CIK=&filenum=&State....
Infotel
In July 2003, the Company agreed to a term sheet agreement to acquire 100% of InfoTel Technologies, Pte, Limited, a Singapore company, from the debt holders of Appiant Technologies, Inc. This acquisition was based on a $4,000,000 purchase price. The Appiant Debenture holders received 3,000 shares of Series C Convertible Preferred Stock of the Company valued at $3,000,000 and a promissory note for $1,000,000. Subsequently this was modified to $3,300,000 of preferred stock, (3,300 shares), and a $700,000 promissory note. There is a one year look-back holding that the Company common stock underlying the conversion of the preferred stock must have a value of $3,000,000, (now $3,300,000), or the Company is required to either pay the holders the difference between $3,000,000 and the market price in cash, or sell Infotel and apply the proceeds to pay the difference. The preferred stock is convertible, after one year and 100% after two years, at the lesser of the 20 day trailing average price per share of the common stock or $1 per share.
MOS
In February 2004, the Company entered into a purchase agreement to acquire 51% of the common stock of Medical Office Software, Inc., (MOS), a Florida corporation headquartered in Ft. Lauderdale, Florida. The purchase price is $1,000,000, payable by conversion of a $150,000 note that a major stockholder of MOS owes to VTI, a related party of the Company, $300,000 in cash and $550,000 , (550 shares), in shares of Convertible Preferred Stock of the Company.
RKM
In January 2004, the Company entered into a term sheet agreement to acquire 100% of the common stock of RKM Suministros, C.A., (RKMV), and RKM USA Corp., Inc., (RKMM). RKMV is a Venezuela corporation and is headquartered in Caracas. RKMM is a Miami based US corporation. The purchase price of RKMV is $2,000,000, to be paid in the form of shares of Series C Convertible Preferred Stock of the Company. The sales price is based on one times gross revenue. The sellers cannot convert for the first six months.
At the end of six months the seller can convert up to $600,000 worth of the preferred shares and an additional $400,000 after nine months and the balance after the first anniversary. The sellers are restricted from any conversions that would represent a greater than 4.9% stake in the then
issued and outstanding common stock of the Company. This agreement carries a one year look back with an adjustment in the sales price of a maximum of 30% upward, (maximum price of $2,600,000), and 20% downward, ($1,600,000 minimum price). This look back is based on the one year revenues of RKMV and RKMM for the immediately preceding 12 months. Revenue variations resulting in exchange rate fluctuations between the US dollar and Venezuelan Bolivare are specifically excluded for these purposes. In addition, there is a second look back provision, which allows for the reversal of some to all of the transaction if the Company common stock does not have a minimum of $20,000,000 in trading volume over the immediately
preceding 12 months.
If, during the first 12 months after closing, the Company experiences a change of control, the sellers conversion rights are immediately accelerated to 100%. If prior to the conversion of the Prefered stock, the Company is sold or otherwise no longer a publicly traded entity, the sellers may opt to reverse the acquisition. The purchase price of RKMM is $1. The Company is obligated to lend RKM $40,000 within 10 days, $30,000 within 60 days and $30,000 within 90 days after the closing. The Company is also obligated to lend RKM $1,000,000 in additional funds in conjunction with contracted projects which have a mimimum 25% pre-tax profit margin.
This acquisition was closed in April 2004.
DCI
Summary of significant Accounting Principles (Continued)
b) Significant acquisitions, continued In January 2004, the Company entered into a term sheet agreement to acquire 51% of the common stock of Digital Computer Integration Corp., (DCI), a Plano, Texas based corporation. Under the terms of the agreement, the Company is required to loan DCI $100,000 spread over the following month, on a convertible note, bearing interest at 8% and convertible into common stock at the closing of the acquisition. Further, the Company is required to loan $250,000 at the acquisition closing under another convertible note bearing 8% rate of interest with no stated maturity and provide a line of purchase order financing to DCI in the amount of $1,000,000. The acquisition is based on a factor of one times signed 2004 revenue at the closing date, or an expected amount of approximately $5,000,000. This price carries a one year look back which can adjust the purchase price upward or downward based on actual recorded
revenue for the year ended December 31, 2004, but in no event greater than a 30% adjustment.
NETSCO
In the second quarter of 2004, NewMarket acquired one hundred percent of the stock of NETSCO Inc. NETSCO Inc. is an eight-year-old corporation headquartered in Research Triangle Park of North Carolina. The company is a software product and services company that specializes in mission critical distributed computing solutions for large-scale enterprise applications. NETSCO
has particular expertise in Java(TM), J2EE(TM) XML, UNIX and LINUX. The NETSCO Framework is a proprietary technology that provides a set of services commonly required for distributed enterprise systems, such as Workflow, Dynamic Configuration, Persistence and Global User Management. Different versions of the NETSCO Framework (NFW) were utilized by both global commercial and military organizations. Examples of NETSCO software integrated solutions include
multi-channel (i.e. rich-client, web-client, and wireless), specialized Customer Relationship Management (CRM), Supply-Chain Management, Logistics, Fulfillment, Enterprise Resource Planning (ERP), and Command Control Communication (CCC) infrastructure. Utilizing its proven software technology products and large-scale systems integration experiences, NETSCO now offers turnkey RFID
solutions.
I think if NMKT can bust $0.68 or so we'll see $1 or more very fast. Just looking at the chart ofcourse. Watching that 50 MA to see when it might cross the 200 MA. Ofcoruse it will take some news but we know we have the trade mission coming up, closing of another aquisition, possible AMEX listing, possible spin off news, and the next 10QSB on or before 11/15/04. I think by Jan '05 NMKT will see $1 again if all goes as planned on NMKT's end.
Thanks Mr. B...NMKT Forecast of Profitable $75 Million in 2005
http://biz.yahoo.com/bw/041007/75471_1.html
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Releases Forecast of Profitable $75 Million in 2005 Booked Revenue In Shareholder Letter
Thursday October 7, 11:20 am ET
Annual Town Hall Meeting on Dec. 9 to Review 2005 Plan Including Operating Subsidiary and Affiliate Management Reviews and Facility Tour
DALLAS--(BUSINESS WIRE)--Oct. 7, 2004-- NewMarket Technology, Inc. (OTCBB:NMKT - News) today released a letter to shareholders from the CEO, Philip Verges. In the letter, Mr. Verges announces the third annual NewMarket Technology Town Hall Meeting intended as a venue to review with shareholders the Company's plans for 2005. Mr. Verges highlights in the shareholder letter current year performance through the third quarter of 2004 and performance expectations for the fourth quarter. Mr. Verges also uses the letter to shareholders as a means to communicate with shareholders-at-large regarding frequently asked questions.
ADVERTISEMENT
The letter to shareholders is included in its entirety within this press release.
