DFTS .15 January 12, 13
(COMTEX) B: NewMarket Technology Inc and Defense Technology Systems Inc to
Present at Friedland Capital Homeland Security Forum
B: NewMarket Technology Inc and Defense Technology Systems Inc to Present at Fri
dland Capital Homeland Security Forum in New York and Philadelphia Companies Pla
to Combine Homeland Security Operations for Projected $12 Million in Revenue in
2005
DALLAS, Dec 30, 2004 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT)
and Defense Technology Systems (OTCBB:DFTS) today announced that both companies
will present their plans for the Homeland Security Market in 2005 at the
Friedland Capital Homeland Security Forum in Philadelphia on January 11th and
New York City on January 12th. Mr. Philip Verges, the CEO of NewMarket
Technology and a graduate of the United States Military Academy at West Point,
will present on the Homeland Security Market and the combined companies' plan to
reach $12 million in revenue in 2005. The Friedland Capital Homeland Security
Presentations will be held at luncheon venues. To attend, contact Friedland
Capital (for phone numbers and email, see www.friedlandevents.com).
Defense Technology to Acquire NewMarket's Homeland Security Subsidiary
The two companies have previously announced that Defense Technology Systems will
acquire NewMarket Technology's Homeland Security Business in a stock
transaction. Defense Technology will issue Preferred Stock in exchange for the
Common Stock of the NewMarket subsidiary. The CEO of NewMarket Technology,
Philip Verges, will join the three member board of Defense Technology. NewMarket
plans to convert an estimated twenty percent of their Preferred Stock position
into Common Stock of Defense Technology and subsequently issue that Common Stock
to NewMarket shareholders in a property dividend. Specific terms of the
transaction will be announced once they are finalized.
2005 Homeland Security Business Plans and Forecast
The combined business operations will represent an estimated initial annualized
revenue of $6 million. The current plans to expand operations to $12 million are
based on the combined management's estimate of organic sales growth opportunity
from marketing and operating synergies. Management will also implement a merger
and acquisition strategy to expand Defense Technology Systems Homeland Security
Product Portfolio that could raise revenue expectations in 2005.
A Homeland Security PowerPoint Presentation is available to interested investors
by e-mail by contacting LCGroup@mindspring.com
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging
communication technologies to market. The plan included a financing model for
early technologies and an approach to creating economies of scale through a
specialized service and support organization intended specifically for the
emerging technology industry. The Company posted six consecutive profitable
quarters through 2003 and established an annualized $15 million in revenue. In
2004, the Company diversified its communications technology offering into the
healthcare and homeland security industries with the respective acquisitions of
Medical Office Software Inc. and Digital Computer Integration Corp. The Company
has expanded sales into Asia and Latin America through the acquisitions of
Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela.
Recent Analyst Review of NMKT with a Target Share Price of $1.25 - $1.50
NewMarket has been recently reviewed by analyst Michael Scheft for their
innovative approach to developing emerging technology opportunities and
monetizing for shareholders the tremendous equity appreciation potential that
can result from the successful development of those emerging technologies. Mr.
Scheft is an independent research analyst and editor of Scheft Ticks, an
equities newsletter providing unique insight to the markets since 1987. Mr.
Scheft has appeared regularly on CNBC and Financial News Network and is a weekly
guest on GEM radio, along with several other financial programs throughout the
country. Mr. Scheft's buy recommendation maintains a 12-month target for the
shares of NewMarket at $1.25-$1.50, with the potential for strong upside
surprises.
About Defense Technology Systems Inc.
Defense Technology Systems, Inc. is an international provider of data and
security solutions with two operating divisions.
The Company's Defense Systems division was created in response to growing
international security concerns. DWS offers a broad portfolio of
security-related products, including ballistic glass and associated security
systems, and the only Security Portal certified for Ballistics and Forced Entry
by the U.S. Department of State. The highly skilled DWS Defense Systems team,
working in collaboration with its partners, will design, develop, manufacture,
install and market specialty products, equipment, and systems for the safety and
security needs of all sectors of the domestic and international marketplace.
The Company's Data division is a multi-regional manufacturer of electronic cable
assemblies used in providing connectivity solutions for customers operating a
wide range of data systems to include linking or connecting standard or
proprietary electronic devices and peripheral components from different vendors
to provide solutions for various customer equipment configurations and
requirements. The Data division adds value by providing connectivity solutions,
which may also include distributed sales of passive components such as
electronic connectors, electronic wire and cable, cabinets and racks and patch
panels, and active components including hubs, bridges, routers, gateways and
modems.
For more information on Defense Technology Systems, Inc. visit:
www.dwsdefense.com and www.dataworlddirect.com.
This press release contains statements (such as projections regarding future
performance) that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those projected as a result of certain risks and uncertainties, including
but not limited to those detailed from time to time in the Company's filings
with the Securities and Exchange Commission.
SOURCE: NewMarket Technology Inc.
CONTACT: NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
Copyright (C) 2004 Business Wire. All rights reserved.
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KEYWORD: TEXAS PENNSYLVANIA NEW YORK
INDUSTRY KEYWORD: AEROSPACE/DEFENSE
GOVERNMENT
TELECOMMUNICATIONS
NETWORKING
TRADESHOW
Copyright
Business
Wire
2004
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THE STANDOFF
