NewMarket Technology (fka NWMT)

[Telephonics]

I was origiunally attracted to NMKT by the
approach to developoing a profitable new business as espoused by Philip Verges who is now the President of this company. I liked his operational philosophy well enough to become one of the eary investors in this emerging company. As time passed I increased my holdings as evidence of the success of his operations became clearer. This latest announcement of New Market China again is anothr example of his innovative bent and I doubt than any of the users on this board can possibly have an understanding of the difficulties he had to wade through to achieve this objective. Being slightly aware of how difficult it is to negotiate with Chinese companies I think that Verges had to exhibit great tenacity and forebearance in gaining his ultimate end.
We investors should see our profit posture materially advanced by this success.