Dear Fellow Shareholders:
The third quarter of 2004 has just concluded and NewMarket remains ahead of plan to achieve forecasted financial performance objectives for the year. Plans to reach $75 million in profitable revenue in 2005 are well underway. We have just scheduled our third Annual Town Hall Meeting in Dallas for Dec. 9 to review our detailed 2005 plans with shareholders. In reaction to the encouraging attendance at last year's meeting, as well as the enthusiastic response from those that attended, we have expanded the Town Hall agenda to include a presentation from the managers of each of our high-tech subsidiaries and affiliates, as well as a tour of our facilities in Dallas. In addition to reviewing detailed enterprise growth plans for 2005, management will also update shareholders on our progress toward advancing NewMarket Technology onto a national stock exchange.
Year-to-Date Performance Through 3rd Quarter 2004
New Market recently announced increasing its 2004 booked revenue forecast from $20 million to $24 million as a result of better than expected organic growth. In the first six months of 2004, the Company exceeded $10 million in revenue with a small second quarter loss of $75,000. The Company forecasts a profitable annualized revenue run rate of over $50 million by year-end. Shareholders can anticipate a third quarter SEC Form 10Q filing that will report financial performance consistent with the recently increased booked revenue forecast for the year.
In 2002, NewMarket, launched a business plan to continuously introduce emerging communication technologies to the marketplace by utilizing a new financing model for early technologies specific to the micro-cap market. Since then, the NewMarket Technology business model has established sales traction and is now building notable momentum in new contracts, partnerships and acquisitions. We have a growing base of profitable systems integration business selling and implementing brand name solutions from Sun Microsystems (Nasdaq:SUNW - News), Cisco Systems (Nasdaq:CSCO - News) and Microsoft (Nasdaq:MSFT - News) to name only a few. With these brand name products, we package our own proprietary emerging technologies. Each of NewMarket's proprietary technologies resides within an independent subsidiary or affiliate company. Each sale we make of a proprietary technology enhances the equity value of the respective subsidiary or affiliate company. By packaging emerging technologies with brand name technologies, NewMarket has implemented a practical marketing strategy for new technologies with a lower associated expense. Along with the enhanced equity value that results from each emerging technology sale comes an even more lucrative future equity income opportunity in the form of capital appreciation for the NewMarket shareholders. In fact, NewMarket is actively in the process of staging our first of a number planned subsidiary spin-offs.
In the last 18 months, NewMarket has acquired four high-tech subsidiaries and established a 20% or better equity stake in four high-tech affiliate companies, in addition to expanding our sales and delivery capability through the acquisition of three systems integration companies. NewMarket ended 2003 with a headcount of about 70 -- and has grown to more than 300 employees in four countries. Separate from the revenue growth associated with our mergers and acquisitions, 40% of NewMarket's revenue growth from 1st quarter to 2nd quarter in 2004 was generated by increased organic sales.
In addition to the exceptional revenue growth in 2004, the Company has also made substantial progress in our preparations for a national exchange listing. We believe the Over The Counter Bulletin Board Exchange (OTCBB) is an excellent venue for early stage Companies seeking capital formation and we intend to continue taking advantage of the many benefits the OTCBB exchange has to offer early stage Companies in regard to our portfolio of high-tech subsidiaries and affiliates. However, as NewMarket matures to the next stage, we will seek to take advantage of the enhanced capital formation opportunities and larger potential investor base that comes with the stability associated with the increased regulation and heightened standards of a national exchange.
Frequently Asked Questions
Recently we have received a number of questions regarding the Company's issued and outstanding share balance as well as the authorized number of shares. I will take some time below to articulate the history of the issued and outstanding as well as the authorized. In short, the issued and outstanding is currently at approximately 70 million shares and the authorized number of shares is 300 million.
NewMarket began the year at approximately 55 million shares issued and outstanding. Throughout the course of 2003, the Company has made several acquisitions as summarized above. All the above listed acquisitions have been appropriately disclosed. The Company has also orchestrated a small number of strategic financing transactions in conjunction with the above listed acquisitions. Furthermore, the Company has engaged the services of executive talent on both an employee and consulting basis to help the company execute on plans in association with the above-mentioned acquisitions. All of the acquisitions have been made with restricted securities, as have all of the financial arrangements and the executive compensation commitments.
I imagine some portion of the questions regarding the issued and outstanding may be related to a certain degree of skepticism surrounding the integrity of management teams in general that work in OTCBB listed Companies. A certain degree of skepticism is healthy and I would encourage shareholders to inquire in regard to any doubts they may have with the management of any Company where they are a shareholder or prospective shareholder.
With this in mind, I will try to address any possible concerns with the management team as it might relate to the increase in the issued and outstanding in 2004. I have not received any additional shares in 2004 nor do I anticipate receiving any shares. I have not sold any shares in 2004 nor do I anticipate selling any shares. No officers or directors of NewMarket have sold any shares in 2004 nor do I anticipate any officers or directors selling any shares in 2004.
When considering the issued and outstanding, I believe it is worthwhile to look at NewMarket in the framework of the overall OTCBB. The top 100 most actively traded issues on the OTCBB of course changes every day, however you find many of the same Companies on the list on a consistent daily basis. NewMarket regularly makes this list. The average issued and outstanding number of shares of companies usually in the top 100 approaches 1 Billion shares -- not the authorized, but the already issued and outstanding. The average share price of the usual companies on the top 100 list is $0.07 with an average 52 week high of $0.31. We are pleased that NewMarket regularly achieves recognition as one of the top 100 most actively traded , but when it comes to the top 100's issued and outstanding balances, we do not have any intention of competing in this category.
In addition to questions regarding the issued and outstanding, there also seems to be some confusion regarding the number of Authorized shares. As previously mentioned, the number of Authorized shares is 300 million. This has been the number of Authorized shares since 2002. The number of Authorized shares was increased from 100 million by a shareholder vote and board vote in conjunction with the purchase of VergeTech. The VergeTech acquisition was the landmark event initiating the current business plan articulated in this letter. Given the share price at the time of the VergeTech acquisition, the Authorized had to be increased to accommodate the potential fully diluted obligations of the Company.
For some reason, there appears to be a concern that the issued and outstanding was recently increased from 100 million shares to 300 million shares. This is not the case. I do have someone at our Company reviewing recent filings to see if we inadvertently put the old 100 million number in a recent document that might account for the confusion. If we discover such an inaccuracy, we will accordingly file an amendment.
In light of our revenue growth expectations, the increase in shares outstanding are well in line. As a reminder, NewMarket booked revenue of $2.3 Million in 2003, and we expect to finish 2004 with realized revenue of $24 Million and to achieve revenue of $75 Million in 2005. Once again, in light of possible skepticism regarding management intentions, there is no plan in place nor is there any current consideration of a plan that would call for the Company to make use of even half of the current Authorized.
All of us working here at NewMarket are excited about our progress in 2004 and even more enthusiastic about our plans for 2005. We hope many of you will find the time to visit us in Dallas on Dec. 9 for the Annual Town Hall and tour our Dallas facilities. I also travel frequently for the purpose of being available in person to speak with shareholders. Our offices are always open for shareholders to visit although we would recommend an appointment. We encourage shareholders to take advantage of any opportunity to learn more about NewMarket first hand from our management team and staff.
Thank you,
Philip Verges
CEO
NewMarket Technology Inc.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 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. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of over $40 million. 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.
