NewMarket Technology Inc. Conference Call Forecasts Qtr to Qtr Growth for Q1 '06, Spinoff Dividends to Shareholders and Chinese Software Center
Friday April 7, 9:52 am ET
Management Reviews Fiscal Year 2005 of $50.1 Million in Revenue with $2.9 Million Profit and Probability of Increase in 2006 Revenue Growth Forecast
DALLAS--(BUSINESS WIRE)--April 7, 2006--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced a summary of the conference call held yesterday after the market close. The well attended call had more than 300 listeners and reached full capacity. For all subsequent quarterly conference calls, the Company will offer a webcast option. This conference call was recorded and will be posted on the Company's website in its entirety next week.
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On the call, the CEO, Philip Verges, and CFO, Philip J. Rauch, reviewed the Company's 2005 financial report emphasizing improved cash flow and cash on hand, while indicating that the improvement would mitigate or eliminate any future use of equity to form capital or acquire operating assets.
Other notable topics discussed on the call included:
Over the next twelve months, the Company expects to declare dividends to shareholders in the form of stock in the spinoffs of the System Integration, VoIP, and NewMarket China subsidiaries, with NewMarket Technology retaining a majority equity interest.
The operational results of recently acquired UniOne in Brazil with 2005 revenue of $14 million would be consolidated for the first time in NewMarket's financial results for First Quarter 2006 due to be filed by May 15.
The operational results of the Company's ongoing initiative to acquire additional "UniOne" type operating assets could result in significant upward revisions of the Company's current 2006 forecast, with little or no impact to the issued and outstanding.
Additionally, the operational results of the Company's recent initiative to add Information Technology Business Process Outsourcing (IT BPO) contracts could also result in a substantial upward revision of the Company's current 2006 forecast, with minimal or no impact to the issued and outstanding.
The Company will open a Chinese Software Development Center in North America to feature the efficient high quality application programming and maintenance services available from China within the next few months. The Development Center will support NewMarket's sales of IT BPO fulfilled from its operations in China.
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