NewMarket Technology (fka NWMT)

[intercepter72]

Mr B, have you read this? It talks about short selling.

Ofcourse, it is Mr. Verges talking about alleged illegal trading. There is no "proof" offered, just speculation. But EVEN doesn't believe anything Mr. Verges says at all so I saw no reason to post it for him.


http://www.ipvoice.com/press_article.asp?id=145

Press Releases
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NewMarket Technology Inc. Addresses Shareholder Concern Regarding Suspicious Stock Trading Activity and Share Price
Date: 6/22/2004

Company 2004 Objectives Still on Track for $50 Million in Annualized Revenue in 2004 and $20 Million in Booked Revenue; Operational Profitability by Year End
DALLAS--(BUSINESS WIRE)--June 23, 2004-- NewMarket Technology Inc. (OTCBB:IPVO - News) today released a letter to shareholders to address shareholder concern regarding the recent stock trading activity and share price of the company's stock. The letter is included in this press release in its entirety.

Dear Fellow Shareholders -

I share everyone's disappointment in the recent IPVoice share price decline. The Company has received a large number of emails and calls regarding this situation and it has been a challenge to return all the calls in a timely manner. Therefore, this communication is intended to address and alleviate the concerns we have received in email and over the phone.

The recent share price decline cannot be simply tied to any recent change in the Company's day to day operations. The Company is proceeding operationally according to the previously announced 2004 business plan. We do not anticipate stepping away from the 2004 objectives of reaching $50 million in annualized revenue by the end of this year nor realizing a total of $20 million in booked revenue for the year. We still plan to achieve operational profitability by year-end. I can think of no operational event that could account for the recent decline in share price. In fact, I believe the Company is operationally in better shape today than when the share price reached a high of $1.35 two months ago.

Like all of you, I can only speculate as to any possible external cause for the recent share price decline. There are some suspicious situations that we are investigating. In addition to addressing specific suspicions, we are also taking some general precautionary measures to counter other possible issues frequently faced by OTCBB listed companies. Our primary strategy to address the current share price decline is to stay on course and operationally grow the Company according to plan and build on the fundamentals of revenue growth and profitability. We are confident that our ongoing operational performance will in time overcome any nefarious external force otherwise negatively impacting the price per share.

Specific Suspicions

As previously announced, IPVoice has been listed on the Berlin Exchange without notice, let alone our permission. Many allegations have recently been discussed in the press regarding a possible arbitrage on the US markets leveraging stock that might not exist on the Berlin Exchange. Officials at the Berlin Exchange have acknowledged this is a possibility. Definitive evidence verifying that such an arbitrage is in fact being practiced has not yet been made public, if it exists at all. Nevertheless, we have engaged an attorney in Germany and have demanded to be de-listed. We are in communication with the appropriate parties in Germany, but as of yet our demand has not been satisfied. We are diligently continuing in our efforts to be de-listed.

While there is a belief by some in the stock trading community that conversations that take place over online bulletin boards do not really impact share price, I think I would be remiss if I did not address the vehement nature of recent allegations against IPVoice management on Terra Lycos' Raging Bull. It is suspicious that a number of individuals recently began making unfounded allegations around the same time the price per share began to decline. Many of the allegations have violated the rules set forth by Raging Bull and even created legal implications. Accordingly, the offending individuals and their posts have been deleted only to have the individual brazenly return under a new identity and begin making the same allegations, thus prompting questions as to their incentive and agenda.

The posts are clearly orchestrated to create shareholder concern. Many of the posts state information in quotation marks and claim the information is from an IPVO Corporate SEC filing when, in fact, the alarming verbiage comes from another company's filing altogether. Other posts make allegations that the Company is not in compliance with SEC rules. While the SEC has not issued any proclamation of IPVoice non-compliance, these individuals again create shareholder concern. These examples only represent a very small portion of the orchestrated efforts on Raging Bull to create fear, uncertainty and doubt. Please keep in mind, Terra Lycos does not take responsibility for the veracity of the statements, so IPVoice is limited in its ability to take action against slander. The posting individuals are anonymous and their anonymity has been protected by Terra Lycos in court, so it is also difficult for IPVoice to take action against the individuals that have made false and slanderous statements.

The Company has received a number of questions regarding these false claims on Raging Bull. So, in order to alleviate some shareholder's concerns and answer the frequently asked questions being fielded by the Company, the following information is being disseminated:

1) Please know that no one in management is selling stock or currently has plans to sell stock.

2) No registration statement is currently being considered in conjunction with any recent fundraising.

3) The Company has not issued any warrants in over two years.

4) Any warrants that might have been issued prior to two years ago, which have not expired, have an exercise price dollars above the current share price.

5) The Company has not entered into any convertible financing engagements that can convert into stock at a discount of the share price at the time of conversion.

6) The Company does not have any convertibles from financing currently eligible for conversion.

7) However, the information on Raging Bull indicating that I am a registered Republican is correct.

Counter Measures

To mitigate any potential naked short selling that the shareholders may be suffering, we have accelerated plans to change the Company's name. Accordingly, once we have confirmation from the State of Nevada regarding our name change to NewMarket Technology Inc. we will file for a ticker symbol change and a new CUSIP number. Technically, this should require brokers to exchange old certificates for new. However, in practice we do not anticipate all brokers will comply with this requirement. We do anticipate that those brokers that do comply will affect some resistance on any shorting strategy that may be impacting the current share price. All IPVO shareholders will automatically receive the same amount of shares of NewMarket Technology Inc.

We are also aggressively exploring opportunities to exit the OTCBB exchange and move to a new exchange. We are in active conversations with another US exchange and in the process of finalizing the application. The Company has always had plans to move to a higher caliber exchange, but we are now accelerating these plans in order to generate a necessary reconciliation of accounts that are naked shorting the stock. We also believe that a higher caliber exchange will mitigate our exposure in the future to naked shorting with their requirements that short interest needs to be reported and stock loan requirements are regulated.

To counter the current Raging Bull mudslinging campaign we intend to increase the frequency of our communications. We will initiate a Corporate subsidiary press campaign. The NewMarket subsidiaries are making progress everyday toward their own specific objectives. This progress is sometimes nothing more than a $5,000 sale or a standards certification. However, we believe it is important in the face of the current misinformation campaign to reassure shareholders and make certain the investment community is aware of even the small day to day progress NewMarket is accomplishing at the subsidiary level.

Again, all these counter measures are only supporting efforts to the ultimate strategy to overcome the negative external forces depressing the current price per share. Ongoing performance and fundamentals over time will win in the end. Even if the external activity proves to be illegal, it cannot overcome the Company's operational success. As we continue to meet 2004 objectives for organic growth, acquisitions and profitability shareholder confidence will improve and speculative short positions will have to cover.

Thank you for your ongoing support.

Philip Verges
CEO
NewMarket Technology Inc.