--------------------------------------------------------------------------------
Contact:
NewMarket Technology, Inc., Dallas
Investor Relations, 404-261-1196
Email: ir@ipvoice.com
Information for the Inquisitive
Happy reading!
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Infotel
http://www.sec.gov/Archives/edgar/data/1092083/000116894003000023/0001168940-03-000023.txt
10/15/03
Purchaser shall issue to the Creditor Representative, a number of
shares of its Series C Preferred Stock, $.001 par value and $1,000 issue amount per share, with an agreed value equal to $3.3 million (the "Purchaser Preferred Shares"), with the certificates representing such Purchaser Preferred Shares to be delivered in the names of those Creditors, and in the share increments, as instructed by Creditor Representative;
(b) Purchaser shall issue to Creditor Representative, one or more
promissory notes, substantially in the form of Exhibit B attached (the
"Notes"), in the aggregate principal amount of $700,000, with each such Note to be made in favor of the Creditors, and in a dollar increment, as instructed by Creditor Representative; and
(c) On the one year anniversary of the Closing, Purchaser shall issue to Creditor Representative an additional number of shares of its Series C Preferred Stock with a value equal to 12% of the aggregate issue price of the Purchaser Preferred Shares, as such aggregate issue price may be adjusted after giving effect to the application of Section 7.6.
MOS
2/10/04
http://www.sec.gov/Archives/edgar/data/1092083/000127907004000002/0001279070-04-000002.txt
(From 10QSB)
http://www.sec.gov/cgi-bin/browse-edgar?company=Newmarket+technology&CIK=&filenum=&State...
MOS
In February 2004, the Company entered into a purchase agreement to acquire 51% of the common stock of Medical Office Software, Inc., (MOS), a Florida corporation headquartered in Ft. Lauderdale, Florida. The purchase price is $1,000,000, payable by conversion of a $150,000 note that a major stockholder of MOS owes to VTI, a related party of the Company, $300,000 in cash and $550,000 , (550 shares), in shares of Convertible Preferred Stock of the Company.
DCI
3/11/04
http://www.sec.gov/Archives/edgar/data/1092083/000115752304002273/0001157523-04-002273.txt
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
IPVoice Communications, Inc. entered into a Stock Purchase Agreement with Digital Computer Integration Corp., under which IPVoice acquired 51% of Digital Computer Integration Corp. as described in the Stock Purchase Agreement.
IPVOICE COMMUNICATIONS, INC.
CONVERTIBLE PROMISSORY NOTE
$4,900,000 March 8, 2004
FOR VALUE RECEIVED, the undersigned, IP Voice Communications, Inc., a
Nevada corporation (the "Borrower"), promises to pay to the order of Digital Computer Integration Corp., a Texas corporation (the "Lender"), the principal amount of FOUR MILLION NINE HUNDRED THOUSAND NINE HUNDRED and 00/100 DOLLARS ($4,900,000) ("Principal"), with interest, upon the terms and conditions set forth in this Secured Convertible Promissory Note ("Note").
1. Interest. Interest shall accrue on an annual basis at a rate of four
percent (4%) and shall be due and payable on the Due Date (as defined below).
2. Payment. Payments of both Principal and interest under this Note
shall be made at the Lender's then-current address, or at such other place as the Lender shall designate in writing, in lawful money of the United States of America.
3. Maturity and Prepayment. Principal outstanding on this Note shall be
due and payable in full on March 8, 2006 (the "Due Date"). The Borrower may prepay this Note without penalty.
RKM IT
4/5/04
http://www.sec.gov/Archives/edgar/data/1092083/000115752304002999/0001157523-04-002999.txt
THIS PURCHASE AGREEMENT (this "Agreement") is made as of April 2, 2004,
by and between IPVoice Communications, Inc., a Nevada corporation ("Purchaser") and the stockholders of RKM Suministros C.A. ("RKM"), a Venezuelan corporation, listed on the signature page hereto (the "Stockholders").
1.2. Purchase Price. Subject to adjustment pursuant to Section 1.3 hereof, the purchase price (the "Purchase Price") for the Purchased Stock is $2,000,000, which shall be paid in the form of 2,000 shares of Series E Convertible Preferred Stock of the Purchaser (the "Preferred Stock"). The Purchase Price shall be paid at the Closing by issuing to each Stockholder that number of
shares of Preferred Stock, calculated to two decimal places, equal to 2,000 multiplied by such Stockholder's Overall Ownership Percentage set forth opposite such Stockholder's name on Exhibit A.
(c) In the event that the First-year Revenue is greater than
$2,000,000, then the Purchase Price shall be increased to $2,600,000 and the Purchaser shall issue a number of Purchaser's common stock, par value $0.001 per share, equal to the amount of $600,000, to the Stockholders (to be allocated among them in accordance with their Overall Ownership Percentages). The number of shares of common stock will be determined by dividing $600,000 by the average closing price for the common stock for the 30 days immediately preceding the first anniversary of the Closing Date (or if the common stock has not traded at anytime during that period, then the average closing price for the common stock for the most recent 30-day period preceding the first anniversary of the Closing Date during which there was any trading activity. Purchaser shall within 10 days upon determination of the First Year Revenue statement, deliver certificates representing such shares to the Stockholders'.
(d) In the event that the First-year Revenue is less than $2,000,000, then the Purchase Price shall be reduced to $1,600,000 and each Stockholder shall return to Purchaser a number of shares of Preferred Stock equal to such amount divided by $1,000 and multiplied by such Stockholder's Overall Ownership Percentage. The Stockholders will deliver certificate(s) representing such shares (or shares of Common Stock issued upon conversion thereof to Purchaser, and, in the event that such certificate(s) represents more than the number of shares required to be returned, Purchaser will issue new certificate(s) or the difference. In the event that a Stockholder does not so return uch certificate(s), Purchaser shall nevertheless be entitled to cancel such shares on its stock ledger and regard such shares as cancelled for all purposes.
NETSCO
http://www.sec.gov/Archives/edgar/data/1092083/000116415004000095/0001164150-04-000095.txt
6/11/04
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
IPVoice acquired 100% of the issued and outstanding stock of NETSCO Inc., a North Carolina corporation. IPVoice issued $3 million in preferred IPVoice stock with out registration rights for the underlying common shares.
Buyer will pay to Seller IPVoice Communications Inc. Preferred Stock Certificates totaling U.S. $3,000,000 (Three Million Dollars). The underlying Common Stock will not have registration rights. The sellers individually will be restricted from converting into any amount of Common Stock that would represent more than 4.9 % ownership of IPVoice Communications Inc. All share conversions described in this agreement shall maintain the same dollar value equivalency of the shares after conversion.
1.3. PURCHASE PRICE ADJUSTMENT.
(a) The original U.S. $3,000,000 (Three Million Dollars) sales price will be reviewed on the one year anniversary date of the sale. If the one year NETSCO Gross Revenues are greater than U.S. $1,000,000 (One Million Dollars), then the original sales price will be adjusted upward to an amount equal to the percent increase in Gross Revenues (provided all cash from sales is received within 180 days of the sale and Net
10QSB Review of previous acquisitions
8/12/04
http://www.sec.gov/cgi-bin/browse-edgar?company=Newmarket+technology&CIK=&filenum=&State...
