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Centric Sneaker

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wannabeeriche   Monday, 02/05/18 08:30:12 AM
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Centric Sneaker

Philip M. Verges – Newmarket Technology, Inc. (nkmt)
Technology >> CEO Interviews >> April 21, 2008

TWST: I understand that you are doing most of your business outside of the US. Mr. Verges: That's correct. One of the things that we have discovered is, in the pursuit of introducing emerging technologies to market, that there is a technology leapfrog opportunity outside of the United States. What I mean by that is, if you have a new voice communication technology, no matter how good it may be, no matter how great a cost savings there may be, it is very difficult to introduce it into this brand name centric market space inside of North America and where many customers have already invested in legacy technologies and may not be in a position to replace them with newer, cost effective technologies. However, outside of the United States, when you are focusing in developing economies, you have an ability to introduce a new voice technology without as much emphasis on incumbent brand name technologies where legacy technology solutions may not already be in place. You also get the benefit that developing economies outside the United States have a lot more room for growth.

There is an Army of Investors wishing Philip M. Verges had been outside of the United States and away from their hard-earned money.

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