2005-05-03 10:33:02 NewMarket Technology Inc. Signs $6 Million Voice over Internet Protocol Contract; Contract to be Serviced by NewMarket Subsidiary Xiptel Communications
DALLAS--(BUSINESS WIRE)--May 3, 2005-- NewMarket Technology Inc. (OTCBB:NMKT) announced today the signing of a $6 million Voice over Internet Protocol (VoIP) contract to be serviced by its subsidiary, Xiptel Communications. Xiptel will provide VoIP service to another telecommunications service provider enabling the service provider to upgrade its existing service. The contract term is for three years with $2 million expected in the first year of service. Management anticipates the
buys are coming in...it's just starting to respond to the news...
Posted by glassman on :
you chart guys oughta love this one...
my daily chart shows RSI coming right off 30 and headed due north...
stochostics show it coming off too...
Posted by Raptorsrule on :
I got in this one the last time when it hit .42 about a month ago. Been waiting to go sky high, any day now. It's revenue was over 1000% from 2003. $24.9 Milliion, company expects $75 Mil this 2005 year.
Posted by glassman on :
this was a Naked short target for awhile..
people are not sure about it....
i have followed them for a long time and this is the first time i've bought into it since the new year...
Posted by pensandoenti67 on :
Glassman, what do yo mean Naked short? What is the SHO list?
Thanks
I bought into then I heard it was on the SHO, I was starting to regret, however it looks very promising.
Posted by glassman on :
sometimes they oversell and can't deliver the shares...
once a certain threshold level of shares sold and not DELIVERED is reached? they go on the list...
this is bad becasue we are playing supply/demand in this game, and if they feel like it? they can sell all day long...i genrally avoid stocks on the list...but i have missed some really good plays by doing that...
think about it tho...if the MM's are selling and NOT buying? they expect to buy back for a better price at some time....(they do get short-squeezed tho, i've seen it)
Posted by pensandoenti67 on :
Thanks
I don't see NMKT on the list, it must have been taken lately.
Posted by glassman on :
you can see the historical lists... it's a hassle to read them in this format tho...
Posted by glassman on :
just hit the wire...looks pretty HUGE!
2005-05-04 10:16:02 NewMarket Technology Inc. to Execute Up to Three LOI Acquisition Agreements with $50 Million in Annual Revenue Potential on Upcoming China Trade Mission; NewMarket Management and Investors Depart May 19 for China
DALLAS--(BUSINESS WIRE)--May 4, 2005-- NewMarket Technology Inc. (OTCBB:NMKT) announced today details regarding its third Trade Mission to China with a departure date for management and investors scheduled for May 19. NewMarket will fulfill the local requirements for recognizing its first business acquisition, Gaozhi Communications, under Chinese regulations. The purchase agreement was executed earlier this year subject to a review by Chinese authorities. NewMarket also expects to execute up to three additional Letter of Intent (LOI) agreements to acquire three additional Chinese companies with a combined revenue exceeding $50 million in annualized revenue.
Posted by Raptorsrule on :
Yeah baby!.....zoom zoom....
Posted by BuyTex on :
what's the L2s on this one, guys?
Posted by Raptorsrule on :
Bid...3 at .46 1 at .47
Ask...1 at .479 2 at .49
Posted by Dustoff101 on :
I'm in at .47
Posted by glassman on :
uh, oh, there goes the neighborhood Posted by Dustoff101 on :
Yep, your all going into a higher tax bracket
Posted by Raptorsrule on :
Welcome dust....looks like glass has done it again...
Posted by glassman on :
sheesh, now i'll have to mow the lawn once a month... Posted by Dustoff101 on :
peaser, might be looking for odd jobs.
Posted by glassman on :
i doubt i can afford him...he finds more trades than i do....
Posted by Triumph1902 on :
In at .47, lets roll..
Posted by vg on :
how long r guys staying in nmkt for? where do u think it'll go to?