Infotel
In July 2003, the Company agreed to a term sheet agreement to acquire 100% of InfoTel Technologies, Pte, Limited, a Singapore company, from the debt holders of Appiant Technologies, Inc. This acquisition was based on a $4,000,000 purchase price. The Appiant Debenture holders received 3,000 shares of Series C Convertible Preferred Stock of the Company valued at $3,000,000 and a promissory note for $1,000,000. Subsequently this was modified to $3,300,000 of preferred stock, (3,300 shares), and a $700,000 promissory note. There is a one year look-back holding that the Company common stock underlying the conversion of the preferred stock must have a value of $3,000,000, (now $3,300,000), or the Company is required to either pay the holders the difference between $3,000,000 and the market price in cash, or sell Infotel and apply the proceeds to pay the difference. The preferred stock is convertible, after one year and 100% after two years, at the lesser of the 20 day trailing average price per share of the common stock or $1 per share.
MOS
In February 2004, the Company entered into a purchase agreement to acquire 51% of the common stock of Medical Office Software, Inc., (MOS), a Florida corporation headquartered in Ft. Lauderdale, Florida. The purchase price is $1,000,000, payable by conversion of a $150,000 note that a major stockholder of MOS owes to VTI, a related party of the Company, $300,000 in cash and $550,000 , (550 shares), in shares of Convertible Preferred Stock of the Company.
RKM
In January 2004, the Company entered into a term sheet agreement to acquire 100% of the common stock of RKM Suministros, C.A., (RKMV), and RKM USA Corp., Inc., (RKMM). RKMV is a Venezuela corporation and is headquartered in Caracas. RKMM is a Miami based US corporation. The purchase price of RKMV is $2,000,000, to be paid in the form of shares of Series C Convertible Preferred Stock of the Company. The sales price is based on one times gross revenue. The sellers cannot convert for the first six months.
At the end of six months the seller can convert up to $600,000 worth of the preferred shares and an additional $400,000 after nine months and the balance after the first anniversary. The sellers are restricted from any conversions that would represent a greater than 4.9% stake in the then
issued and outstanding common stock of the Company. This agreement carries a one year look back with an adjustment in the sales price of a maximum of 30% upward, (maximum price of $2,600,000), and 20% downward, ($1,600,000 minimum price). This look back is based on the one year revenues of RKMV and RKMM for the immediately preceding 12 months. Revenue variations resulting in exchange rate fluctuations between the US dollar and Venezuelan Bolivare are specifically excluded for these purposes. In addition, there is a second look back provision, which allows for the reversal of some to all of the transaction if the Company common stock does not have a minimum of $20,000,000 in trading volume over the immediately
preceding 12 months.
If, during the first 12 months after closing, the Company experiences a change of control, the sellers conversion rights are immediately accelerated to 100%. If prior to the conversion of the Prefered stock, the Company is sold or otherwise no longer a publicly traded entity, the sellers may opt to reverse the acquisition. The purchase price of RKMM is $1. The Company is obligated to lend RKM $40,000 within 10 days, $30,000 within 60 days and $30,000 within 90 days after the closing. The Company is also obligated to lend RKM $1,000,000 in additional funds in conjunction with contracted projects which have a mimimum 25% pre-tax profit margin.
This acquisition was closed in April 2004.
DCI
Summary of significant Accounting Principles (Continued)
b) Significant acquisitions, continued In January 2004, the Company entered into a term sheet agreement to acquire 51% of the common stock of Digital Computer Integration Corp., (DCI), a Plano, Texas based corporation. Under the terms of the agreement, the Company is required to loan DCI $100,000 spread over the following month, on a convertible note, bearing interest at 8% and convertible into common stock at the closing of the acquisition. Further, the Company is required to loan $250,000 at the acquisition closing under another convertible note bearing 8% rate of interest with no stated maturity and provide a line of purchase order financing to DCI in the amount of $1,000,000. The acquisition is based on a factor of one times signed 2004 revenue at the closing date, or an expected amount of approximately $5,000,000. This price carries a one year look back which can adjust the purchase price upward or downward based on actual recorded
revenue for the year ended December 31, 2004, but in no event greater than a 30% adjustment.
NETSCO
In the second quarter of 2004, NewMarket acquired one hundred percent of the stock of NETSCO Inc. NETSCO Inc. is an eight-year-old corporation headquartered in Research Triangle Park of North Carolina. The company is a software product and services company that specializes in mission critical distributed computing solutions for large-scale enterprise applications. NETSCO
has particular expertise in Java(TM), J2EE(TM) XML, UNIX and LINUX. The NETSCO Framework is a proprietary technology that provides a set of services commonly required for distributed enterprise systems, such as Workflow, Dynamic Configuration, Persistence and Global User Management. Different versions of the NETSCO Framework (NFW) were utilized by both global commercial and military organizations. Examples of NETSCO software integrated solutions include
multi-channel (i.e. rich-client, web-client, and wireless), specialized Customer Relationship Management (CRM), Supply-Chain Management, Logistics, Fulfillment, Enterprise Resource Planning (ERP), and Command Control Communication (CCC) infrastructure. Utilizing its proven software technology products and large-scale systems integration experiences, NETSCO now offers turnkey RFID
solutions.
azpete0 not to mention its also October
..one of the worst months for the stock market historically
Oil is $50 a barrell.
Its an election year.
The economy has been flat
Woes in Iraq etc etc etc
Interest rates rising
Add it all up and many people are just not putting money into stocks right now.
IMO, its better for NMKT to go through a period of healthy consolidation and form a strong base anyway.
Next 10QSB will be on or before Nov 15th. I bet we see some action and volume when the next 10QSB comes out.
azpete0, previously NMKT had planned the spinoff for the fall
But as I said recently in the powerpoint presentation they moved it back to the end of the year.
NMKT has been looking at the AMEX. If you are interested in their listing requirements you can go to the following website:
www.amex.com
At the bottom of the page click "sitemap"
A page will pop up that will contain "listing standards"
You can check that out. Check out listing standard #3
That is the one we all think NMKT could qualify for but their Market Cap needs to be above $50 million.
IMO, NMKT will be on another exchange by the end of summer '05 or earlier.
In the recent powerpoint NMKT said Xiptel at end of year
In the recent press release:
http://biz.yahoo.com/bw/040927/275652_1.html
NMKT says you can email them and request a power point presentation. Email ir@ipvoice.com
Put in the email subject line "request for powerpoint presentation" or something to that effect.
On slide 19 it says:
"Xiptel Spin-Off and Separate Listing by Year End 2004"
10K and 2003 being the operative words there
Something smells a little desperate around here like BBQ's short ribs.....ROLF....keep reaching back while the rest of us keep looking forward.
NMKT $100 million in PROFITABLE revenues forcasted by Summer of '05 and someone still thinks its 2003?
2004 is almost over in case you did not notice.
OT: Front Page WSJ article on a Yahoo MB Basher
Worth a read IMO.....
