NMKT (.335) Announces Letter of Intent to Acquire Majority Interest in Silicon Aquarius, Inc., a Telecom Technology Firm with 23 Patents
Business Wire "US Press Releases "
DALLAS--(BUSINESS WIRE)--
NewMarket Technology, Inc. (OTCBB:NMKT) today announced signing a letter of intent agreement to acquire a majority interest in Silicon Aquarius, Inc., a telecommunications technology firm with 23 patents.
"Silicon Aquarius is a local Texas firm headquartered in the telecom corridor of North Texas," said Philip Verges, CEO and Chairman of NewMarket. "Silicon brings innovative and prescient engineering talent that has previously enhanced the patent library of firms such as Texas Instruments. We are privileged and excited to have this opportunity to obtain an intellectual property portfolio. The transaction underway between Silicon and NewMarket is a strategic combination of intellectual property, engineering, marketing, financial investment and embedded development resources through NewMarket's established partnerships in China. The addition of Silicon Aquarius will extend NewMarket's emerging technology reach and depth by substantially jump starting an intellectual property inventory of technologies with multiple applications in multiple industries."
The letter of intent agreement was announced at NewMarket's Town Hall meeting yesterday in New Orleans. The meeting was video taped and will be available next week on the Company's website.
Highlights of the meeting included an overview of NewMarket's recent independent listing of its consolidated operation in China, NewMarket China, Inc., currently listed as Intercell International Corporation (OTCBB:IICP). The presentation also reviewed the pending transactions with Paragon Financial Corporation (OTC:PGNF) and Diamond I, Inc. (OTCBB:DMOIE). David Loflin, CEO of Diamond I, was on hand and indicated that the filing issue resulting in the "E" currently appended to the Diamond stock symbol had been resolved and would be removed next week.
Ms. Pat Robinson from the City of New Orleans Department of Economic Development provided a detailed presentation on the status of the city wide rebuilding initiative to include the developing opportunity between the City and NewMarket Technology. Interested shareholders will have the opportunity today to participate in NewMarket's working meeting with the Department of Economic Development during a tour through the City of New Orleans to review current key rebuilding projects.
The Power Point Presentation from the NewMarket Town Hall meeting is available by contacting ir@newmarkettechnology.com.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Source: NewMarket Technology, Inc.
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