Posted by Dustoff101 on :
market cap =$39,470,134 at .47 S/O 83,979,008 P/E 47.00 ,,,Last quarter cash on hand $1,395,000
classy little stock with large upside...Geesh I can actually hold this one..I have a bid in for another 1500 shrs. at .46
Posted by glassman on :
yeah, it's only this cheap cuz it was naked shorted...
i moved it to the "top shelf" watch list when it came off the SHO list...
MRKL may come off today, but that in itself won't make it run...
Posted by vg on :
ur good man abt the SHO list but i think MRKL is already going up if u want to check it out
Posted by glassman on :
that's why i think MRKL'll be off the list tomorrow...
hard to be sure... we'll see...
Posted by Dustoff101 on :
glassman they actually have employees [ 75 ] !!! refreshing huh..Man, some of the stocks I have been trading lately did'nt have any!...Ah, fresh air. PS I filled on that down tick to .46
Vg.. NMKT has 75 employees
[ May 04, 2005, 12:43: Message edited by: Dustoff101 ]
Posted by <RebelYell> on :
It hit .55 just a couple of weeks ago. Been swinging this for awhile. Got in this time at average of .41. Good trading to all.
Posted by vg on :
who has 75 employees?
Posted by pensandoenti67 on :
Been it for about a month, company has great future and so do we. How long to stay in, this will be $2 by xmas...
Posted by Raptorsrule on :
Nice stacked bid....5 @ .46
2 on the ask @ .47....
Posted by Dustoff101 on :
Raptorsrule...Hey man, I quess we will just have to find a stock for the [ glassman ] poor old fella can't afford to have his lawn mowed...Real eye sore!! Might make the value of my new home purchase go down..
Posted by glassman on :
well, if i could just sell one of the cars or trucks setting on the blocks out there? i could probly afford somebody...
Posted by Raptorsrule on :
Heck I'll mow it for free if he keeps finding picks like he has lately....
Posted by Dustoff101 on :
raptorsrule..Ya think that old codger [ the glassman ] is gonna bill us, like Peter Leeds or sumpin? I wonder if he will fix up that shack with the half moon out there with all dem trucks an such...Really LOL NOW, OOPS NO MORE STOCK TIPS
Posted by Raptorsrule on :
I'm not paying that hick...(that coming from a Texan)....LOL
You didn't know???? Glass go ahead....tell him you really are Leeds...LOL
Posted by glassman on :
moonpotty needs a new roof... Posted by Dustoff101 on :
raptorsrule....now we done did it, he's a comming after us, run like hell...
Posted by glassman on :
hey i'm pooped...y'all need to "point" out some picks for awhile...LOL
Posted by Dustoff101 on :
All this news has to sink in...Some sold into news...I look for a better close tommorrow...IMHO
Posted by Dustoff101 on :
WON'T fill my order!
Posted by Triumph1902 on :
Lot of buys at the end..Should do well tomorrow.
Posted by Raptorsrule on :
I think, but am not confident, this formerly IPVO will drop one more time before moving up. This drop of which I write should not amount to more than four to six cents, a drop to .41 or so with low volume sidewards trading following.
News is decent, yes. Very strong down trend since the first of the year might prevail. Today's trading displays upward pressure and downward pressure to be equal in strength; not enough upward pressure yet.
Upward resistance kicks in at .50 per share leaving only a four to eight cent margin on a low volume spike, intraday. Looks ok for fast single day trades.
My opinion, which is doubtful, is to watch for a double bottom to form Friday through Wednesday of next week, then watch for increasing upward pressure to start forming.
Be careful on market close spikes. Quite often that is market makers front running into high bids they sat upon all day. My experience is a market close upward spike will make for a higher next day open followed by falling share price during the day.
There is cause for upward movement, but I am not so sure this will happen just yet.
Purl Gurl
Posted by blue_in_MI on :
well, if past history is any indication, NMKT is likely to drift back to .41 or so and stay there for awhile.
a very odd stock, been following a long time. the way i am trying to play it is to: hold half long, and swing the other half continuously, selling into any decent news.