Mining Data on Allied Capital,
He Feeds SEC and Analysts
And Bets Against the Stock
Off Base, the Company Says
By DAVID ARMSTRONG
Staff Reporter of THE WALL STREET JOURNAL
September 24, 2004; Page A1
On a Yahoo chat board, messages bashing a company called Allied Capital Corp. flood in from someone styling himself "tellmeitsnottopsecret."
The postings, more than 2,000 of them over the past two years, can pop up at any hour of day or night. They delve into company operations in minute detail, pointing out weaknesses and assailing management.
A hedge fund that's betting against the stock? No, "tellmeitsnottopsecret" is James Brickman, a retired Dallas real-estate developer who says he got bored playing golf. Now the 52-year-old spends hours digging through court and other filings related to Allied. "It's a game for me," he says, "like playing bridge."
It's a serious one, though. Like some hedge funds, or investment pools for the rich, Mr. Brickman sometimes sells Allied stock short, selling borrowed shares in hopes of replacing them when they're cheaper. Moreover, he has provided information to two securities analysts who turned negative on the stock. And, claiming that Allied overvalues some of its investments, he visited the Securities and Exchange Commission and urged it to take a look. Although Allied says it values investments properly, word of an informal SEC probe this spring knocked its stock for a loop, as did the two analysts' moves.
Allied is one of the most "shorted" issues on the New York Stock Exchange. The number of shares investors have sold short equals 31 times daily volume, more than quintuple the average for Big Board stocks. Mr. Brickman didn't start this run on Allied -- hedge funds did. But he's been in the forefront of digging up and publicizing reams of negative information on the company. His voluminous postings and research show how much clout one investor, working from home, can have by taking advantage of the Internet's vast research and broadcasting power.
"Retired and bored," Mr. Brickman says, he took up investing four years ago after winding up a 20-year career as a residential developer. His focus on Allied has since become a near-obsession, what he jokingly calls a "sad illness." He declines to say how much he has earned from shorting the stock. He estimates he has dug up more than 14,000 pages of court filings related to the company.
There are a lot of those, because of the nature of its operation. Allied is a "business development company," or BDC, regulated under the same 1940 law that governs mutual funds. BDCs generally don't invest in publicly traded stocks but in privately held, small and midsize companies, to which they often lend money as well.
BDCs don't face corporate taxes as long as they pay out most of their profits in dividends. As a result, they tend to have fat dividends. Allied's stock currently yields 9% a year. Both this dividend and the way the Washington-based concern handles its $2.8 billion investment portfolio have drawn fire.
"I'd like to thank Joan Sweeney and management," began a typically slashing Web message from Mr. Brickman in May, citing Allied's chief operating officer. "Without your constant lies, deception, and postings from company shills I would be bored playing golf."
Ms. Sweeney says she and Allied have always been truthful. In a written statement, Allied Chief Executive William Walton says: "We believe that Jim Brickman works in concert with short sellers led by David Einhorn to spread false or misleading information about Allied Capital, and we have shared our concerns with the SEC."
Selling Spree
David Einhorn is a hedge-fund manager who set off a short-selling spree in May 2002, when he told a charity dinner -- attended by many investment pros -- that he was short Allied and volunteered to share any profits he made with a charity. The next day, Allied stock plunged 11% on tremendous trading volume. Mr. Brickman acknowledges he shares information with Mr. Einhorn and with other short sellers. But he says he doesn't work with them or get paid by them.
Early last year, New York Attorney General Eliot Spitzer began looking into whether several hedge funds, including Mr. Einhorn's Greenlight Capital, might be trying to manipulate shares of several companies, among them Allied. The inquiry hasn't resulted in any charges but is still open. Allied says that when asked, it told investigators the person behind a rash of negative Yahoo postings was Mr. Brickman. The retired developer acknowledges he has posted frequently about Allied but says he has never heard from the New York attorney general's office.
Allied stock recovered from its fall after the first bout of short-selling in 2002, surging to a high above $30 early this year. But it's had a choppy ride since then.
A major reason appears to be a Brickman posting on April 6. It concerned an Allied small-business lending unit called Business Loan Express, or BLX. The issue is arcane but illustrates the Web gadfly's tenacity and the level of detail at which he pursues his case.
Mr. Brickman, in scouring the bankruptcy files of a Colorado gas-station operator that borrowed from BLX, ran across a document showing Allied had purchased $9.1 million in loans from BLX in early 2003. The loans were in default. Yet Allied purchased them at their full face value of $9.1 million.
Moreover, in reporting the purchase to the SEC this past March 12, Allied didn't mention that it had bought the loans from a company it mostly owns. Allied holds 95% of BLX.
The deal struck Mr. Brickman as an improper move to avoid a hit to BLX's valuation. Allied carries its BLX stake on the books at $353 million. Mr. Brickman figured Allied ought to mark that down by as much as $100 million and take a charge for that amount against earnings.
His posting of the loan details -- two weeks after he told chat-board readers he was "short" Allied -- quickly led to a price drop. The day after he described the loan transfer on Yahoo, Allied's stock fell 3.5% on heavy trading volume.
Then in late April, another Brickman posting asserted that Allied "knows fraud is a problem at BLX and is trying to hide it and or cover it up."
Mr. Brickman shared his views and information with an analyst at Wachovia Securities, helping the analyst craft questions for Allied. In an April 26 report, the analyst, Joel Houck, termed Allied's answers and disclosures inadequate and said he would no longer cover the stock. The shares sank 11% in the next three days.
To get regulators interested, Mr. Brickman turned to an acquaintance, Texas Republican Sen. John Cornyn. Sen. Cornyn's office wrote to the SEC asking if someone there would be willing to meet with Mr. Brickman. On April 27, Mr. Brickman met with SEC staffers including enforcement chief Walton Kinsey. Two months later, Allied announced it was the subject of an "informal" SEC inquiry that sought documents on the loan purchase. The stock fell 10%.
Nothing public has come of the inquiry as of now. The SEC won't comment.
Allied says the loan purchase from its BLX unit was innocuous and handled properly. Allied says it was simply reclaiming loans that another of its units originally made, and that it shifted to BLX when it acquired BLX in early 2000.
BLX had resisted the loan shift in 2000, says its CEO, Robert F. Tannenhauser, out of concern that the loans were improperly underwritten and that guarantees they had from the Small Business Administration might not hold up. He says BLX agreed to the shift after Allied said it would buy back any loans that went sour.
By early last year, loans totaling $9.1 million had gone sour. Allied bought them back. It says it paid for them by forgiving $9.1 million that BLX owed it.
Allied subsequently wrote down the loans' value steeply, to the amount it figured it could recover from borrowers. (The SBA ended up honoring its guarantee after all, but BLX paid the SBA back, Mr. Tannenhauser says, to maintain good relations with the agency.)
Allied says the effect on its balance sheet was negligible, because the debt it forgave BLX increased the value of its own investment in the lender.
