NewMarket Technology Inc. Announces Signing Service Agreement with Wireless Broadband Company
Friday December 2, 9:30 am ET
Two Year Contract Represents Minimum of $2 Million Revenue with High Potential for Increase
DALLAS--(BUSINESS WIRE)--Dec. 2, 2005--NewMarket Technology Inc. (OTCBB:NMKT - News) today announced signing an agreement with RedMoon Inc. to support RedMoon's continued rollout of wireless broadband services. The base two year service contract supporting RedMoon is worth $2 million with a high potential to increase overall revenue for NewMarket as RedMoon deploys its services to more municipalities. RedMoon's revenue is expected to increase from $2.5 million in 2005 to over $10 million in 2006.
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RedMoon recently announced the completion of the first fully Wi-Fi city in Texas (Addison, Texas) and one of only a few Wi-Fi municipalities in the nation, enabling residents and visitors full coverage access to the Internet in the city limits of Addison. Municipalities are able to benefit from full mobile coverage for Fire and Rescue, Public Safety, EMS, Police, Surveillance and Monitoring, and Meter Reading. With RedMoon's services, Addison's more than 100,000 citizens and daily visitors are able to enjoy wireless access from their homes, cars, restaurants and community parks throughout the city at hourly, daily and monthly rates. Commercial account rates are individually negotiable. Through an agreement with Airpath Wireless, RedMoon subscribers will have access to a global footprint, or "hot spots" outside of Addison in areas where roaming capabilities are available.
About RedMoon Inc. (www.redmoonbroadband.com)
RedMoon Inc., one of the nation's leading providers of mobile data network systems, specializes in the engineering, design, construction and maintenance of city-wide mesh and fixed wireless networks. RedMoon provides wireless high-speed Internet service, as well as support and billing management systems. RedMoon focuses its expertise on the deployment of mobile broadband networks that cover all aspects of Public Safety, including Police, Fire and EMS. RedMoon's unique MetroMesh technology provides full coverage, enabling city agencies to access the tools necessary to efficiently handle both emergency and non-emergency situations. NewMarket Technology (OTCBB:NMKT - News) is currently a RedMoon equity partner holding a minority ownership position in RedMoon.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