Posted by blue_in_MI on :
i do like NMKT, btw - didn't mean to sell it short in that last post. i own NMKT - huge growth, mildly profitable so far, hopefully more so in the future. but ever since it's "fall from grace", NMKT has had a lot of trouble sustaining any upward motion. still, i think it will eventually see $1 again - may be 2 years off, but i think will get there. i wish verges would stop talking about naked shorting in his PR's though, i admit.
Posted by pensandoenti67 on :
ditto on what blue says, this company share price will see $1 by year's end.
Posted by glassman on :
yeah, i agreetoo, i'm not even watching the trades on it..
the China deals SHOULD kick this one well...
Posted by pensandoenti67 on :
it will be a couple of months with the slow summer trading season coming, I'm keeping this one for my christmas bonus.
Posted by glassman on :
well it didn't do too bad late last week, in spite of the negativity news today, more acquistion.....
2005-05-09 09:22:12 B: NewMarket Technology Inc. Signs Letter of Intent Agreement to Acquire Corsa Networks with $7.6 Million in Annual Revenue; Acquisition to Enhance Voice over Internet Protocol Strategy
DALLAS, May 09, 2005 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT) announced today entering into a Letter of Intent (LOI) agreement to acquire Corsa Networks. The acquisition will enhance NewMarket's Voice over Internet Protocol (VoIP) Strategy. Corsa will be combined with NewMarket's VoIP subsidiary, Xiptel Communications. Corsa is a five-year-old IP systems integration firm specializing in the construction of secure communication networks. Corsa reported $7.6 million in profitable annual revenue for 2004 and expects to report $9 million in 2005.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
Posted by pensandoenti67 on :
This company will take over the VOIP or will merge with one the big Three SBC, Verizon or Vonage.
Posted by cruz on :
don't count out EGHT (Packet8)
Posted by Dustoff101 on :
I pulled the plug...Needed the money for PLNI...
Posted by charger on :
I have a buy in for .40... should be a good entry
Posted by Raptorsrule on :
Dust...me too...
Good one to keep an eye on though....
Posted by pensandoenti67 on :
Good luck, to all of you leaving.
Posted by Raptorsrule on :
Thanks....I'll be back:)
Posted by Dustoff101 on :
I'll be back to.
Posted by vg on :
yes mee tooo although i'm already in but will be back for more
Posted by Triumph1902 on :
I'm still in and expecting some movement late this week early next week. Just a hunch;).. I hope I'm right.
Posted by pensandoenti67 on :
I had QSC, bought it at .49 for two months it didn't do a thing, up or down tow cents every day. Good company and good revenue and future. I became desperate and sold. A week later it hit .84 cents.
NMKT has a much better future and much more revenue, and less legal issues, it will be a matter of time before it goes Kabooom.... I say by May 20th we should see a slow but upward climb to close to $1
Between that day we will see .41 again then I'm loading on some more
Posted by josebezme on :
NewMarket Technology Inc. Reports Record Quarterly Revenue of $10.1 Million and 3rd Consecutive Profitable Qtr for Q1 2005 Representing 382% Growth Over Q1 2004 DALLAS
CEO Comments on Anticipated Explosive Growth Throughout 2005 and Future Stock Price Potential
NewMarket Technology Inc. (OTCBB:NMKT) today filed SEC Form 10QSB reporting the Company's financial performance in the first quarter of 2005. The Company realized 382% growth in profitable revenue for the quarter compared to the same period last year. NewMarket reported over $10.1 million in revenue with a profit of more than $200,000 in the first quarter of 2005 compared to revenue of $2.6 million and a net earnings loss in the first quarter of 2004.