Even if BLX had had to eat the bad loans, this wouldn't have affected BLX's value on Allied's books, contends Allied's Ms. Sweeney. "We would have looked at it as an isolated incident and wouldn't have dinged [BLX] for this loss," she says. In what she calls a "minor discrepancy" with the BLX chief's recollection, she says Allied hadn't promised to buy back any bad loans, only to consider doing so.
As for the SEC filing in which Allied neglected to reveal that one of its units was the seller of the loans, Ms. Sweeney says disclosure wasn't required because the event wasn't material.
A Penn State accounting professor, Edward Ketz, disagrees. After the case was described to him, he said that an agreement even to consider buying back loans should have been disclosed when made, because it involved a related party.
Dividend's Safety
In a posting July 6, Mr. Brickman drew attention to a new analyst report on Allied, this one from Farmhouse Equity Research LLC, a small independent firm in Portsmouth, R.I. It urged selling the stock, saying Allied might have to cut its dividend in 2005. The report was a blow to Allied because its rich yield is one of its attractions to investors. The stock fell some more.
Mr. Brickman's posting didn't mention that he had worked with the analyst on the report, sharing his negative view on the loan purchase and of how Allied valued its holdings.
The analyst, Charles Gunther, mailed Mr. Brickman a copy of his report nearly a week before his firm released it. Mr. Brickman says he was traveling at the time, didn't read the report until it was published, and didn't time any of his trading around it. The founder of Farmhouse Equity, J.P. Mark, said it isn't the firm's policy to send out reports ahead of public release, and "in 20/20 hindsight, we shouldn't have done it this way."
Mr. Gunther yesterday issued a correction, saying he "mistakenly asserted that Allied's dividend was in danger of being cut in 2005." In an interview, he said he erroneously believed Allied could pay the dividend only out of earnings and investment gains, and not out of capital it had raised.
Mr. Brickman said he had closed out his short position in Allied in July, after the stock had fallen about 20% in about 3½ months. But he isn't done with the company. In an e-mail on Aug. 1, he wrote that he expected a package of "new obscure public" documents concerning Allied to arrive, and that his "current position of having no short interest in Allied may change." This week, Mr. Brickman said he has been trying to short Allied again but hasn't been able to borrow any shares to sell.
Write to David Armstrong at david.armstrong@wsj.com
Mr. B, I called the transfer agent
There are 69,445,397 million shares O/S
As of the last 10Q there was 64.8 million shares O/S
Mr. B, I guess you missed the RB board yesterday
EVEN&Wall St Guru went on a tirade saying that the O/S has increased by 4.6 million shares....
10Q says 8/9/04 64.8 million O/S Guru says 69.4 million
10Q link
http://www.sec.gov/Archives/edgar/data/1092083/000116415004000122/0001164150-04-000122.txt
They claim there is an extra 4.6 million shares in the O/S and are stomping their feet, screaming at the top of their lungs about where the shares came from, how come shareholders weren't notified, what are the extra shares for...etc etc etc. They wont let this one go. I guess they think they have found bashing gold or something.
Anyway, I am going to call the transfer agent later today and will post what I find out. (I also emailed Rick, so we'll see if he responds)
If you want to call, here is the contact info:
http://www.interwesttc.com/contactus.asp
Interwest Transfer Company, Inc.
1981 East Murray Holladay Road, Suite 100
P.O. Box 17136
Salt Lake City, Ut 84117
Phone: (801)272-9294
Fax: (801)277-3147
Our hours of operation are:
8 A.M. to 5 P.M. M.S.T.
Monday thru Friday
Except legal holidays.
$0.27 to $0.55...You tripped overyourself bashing NMKT
and missed out on profits. You seem mad about that.
My guess is you will also miss out on $0.55 to $1. You will keep posting the same tripe over and over and over. 5, almost 6 months later, and you still post the same tripe. You need new material.
By the time you find it, it will be too late. Q3 coming along with Q4. Profits, revenue targets will be exceeded and you will continue to play the part of the fool.
There was no discount on the Innoprise shares.
Thats what Rick Lutz said when I called.
So, you could say, as is one of your favorite sayings, Innoprise is currently under water on the 3 million shares they got.
It was a one for one deal. No discounts, no special premiums, nothing....According to Rick.
Perhaps you think Rick is lying? Well, I dont know what to tell you. I for one believe him over you.
Anyone can call and ask for themselves. If they choose not to believe it, that's their business.
NewMarket Technology, Inc., Dallas
Investor Relations, 972-386-3372 ext. 211
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
or
LC Group
Rick Lutz, 404-261-1196
lcgroup@mindspring.com
Rayluc, thanks for the advice
If you noticed, in that last post on Berlin I didnt mention his name except once as it is a common adverb.
Anyway, I will keep it in mind. When I post on RB I also try not to mention his name.
My whole point for addressing him is as follows. IMO, its all good and well that invesotors who have done DD on NMKT ignore him. But, we all know we need buyers to make the stock go up.
As retail traders go, they scan charts for favorable TA and look at active message boards. They make split second, transient decisions based on a few posts and wether or not the 50 MA is getting close to the 200 MA, or if the bollinger bands are tightenting, etc etc.
My concern has been that if these guys were allowed to run their mouths and monopolize both RB and this board, then all new people would read about is that Verges is a liar etc and NMKT is not disclosing info. (plus all of their other stupid arguments like chell, valentine, durland, augustine, etc)
Now I know, let the investor beware. Everyone should do their own DD and not just rely on MB's for info.
But reality is reality. There are a whole bunch of retail boxer short traders who make up their own criteria and buy and sell based on a few TA signals and bullish or bearish MB posts.
Berlin is deffinately not the whole issue here
But it could be ONE issue. You seem to refuse even entertaining the possibility that naked shorting is going on out of Berlin. About one hundred companies are concerned including NMKT. They have been making the effort to investigate the situation and get delisted.
There is no proof as of yet that the Berlin Exchange has been used for naked shorting. But a couple of lawsuits have been filed and one company claims there O/S went up after they were listed on the Berlin Exchange.
Yet you still refuse to acknowledge something smelly might be going on out of Berlin. Please, read this article. Read the excerpt then if you want read the whole article.
120 US companies and 150 British companies want off the Berlin Exchange. Let me guess, you think ALL of them are wrong and making a big deal out of nothing? And we should believe you over 272 companies?
--------------------------------------
http://www.investors.com/breakingnews.asp?journalid=22803436&brk=1
It's not just U.S. companies such as Whistler Investments (WHIS), Sonoran Energy (OTCBB: SNRN), Celsion Corporation (CLN), and eLinear Inc. (ELU) or Israeli companies that have had serious concerns about their unannounced and unathrorized listings on the Berlin-Bremen Stock Exchange.
Apparently, some 150 British companies are protesting the same fate.
A number of UK-listed companies have demanded a London Stock Exchange investigation after they found that their shares are being traded.
Meanwhile, Whistler, Sonoran and eLinear have announced they have successfully secured their delistings, and the U.S. Securities and Exchange Commission has rescheduled its open hearing to consider the adoption of amendments to Regulation Sho to August 25 at 9:30 a.m. The announcement is at http://www.sec.gov/news/digest/dig061504.txt .
