NewMarket Technology, Inc. Expands Foothold In VoIP Market with Launch of Proprietary Decision Support Solution with Sarbanes-Oxley Compliance Features
Newmarket's VoIP Subsidiary XIPTEL Communications Continues To Build Momentum from Current $10 Million in Annualized Revenue and 2007 Forecast of $19.3 Million
DALLAS--(BUSINESS WIRE)--June 14, 2006--NewMarket Technology, Inc. (OTCBB:NMKT) today announced the launch of XIPTEL's proprietary solution for managing a company's back office operations. XCCP, (Xiptel Customer Control Panel), the core component of XIPTEL's intellectual property portfolio, has been running the back office functions for XIPTEL since January 2006, and is now available to selected customers. XCCP handles the back office tasks involved with subscriber management, provisioning, support ticketing, call detail reporting and mediation, and billing. The software features a multi-level security and permissions architecture to allow subscribers, customer administrators, resellers, and system billing, engineering, and executive users to view and manage those elements necessary for day to day operations and planning.
"Customers can now get on-line access to incoming and outgoing calls whenever they want, from wherever they are," said Peter Geddis, XIPTEL's CEO. XCCP is based on open source technology, using Linux, Apache, MySQL and PHP, which avoids costly underlying license fees, and is easily scalable for high performance to drive down operating costs. The system designed to support Sarbanes-Oxley compliance includes permission-based security and allows for a variety of visual themes for reseller branding. "Today's VoIP based systems provide a long list of important features to customers," said Geddis, "but unless access to useful information and control is made easy and reliable, many of those features will remain unused. Our XCCP system solves those problems, adds real value to our company, and helps set us apart from our competition. Offering new products and services, such as XCCP, is an integral step to building our revenue base to $10 million for this year and meeting our forecast for 100% growth in 2007."
XIPTEL and Corsa Networks are divisions of IP Global Voice, Inc., a subsidiary of NewMarket Technology, Inc. XIPTEL provides a full range of hosted, managed VoIP services to the business market. Corsa Networks provides sophisticated network security solutions and managed services to commercial customers. Mr. Geddis is a 25 year telecommunications industry veteran. As COO of Qwest Communications, Mr. Geddis was instrumental in building a company from four employees and little revenue to over $400 million in revenue during his tenure. Mr. Geddis also held senior positions at Sprint, British Telecom and Pacific Bell.
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About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (NASDAQ:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period. The financial results achieved have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
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