"NewMarket has grown explosively since 2002 from annual revenue of $1 million to annual revenue in 2004 of $25 million," said Philip Verges, CEO and Chairman. "We anticipate ongoing explosive growth through 2005. The Company is on track to realize our 2005 $75 million revenue forecast and we continue to plan for similar explosive growth in 2006 and beyond. We do not believe the current share price reflects the Company's market potential. The Company's revenue grew over 1000% from 2003 to 2004 and at the same time shareholder equity increased from $5 million to over $17 million. Yet the Company's market capitalization has not increased to reflect the improved financial stability and performance. In other words, the number of shares multiplied by the price of the stock, reflecting the overall market capitalization or market value of the Company, has not increased. While more stock has been issued in conjunction with the execution of a merger and acquisition plan, the share price would still have had to increase for the market capitalization to have grown in response to the increased revenue, profits and balance sheet assets. Management believes the market has had difficulty recognizing the potential of the new technology category NewMarket is defining. We further believe the share price has been burdened by environmental trading conditions specific to the over the counter market. We are confident that the realization of anticipated performance benchmarks in 2005 will result in a breakthrough of the communication barrier impeding the market's current understanding of NewMarket's ground breaking progress in defining a new technology business category. We are further confident the Company will outgrow and overcome the conditions specific to the over the counter market that inhibit the share price from reflecting the intrinsic value of the Company."
News seems to be doing nicely.
Posted by blue_in_MI on :
looking at the chart for NMKT, a definite overall downtrend the last 6 months with what look to me like bottoming signs -
risk/reward looks pretty good to me from the low-.40's, hard to see it going back to the .30's again *if* they can keep up good reports like yesterday.
am sure will be a bit of a struggle to slowly move up, but - am going to take my chances and hold a small amount of NMKT long-term and see what verges can do with the company over the next few years, we'll see. HOM and NMKT have generally just done swing-trades on both in the past, but both strike me as having enough consistent growth in their businesses to try as a longer term hold.
Posted by BuyTex on :
bizwire release ---->
NewMarket Technology Inc. to Present at Southern California Investment Association's National Small Cap Conference June 4th in Orange County; Recent Defense Technology Systems Inc. Deal to be Featured TUESDAY, MAY 31, 2005 12:56 PM - BusinessWire
NMKT 0.47 +0.01
Enter Symbol:
Enter Keyword:
NewMarket Technology Inc. (NMKT) today announced that it will present an overview on the Company's recent performance and 2005 forecast at the Southern California Investment Association's National Small Cap Conference June 4th in Orange County. NewMarket Technology specializes in the market introduction of emerging technologies by packaging emerging technologies with current brand name technologies. NewMarket has grown from $2.3 million in revenue in 2003 to $25 million in profitable revenue in 2004. A unique shareholder benefit resulting from the NewMarket business model is a recurring dividend feature through periodic spin-offs. As emerging technologies mature, NewMarket moves the emerging technology into a standalone company with a marketable security independent of the equity of NewMarket. Most recently, NewMarket sold its Homeland Security subsidiary to Defense Technology Systems Inc. (DFTS) with plans to issue Defense Technology Systems stock to NewMarket Shareholders in a dividend issue to be declared later this year.
In conjunction with the Homeland Security deal, Defense Technology Systems recently implemented a revitalization and redirection plan leveraging its experience in providing digital communication infrastructure solutions to Fortune 1000 companies in order to expand into providing overall Homeland Security solutions to major metropolitan municipalities. Through the acquisition of NewMarket's subsidiary, Defense Technology has a trailing twelve month revenue of $5 million. Defense Technology management intends to build a comprehensive Homeland Security product portfolio through an ongoing acquisition campaign geared to transform Defense Technology into a significant participant in the Homeland Security and Defense sectors.
The Southern California Investment Association, Inc. (SCIA) Small Cap Conference will be held from 7:15 a.m. - 1:30 p.m. Saturday, June 4th, at the Orange County Airport Hilton (1-800-Hiltons or 949-833-3331 for hotel reservations only), 18800 MacArthur Boulevard, Irvine, Calif. 92612, conveniently located across from the John Wayne Airport (SNA). Registration required.
About Southern California Investment Association (www.sciaonline.org)
SCIA National Small Cap Syndicate is a comprehensive national organization developed to facilitate stock support and capital formation for small to medium listed and emerging-growth companies. The alliance consists of almost 200 member firms including NASD broker/dealers, investment and merchant bankers, investment advisors, analysts, financial service managers, market makers, venture capitalists, fund managers, media and accredited investors. This team of over 300 key industry professionals provides a wide range of services including, but not limited to, equity and debt financing, market making, mergers and acquisitions and corporate security strategies.
