Expands Board of Directors
Thursday , March 02, 2006 15:33 ET
DALLAS, Mar 02, 2006 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT) today announced that Ken Blow will join the NewMarket Board of Directors. The addition of Mr. Blow will expand the NewMarket Board to a total of five directors, including three independent directors.
NewMarket is building a new business model to change the current high-tech research and development process. The model combines traditional systems integration services with a unique approach to incubating and developing emerging high-tech products. Each high-tech product resides in an independent subsidiary. As emerging high-tech products mature and initial sales are generated, NewMarket plans to spin-off the independent subsidiaries by issuing spin-off stock to NewMarket shareholders.
NewMarket founded its paradigm shifting business model in North America and ranked Number 13 on the 2005 Deloitte Technology Fast 500. In the past two years, NewMarket has launched its business model in China and Latin America. NewMarket has grown over 18,000% in five years to over $50 million in annualized profitable revenue in 2005 (un-audited).
Ken Blow is the CEO and founder of Information Services Group, Inc. (ISG). ISG was founded in 1988 as a Dallas-based, 100% minority-owned IT corporation. ISG has performed services for companies such as: Dow Chemical (NYSE:DOW), NEC Corp (Nasdaq:NIPNY), Johnson Controls (NYSE:JCI), Dean Foods (NYSE:DF) and EDS (NYSE:EDS).
ISG holds the record for winning the largest professional services contract ever awarded to a minority firm in the state of Texas. In 1994, ISG was awarded a $25.2 million contract to re-engineer the state's Medicaid Contract in Austin, Texas for the Department of Health.
Ken Blow graduated from Prairie View A&M University in 1979 with a BA in Finance. Ken Blow is on the Advisory Board for the College of Business for Prairie View A&M.
Ken Blow started his career with Xerox Corporation (NYSE:XRX) as a marketing representative and then moved to Digital Equipment Corporation as a major account manager in the energy market. His last corporate assignment was with Microtel Pacific Research in Vancouver, British Columbia where he was a national account manager.
"I am excited to have the opportunity to work with a young, energetic company like NewMarket," said Mr. Blow. "NewMarket's vision to develop its new high-tech R&D business model is compelling. I believe my history and experience in the information technology community will help expand NewMarket's organic sales and further build market awareness of the Company's revolutionary approach to R&D."
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