According to the London Money Telegraph, "several companies believe the market for their shares has been distorted and that they have fallen in value after trading started on the Berlin-Bremen exchange.
"Some smaller companies, whose shares are lightly traded in London, fear the Berlin market has been used by speculators to short-sell their shares."
The Telegraph said the number of companies are thought to be as high as 150, including even "larger companies" such as Matalan (OTC: MATNF) and Halfords.
Mladen Ninkov, the chairman of Aim-listed Griffin Mining (OTC: GFNMF), was quoted as saying: "We were put on the Berlin market without our knowledge by a German broker and now we've got about 8m shares out in a short sale. It is horrifying - that is about 4 per cent of the company and it is forcing the price down."
A spokesman for the London Stock Exchange said: "If there is evidence of market abuse we would refer that on to the appropriate authorities."
Whistler said that according to its transfer agent records, "we have 5,504,680 shares held by DTC, but the ADP broker search indicates of 6,217,458 shares being reported by broker/dealers as being held on behalf of their customers, indicating a short position of more than 700,000 shares. A summary report can be viewed at http://www.whistlerinvestments.com/shorts.html .
"We have therefore commenced work with DTC for a formal review of the reported excessive broker/dealer holdings of our stock so that we can conduct our corporate affairs properly in view of our planned stockholders meeting and other upcoming corporate matters. We again advise our stockholders make sure that they receive delivery of any shares that they purchase, and also that their stock is not being borrowed without authorization."
----------------------------------------------------------
After the PIPE people like you assumed the worse case
They assumed a steep discount for Innoprise on the deal.
Turned out not to be true. There were no discounts favorable to Innoprise on the deal. The stock is recovering. Give it until after Q4 and see where NMKT ends up.
Further, you forget that the cash raised is being used for aquisitions. They paid cash for Logicorp to keep the stock out of the hands of Chell and Valentine.
Kudos to NMKT.
You could also ask why did the stock go from $0.26 to $0.54
If there were "serious" issues would not NMKT keep drifting down and settle in the nickel range if lucky?
You keep yapping and you missed a 100% gain on NMKT off $0.27.
The thing is, Q1 showed a big loss, there was an Innoprise stock offering, and people got spooked. The stock corrected. Q2 was released and helped put investors minds at ease.
Not to mention, the deal for Logicorp involved no stock up front. So all of your Chell/Valentine theories were tossed out the window.
The Innoprise Deal was well discussed
It was stock for cash 1 for 1. No discount.
People like you made a big deal out of it.
Innoprise investors paid over $1 per share.
I Just realized that the contract is old news
It was from August 25. Why forbes reprinted it, I dont know. But I guess it cant hurt.
http://biz.yahoo.com/bw/040825/255211_1.html
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Signs $4.3 Million Strategic Sourcing Contract to Implement Proprietary Network Solution in Latin America
Wednesday August 25, 9:00 am ET
Revenue of $4.3 Million to be Realized in 2004; Accelerating Organic Sales Growth Continues to Improve Company's Profitability
DALLAS--(BUSINESS WIRE)--Aug. 25, 2004-- NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today a $4.3 million contract to implement a proprietary network solution in Latin America. The proprietary secure network solution has been developed by an undisclosed United States technology company and will be implemented in Latin America by NewMarket Technology. The contract is scheduled for full delivery before the end of 2004 and accordingly, all revenue will be booked in the financial results for 2004.
NMKT announces new contract 09.16.04 5:25 pm ET
Network solution company announces new contract 09.16.04
in Latin America
09.16.04, 5:25 PM ET
see yahoo news for NMKT for link to article
http://finance.yahoo.com/q?s=NMKT.OB
NewMarket Technology, Inc., (OTCBB:NMKT) announced a $4.3 million contract to implement a proprietary network solution in Latin America.
The proprietary secure network solution has been developed by an undisclosed United States technology company and will be implemented in Latin America by NewMarket Technology. The contract is scheduled for full delivery before the end of 2004 and accordingly, all revenue will be booked in the financial results for 2004.
NewMarket specializes in the market introduction of emerging technologies. In addition to selling its own proprietary Telecommunications, Healthcare and Security solutions, NewMarket also integrates and supports the complementary proprietary technologies of partner technology companies through the NewMarket Strategic Sourcing Service.
NewMarket has established Strategic Sourcing sales and service centers in both Latin America and the Pacific Rim in a strategy to accelerate emerging technology sales in rapidly growing economies that have less brand name competition usually still selling last generation technology solutions.
"A success in Latin America with this innovative, secure network solution will create an entirely new network solution market in North America," explained Philip Verges, CEO of NewMarket Technology. "Hence, the need for secrecy regarding the project at this time. This contract adds to our growing organic sales momentum and further validates the NewMarket business model and the Strategic Sourcing service offering."
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 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. The company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million. This article was prepared by Biotech Business Week editors from staff and other reports. Copyright 2004, Biotech Business Week via NewsRx.com & NewsRx.net.
To see more of the NewsRx.com, or to subscribe, go to http://www.newsrx.com.
NewsRx.com
? 2004 NewsRx.com. All Rights Reserved.;;©Copyright 2004, Biotech Business Week via NewsRx.com & NewsRx.net
I figured you wouldn't get it EVEN
That is, you probably "choose" not to understand since you are most likely working for a hedge fund shorting stocks out of Berlin. Re-read stock gate and do some of your own DD for a change. Maybe then it will sink in.....But I doubt it.
I am sure you will keep defending the Berlin Exchange to your last breath.....Which I might add, is very, very strange.....Unless ofcourse you are employed by someone who uses the Berlin Exchange or you are somehow profiting from the Berlin Exchange.....Then it would make sense that you would defend the Berliners....
I am sure they are happy with your work.....
Who cares when NMKT was listed in Berlin?
******See links below for StockGate articles*****
And why do you keep defending the Berlin Exchange so vehemently?? Do they pay you or something.
Look, everything shook out when the SEC changed the rules in relation to shorting. They tried to close the loop hole on the shorts out of Canada. But by doing so they left a loophole in place for other exchanges like Berlin.
Stock gate dude, several articles have been written about it.
Companies (including NMKT) starting complaining about Berlin after they noticed unusual trading activities in their securities shortly after the new SEC rule went into affect.
It raised a red flag for everyone to see. There's no proof (yet) that any laws have been broken or that people have been shorting stocks out of berlin.....But it is suspicious....sort of like your posts.
"StockGate" check it out
But let me guess EVEN, everyone is wrong and once again you are right??? Give it up dude.
http://www.faulkingtruth.com/Articles/Investing101/1005.html
http://www.friedlandfinancingnews.com/052204%20Friedland%20Corporate%20Finance%20News.htm
http://www.rgm.com/articles/ft7.html
http://tfc-charts2.w2d.com/forum/index.cgi?noframes;read=294241
http://www.fillyaboots.com/
As I have said before EVEN, you'll never believe
anything Philip Verges says EVER. Sorry, I believe him over you. And I believe his speculations over yours. He's a West Point Grad....what are you?
He is the CEO of NMKT.
what are you?