Conference sponsors include: Paulson Investment Company, Inc., The Largest Independent Brokerage Firm in the Pacific N.W., www.paulsoninvestment.com; Preston Gates & Ellis LLP, Law Firm Committed to Diversity, www.prestongates.com; Continental Stock Transfer & Trust Co., Great Value with Flawless Executions, www.continentalstock.com; Trilogy Capital Partners, Inc., Financial & Communications
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. concentrates on the market introduction of new technologies. NewMarket continuously acquires undiscovered emerging technology companies and incorporates the products of the acquired companies into NewMarket's overall product portfolio. New technologies are packaged with complimentary recognized brand name solutions such as Microsoft (MSFT) and Cisco Systems (CSCO) . NewMarket has introduced a new business model that augments the profitability of conventional sales by monetizing the business value increase that results from the market introduction of a new technology. NewMarket's innovative business model also monetizes the resulting business value increase for shareholders by issuing stock in the acquired emerging technology companies to shareholders through dividend declarations. After reporting $2.3 million in 2003 revenue, the Company reported $24.9 million for 2004 with a net profit of $574,087 and has forecasted 2005 revenue of $75 million. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security, and Financial Services industries. NewMarket has operations in North America, Latin America, China and Singapore.
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.
started moving up slowly the past two days anyone know why? I dont see any news
Posted by Dustoff101 on :
glassman and raptor might be buying the company...hehe
Posted by vg on :
NewMarket Technology Inc. (OTCBB: NMKT - http://finance.yahoo.com/q?s=NMKT.OB ) NewMarket Technology Inc. announced entering into a letter of intent agreement with UniOne Consulting to acquire one hundred percent of the issued and outstanding stock of the Sao Paulo, Brazil-based technology service firm. UniOne is a systems integration and technology service firm with a diverse client base throughout South America. The Brazilian firm has an extensive customer list that includes for example McDonald's, Flextronics, Alcatel, and ABB. UniOne also maintains certified technology solution partner status with a broad number of key software companies to include Microsoft, Oracle, Hyperion, SSA Global, and Siebel.
"UniOne is an exceptional company and a well-timed addition to NewMarket's systems integration and service capabilities," said Philip Verges, CEO and Chairman of NewMarket. "UniOne is the 47th largest integrator in Brazil and one of the 200 largest technology companies in Brazil. NewMarket is currently consolidating its systems integration and service resources acquired over the last two years to optimize operational efficiency and as equally important, to coordinate an aggressive streamlined marketing thrust throughout the geographic regions where we currently have a presence. UniOne will complete NewMarket's reach into all of South America."
Posted by vg on :
Glass has been missing in action, he could have been the one who set the whole thing up. He is probably in Brazil at the moment using the glass making class as an excuse so no one suspects anything LOL Where r ya glass need you here
Posted by Raptorsrule on :
Very nice trend......
buying the company.....LOL....I wish....
Posted by blue_in_MI on :
good question, vg - been wondering the same myself. perhaps is partially related to the cutoff date for dividends:
"NMKT intends to declare a dividend distributing the 10 million Defense Technology shares to NewMarket shareholders of record as of July 1, 2005"
very nice run the last few days. took 1/3 off the table at the close yesterday, but still holding 2/3 of my NMKT. will keep holding, still like this one as a long-term hold.
quote:Originally posted by vg: started moving up slowly the past two days anyone know why? I dont see any news
Posted by bdgee on :
vg,
NMKT is being heavily promoted by stock some gurus (Tobin Smith, in particular, is among them).
Posted by Dustoff101 on :
[QUOTE]Originally posted by bdgee: [QB] vg,
NMKT is being heavily promoted by stock some gurus (Tobin Smith, in particular, is among them).
-------------------------------------------------
Tough night bdgee?
Try a little Whiskey in your coffee..
" stock some gurus " where do you snuggest I store um.
