NewMarket Technology, Inc
NewMarket Technology, Inc. and Intercell International Corporation File SEC Form 8-K's Detailing Joint Reorganization Plan
Friday August 11, 11:13 am ET
DALLAS--(BUSINESS WIRE)--Aug. 11, 2006--NewMarket Technology, Inc. (OTCBB:NMKT - News) and Intercell International Corporation (OTCBB:IICPQ - News) today filed separate Current Reports on Form 8-K with the SEC. These Current Reports provide further disclosures regarding the Agreement and Plan of Reorganization, as previously announced on August 7th 2006. The Form 8-K's provide disclosures and as an exhibit, the Agreement and Plan of Reorganization between the companies. As the companies progress toward the closing date, additional Form 8-K's will be filed by both companies, ultimately providing all of the detailed terms to result in NewMarket obtaining a controlling interest in Intercell International. The Form 8-K's will also disclose the terms whereby all of the issued and outstanding stock of NewMarket's Chinese operating subsidiary, NewMarket China, becomes the property of Intercell International.
In summary:
1. The Current Report on Form 8-K filings include the agreement
for NewMarket Technology to exchange 100% of the stock in its
subsidiary, NewMarket China, for 2 million shares of the
restricted common stock of Intercell International.
2. Subsequent filings will include the agreement for NewMarket
Technology and related parties to purchase for $250,000 a
series of convertible preferred stock of Intercell
International that, among other things, provides NewMarket
Technology with majority voting rights in Intercell
International.
3. Upon the closing of the transactions, both companies will make
all necessary and required filings. Included in these filings
will be the financial information as required by the SEC. The
closing of all transactions is anticipated to happen no later
than September 30th.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
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. 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 ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
