NMKT, some other news.....bought some today at .149
NewMarket Technology, Inc.
(OTC BB:NMKT) Current Price (0.13) DALLAS, TX--Mar 18, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) announced today that the company fully anticipates filing their annual report for 2007 on Form 10k in a timely manner. NewMarket Technology was recently announced as the fastest-growing technology company in the Dallas-Fort Worth (DFW) area for the second year in a row on the Metroplex Technology Business Council's (MTBC) Tech Titan Fast 50, compiled by Deloitte. NewMarket is the only company to be ranked number one more than once on the Tech Titan Fast 50. This is the fourth year in a row the company has been named to the Tech Titan's list. The Tech Titan Fast 50 recognizes the 50 fastest-growing technology companies in the DFW area, based on percentage revenue growth over five years (2002 to 2006) as well as percentage revenue growth over one year (2005 to 2006). The Tech Titans Award Ceremony was held Saturday, September 29th. For more information on the Tech Titan awards, please visit http://www.metroplextbc.org/techtitans/index.html.
News from their China business............
DALLAS, TX, Mar 04, 2008 (MARKET WIRE via COMTEX) -- NewMarket China, Inc.'s (OTCBB: NMCH) interview on CEOcast featuring the recent management addition of Paul K. Danner, Board of Directors member and Managing Director of Asian Operations, is now available online. Mr. Danner was joined on this morning's interview by John T. Verges, the Company's CEO. In the interview, Mr. Danner and Mr. Verges reviewed the Company's rapid three-year growth to approximately $40 million in annual revenue in 2007 and the 2008 forecast to continue to grow organically to a profitable $50 million in annual revenue. After growing to approximately $40 million with breakeven profitability, management intends to focus on establishing net income traction in 2008. Additionally, management discussed specifics of the operations in China and Mr. Danner's new role with the company. The interview is now available on www.CEOcast.com. 25% Forecasted 2008 Growth to Profitable $50 Million in Revenue
NewMarket China recently announced a 2008 forecast anticipating twenty-five percent growth to $50 million in profitable revenue. The Company reported $29.5 million in revenue in 2006 and estimates reporting $40 million in revenue for 2007. The Company has already reported $27.9 million in revenue for the first three quarters of 2007 and has maintained breakeven profitability for the last two years. The anticipated revenue increase is based on expected organic growth from current operations. Management is considering acquisition opportunities as well as investments to increase sales in North America, fulfilled from its Chinese operations. Any potential revenue from prospective acquisitions will be added to the 2008 forecast after any acquisition is completed.
Micros Research Report Fair Value Target Price of $0.83
Separately, research coverage of NewMarket China was initiated by Micros Report recently. The report states, "With three years of operational history in mainland China and roughly $90 million in aggregate revenues, NewMarket China is an interesting young company that is proving its high growth business model in a high growth geographic area. The company was formed in 2005, setting its sights on the technology industry and the upshot potential in China specifically."
The Fair Value Target price for NMCH of $0.83 was established using a peer comparison study and widely accepted valuation methodologies including Price-to-Earnings, Price-to-Book, and Price-to-Sales. The Analyst Report can be viewed in its entirety at http://newmarkettechnology.com/MicrosReport_NMCH_20071231.pdf.
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