[ June 25, 2005, 10:03: Message edited by: Dustoff101 ]
Posted by maumee river rat on :
quote:Originally posted by bdgee: vg,
NMKT is being heavily promoted by stock some gurus (Tobin Smith, in particular, is among them).
It's been my personel experience with good ole' Tobin that when he starts to pump sumtin, it will run a little, pullback alot. then run a fair amount..
The first run up is all of us believing the great Tobin and buyng in at his request.
The next pullback is Tobin's henchmen shorting/shaking the change out of the market to a point that is lower than when we first bought in.
This is where you should get in on any Tobin Smith (aka. Change Wave) buy suggestion.
After this occures, His pick usually runs to a point where Tobin can clame another victory to his loyal subscribers.
What I'm sayen is Tobin Smith picks are a little early wwhen he puts them out to the public. However, if you want to pay Him a little more for his super spectaculer news letter ($3000 a year) He will be happy to let you in on the entire trade.(or so he claims)
Don't get me wrong, I have met Tobin Smith a couple times. He is a very dynamic person. He is well versed in the markets, but his real talent is MARKETING. He is basically a high profile MM and Make Money is what he does. A little for you, and a chitload for him.. We, the little people who, in mass, are looking for the answer to the market.. Tobin. The "guru", gives us the answer for a small fee.. We tie up our money long enough for him to steel a little more and then thank him for it..
All I'm sayen is be carefull with the so called Guru people.. They aint what they used to be..
ie..
W.D. Gann Elliote Fibonocci and so on....
Sorry for the rant!! hehe
Posted by bdgee on :
"They ain't what they used to be..", says maumee river rat. "Well, ain't that an improvement", says me.
Posted by bdgee on :
Yep, ya dun caught me a cuttin and a pastin wrong agin , Dusty.... What can I say?
Posted by vg on :
Thanks guys I was into this when blue and glass had said something abt it, blue and purl are my stock gurus, glass too. Dont need to pay for the big ones, portfolio is as big as tobins fees. I am in for long so will wait and see how it all tuns out.
Posted by Rebel_Yell on :
Has been selling off. Watch chart for reversal at $.40 or above.
Posted by Rebel_Yell on :
PR
NMKT -- NewMarket Technology, Inc. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NewMarket Technology Inc. Releases 2005 Business Plan Update on Year to Date Progress Toward $75 Million Revenue Forecast
Company Marks Three Year Anniversary of New Business Model Launch Resulting in Growth from $1 Million in 2002 Revenue to $25 Million in 2004
DALLAS, Jul 19, 2005 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT) today announced releasing a year to date update on progress toward the Company's $75 million revenue forecast. June 19th marked the Company's third anniversary since launching its new business model focused on building a trend setting approach to continuously launching next generation technologies. Since June 19th 2002, the Company has grown from $1 million in revenue to reporting nearly $25 million in profitable revenue in 2004. The revenue for the first six months of 2005 will approach the total revenue for 2004. The Company is on track for realizing its $75 million 2005 revenue forecast and is already looking towards continued triple digit growth in 2006. The Company filed an SEC form 8-K disclosing a letter to shareholders from the CEO, Philip Verges. The letter updates shareholders on recent benchmarks the Company has reached and outlines the key elements of NewMarket's business model. The letter also includes upcoming corporate developments and initiatives planned for the balance of 2005. The correspondence from the CEO is broken into five segments:
-- Why Next Generation Technologies are Important and What's the Problem Now
-- How Does NewMarket Succeed in Selling Next Generation Technologies
-- Exceeding Industry Profit Margins and Shareholder Return Expectations
-- A Maturing Shareholder Base will Unlock Reticent Stock Value
-- Management and Employee Commitment
The letter is accessible on the Company's web site at www.newmarkettechnology.com. A copy of the letter can also be obtained by contacting LC Group at LCGroup@mindspring.com.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. concentrates on the market introduction of new technologies. NewMarket continuously acquires undiscovered emerging technology companies and incorporates the products of the acquired companies into NewMarket's overall product portfolio. New technologies are packaged with complimentary recognized brand name solutions such as Microsoft (Nasdaq:MSFT) and Cisco Systems (Nasdaq:CSCO). NewMarket has introduced a new business model that augments the profitability of conventional sales by monetizing the business value increase that results from the market introduction of a new technology. NewMarket's innovative business model also monetizes the resulting business value increase for shareholders by issuing stock in the acquired emerging technology companies to shareholders through dividend declarations. After reporting $2.3 million in 2003 revenue, the Company reported $24.9 million for 2004 with a net profit of $574,087 and has forecasted 2005 revenue of $75 million. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security, and Financial Services industries. NewMarket has operations in North America, Latin America, China and Singapore.
