NewMarket Technology Inc. Previews Dec. 15th Shareholder Town Hall Meeting On Aligning Market Value Growth with Sales and Profit Growth
Qtr to Qtr Revenue, Income and Shareholder Equity Has Grown Steadily at Double Digit Rates for Two Years As Market Cap Lags With Only 2% Increase
DALLAS--(BUSINESS WIRE)--Dec. 8, 2005--NewMarket Technology Inc. (OTCBB:NMKT) today released a preview of next week's 4th Annual Shareholder and Investor Town Hall Meeting. The main topic of the meeting will be aligning public market capitalization growth with sales, profit and shareholder equity growth by noting the following:
After two years of dramatic growth, the Company's public market capitalization value has increased by only 2%
Revenues have increased quarter-to-quarter on average by 40% over the last eight quarters
Shareholder equity has increased quarter-to-quarter on average by 29%
Average quarterly profit growth has exceeded 500% with notable significant increases in specific quarters that substantially increase the overall average
NewMarket ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America
In spite of market leading results, the public market capitalization value (the number of issued and outstanding shares multiplied by the share price) has remained relatively unchanged
"The good news is that NewMarket's business continues to expand rapidly at a very healthy rate while establishing a sound financial foundation," said Philip Verges, CEO of NewMarket. "The not so good news is that our share price and corresponding market capitalization does not reflect the Company's progress. I know our long-term shareholders are frustrated with the current share price and want to understand why the share price is not increasing in response to the Company's growth. Understandably, shareholders want to know what management's plans are to change this anomaly. They deserve an answer. I look forward to covering this subject directly at the Shareholder Town Hall with a presentation which will draw a clear picture of the dynamics influencing share price today. I will address what management acknowledges could have been done better over the past two years and how we are responding to lessons learned. In addition, the Company will cover Over the Counter market specific dynamics and how the share price correlates more strongly to the issued and outstanding rather than revenue, profit and shareholder equity performance. More importantly, I will present the Company's strategy to overcome Over the Counter market specific dynamics and shift the predominate share price focus from the issued and outstanding to the obviously solid financial performance. Shareholders and potential investors attending the Shareholder Town Hall or viewing the presentation online afterwards will find the presentation enlightening, if not surprising. Long-term shareholders will get the answers they deserve directly from management and interested new investors will find the qualifying investment criteria most require for their portfolios. All of us at NewMarket feel strongly that we are establishing a new category in the technology market and blazing a trail for the development of genuine businesses in the Over the Counter environment. We welcome all interested parties to come to the Shareholder Town Hall and learn why we are confident that NewMarket's growth and financial performance will be reflected in its share price in the near future."
The Annual Shareholder Town Hall Meeting will be held at the Marriott Town Center in Boca Raton on December 15th at 2:30 p.m. EST. A special meeting on the overall business opportunity environment in China, in addition to a review of NewMarket's operations and plans in China will be held the following day in Boca Raton on December 16th. NewMarket shareholders and interested investors are invited to attend both; however, seating will be limited for the China meeting.
Please contact Jessica Burnett at jburnett@newmarkettechnology.com or 214-722-3063 if you would like to attend either meeting.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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) 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