He has been successful up to this point in implementing his plan for NMKT.
What have you done?
I have much more respect and trust for Verges than I ever will for you. Sorry, that's just how I feel. Maybe some others here or on other boards hang on your every word like its gospel truth. I sure dont.
IMO, Verges is far superior to you and much more trustworthy than you ever will be.
Mr B, have you read this? It talks about short selling.
Ofcourse, it is Mr. Verges talking about alleged illegal trading. There is no "proof" offered, just speculation. But EVEN doesn't believe anything Mr. Verges says at all so I saw no reason to post it for him.
http://www.ipvoice.com/press_article.asp?id=145
Press Releases
Back to Press Releases >
NewMarket Technology Inc. Addresses Shareholder Concern Regarding Suspicious Stock Trading Activity and Share Price
Date: 6/22/2004
Company 2004 Objectives Still on Track for $50 Million in Annualized Revenue in 2004 and $20 Million in Booked Revenue; Operational Profitability by Year End
DALLAS--(BUSINESS WIRE)--June 23, 2004-- NewMarket Technology Inc. (OTCBB:IPVO - News) today released a letter to shareholders to address shareholder concern regarding the recent stock trading activity and share price of the company's stock. The letter is included in this press release in its entirety.
Dear Fellow Shareholders -
I share everyone's disappointment in the recent IPVoice share price decline. The Company has received a large number of emails and calls regarding this situation and it has been a challenge to return all the calls in a timely manner. Therefore, this communication is intended to address and alleviate the concerns we have received in email and over the phone.
The recent share price decline cannot be simply tied to any recent change in the Company's day to day operations. The Company is proceeding operationally according to the previously announced 2004 business plan. We do not anticipate stepping away from the 2004 objectives of reaching $50 million in annualized revenue by the end of this year nor realizing a total of $20 million in booked revenue for the year. We still plan to achieve operational profitability by year-end. I can think of no operational event that could account for the recent decline in share price. In fact, I believe the Company is operationally in better shape today than when the share price reached a high of $1.35 two months ago.
Like all of you, I can only speculate as to any possible external cause for the recent share price decline. There are some suspicious situations that we are investigating. In addition to addressing specific suspicions, we are also taking some general precautionary measures to counter other possible issues frequently faced by OTCBB listed companies. Our primary strategy to address the current share price decline is to stay on course and operationally grow the Company according to plan and build on the fundamentals of revenue growth and profitability. We are confident that our ongoing operational performance will in time overcome any nefarious external force otherwise negatively impacting the price per share.
Specific Suspicions
As previously announced, IPVoice has been listed on the Berlin Exchange without notice, let alone our permission. Many allegations have recently been discussed in the press regarding a possible arbitrage on the US markets leveraging stock that might not exist on the Berlin Exchange. Officials at the Berlin Exchange have acknowledged this is a possibility. Definitive evidence verifying that such an arbitrage is in fact being practiced has not yet been made public, if it exists at all. Nevertheless, we have engaged an attorney in Germany and have demanded to be de-listed. We are in communication with the appropriate parties in Germany, but as of yet our demand has not been satisfied. We are diligently continuing in our efforts to be de-listed.
While there is a belief by some in the stock trading community that conversations that take place over online bulletin boards do not really impact share price, I think I would be remiss if I did not address the vehement nature of recent allegations against IPVoice management on Terra Lycos' Raging Bull. It is suspicious that a number of individuals recently began making unfounded allegations around the same time the price per share began to decline. Many of the allegations have violated the rules set forth by Raging Bull and even created legal implications. Accordingly, the offending individuals and their posts have been deleted only to have the individual brazenly return under a new identity and begin making the same allegations, thus prompting questions as to their incentive and agenda.
The posts are clearly orchestrated to create shareholder concern. Many of the posts state information in quotation marks and claim the information is from an IPVO Corporate SEC filing when, in fact, the alarming verbiage comes from another company's filing altogether. Other posts make allegations that the Company is not in compliance with SEC rules. While the SEC has not issued any proclamation of IPVoice non-compliance, these individuals again create shareholder concern. These examples only represent a very small portion of the orchestrated efforts on Raging Bull to create fear, uncertainty and doubt. Please keep in mind, Terra Lycos does not take responsibility for the veracity of the statements, so IPVoice is limited in its ability to take action against slander. The posting individuals are anonymous and their anonymity has been protected by Terra Lycos in court, so it is also difficult for IPVoice to take action against the individuals that have made false and slanderous statements.
The Company has received a number of questions regarding these false claims on Raging Bull. So, in order to alleviate some shareholder's concerns and answer the frequently asked questions being fielded by the Company, the following information is being disseminated:
1) Please know that no one in management is selling stock or currently has plans to sell stock.
2) No registration statement is currently being considered in conjunction with any recent fundraising.
3) The Company has not issued any warrants in over two years.
4) Any warrants that might have been issued prior to two years ago, which have not expired, have an exercise price dollars above the current share price.
5) The Company has not entered into any convertible financing engagements that can convert into stock at a discount of the share price at the time of conversion.
6) The Company does not have any convertibles from financing currently eligible for conversion.
7) However, the information on Raging Bull indicating that I am a registered Republican is correct.
Counter Measures
To mitigate any potential naked short selling that the shareholders may be suffering, we have accelerated plans to change the Company's name. Accordingly, once we have confirmation from the State of Nevada regarding our name change to NewMarket Technology Inc. we will file for a ticker symbol change and a new CUSIP number. Technically, this should require brokers to exchange old certificates for new. However, in practice we do not anticipate all brokers will comply with this requirement. We do anticipate that those brokers that do comply will affect some resistance on any shorting strategy that may be impacting the current share price. All IPVO shareholders will automatically receive the same amount of shares of NewMarket Technology Inc.
We are also aggressively exploring opportunities to exit the OTCBB exchange and move to a new exchange. We are in active conversations with another US exchange and in the process of finalizing the application. The Company has always had plans to move to a higher caliber exchange, but we are now accelerating these plans in order to generate a necessary reconciliation of accounts that are naked shorting the stock. We also believe that a higher caliber exchange will mitigate our exposure in the future to naked shorting with their requirements that short interest needs to be reported and stock loan requirements are regulated.
To counter the current Raging Bull mudslinging campaign we intend to increase the frequency of our communications. We will initiate a Corporate subsidiary press campaign. The NewMarket subsidiaries are making progress everyday toward their own specific objectives. This progress is sometimes nothing more than a $5,000 sale or a standards certification. However, we believe it is important in the face of the current misinformation campaign to reassure shareholders and make certain the investment community is aware of even the small day to day progress NewMarket is accomplishing at the subsidiary level.
Again, all these counter measures are only supporting efforts to the ultimate strategy to overcome the negative external forces depressing the current price per share. Ongoing performance and fundamentals over time will win in the end. Even if the external activity proves to be illegal, it cannot overcome the Company's operational success. As we continue to meet 2004 objectives for organic growth, acquisitions and profitability shareholder confidence will improve and speculative short positions will have to cover.
Thank you for your ongoing support.
Philip Verges
CEO
NewMarket Technology Inc.