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. Investor Relations Rick Lutz, 404-261-1196 ir@newmarkettechnology.com www.newmarkettechnology.com
Copyright Business Wire 2005
Posted by Rebel_Yell on :
PR
http://biz.yahoo.com/bw/050728/285519.html?.v=1
Posted by RebelYell on :
still snoozing in the low .40's range. their last Q wasn't bad though i only skimmed it so far - revs up nicely of course, a mild profit. they still seem on the right track to me, am going to continue to hold a small long portion.
verges is going to have to come up with his promised dividend shares fairly soon though, or NMKT is going to dip. personally i never really cared about dividend shares, they "clutter" my account with teeny amounts of positions worth $27 or whatever. but, like getting a free glow in the dark plastic spiderman ring in their box of sugar smacks, investors in general seem to like them.
i admit that part of why i hold a little NMKT is that my impression is that verges has a gigantic ego, is insulted by the current stock price, and is driven to work his fingers to the bone to keep NMKT growing, if only just out of spite to the sellers and naysayers. probably that's a stupid partial reason, and maybe it's off base in the first place, but that's still part of my reason nonetheless.
Posted by Tigress on :
Anyone in this one right now?
NewMarket Technology Inc expects revenue growth in Latin America with oil price increase
By M2 Last Update: 11/11/2005 6:55:36 AM Data provided by
Nov 11, 2005 (M2 EQUITYBITES via COMTEX) -- NewMarket Technology Inc (NMKT), a systems innovation company, announced on Thursday (10 November) that it anticipates continued revenue growth from its Latin American operations.
The expected revenue growth is tied to the high price of oil, and in addition the company has recently obtained an USD2.4m sales contract to provide SAP (SAP) with manpower and consulting services supporting Venezuela's nationalised oil production.
The company entered the Latin American systems integration market last year through the acquisition of RKM IT Solutions, the Microsoft (MSFT) partner in Venezuela, which had annual sales of USD2m.
NewMarket said that it expects 500% year-to-year organic growth at RKM in 2005 with year-to-date revenues already at USD10m.
Posted by blue_in_MI on :
yeah i still own a measly 2k shares in some IRA account i think, don't even bother to check NMKT price except for every other month or so. how they do imho will depend on whether they can generate higher profits, in addition to their higher revenues.
NMKT is a small, speculative long-term hold for me; not sure i'd trust it as more than that, or with any serious amount of money.
Posted by Jo4321 on :
NewMarket Technology, Inc. Named Texas' Fastest Growing Technology Company in Deloitte's Texas Technology Fast 50 Program Business Wire - August 24, 2006 09:18 Attributes Shareholder Support and Employee Commitment to Its 31,633 Percent Revenue Growth to $50 Million in 2005
DALLAS, Aug 24, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) has been named to Deloitte's prestigious Texas Technology Fast 50 Program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Texas by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
NewMarket's increase in revenues of 31,633 percent from 2001 to 2005 resulted in a number 1 ranking in the Texas Technology Fast 50. The average increase in revenues among companies who made the Texas Technology Fast 50 for this region was 2,225 percent.
NewMarket's CEO, Philip Verges, credits shareholder support and employee commitment with the Company's 31,633 percent revenue growth from 2001-2005. Philip Verges said, "NewMarket chose the exciting, but challenging path to build an entirely new business model. NewMarket has designed and tested by trial and error a new approach for bringing technologies from concept to production. Trial and error requires the faith, patience and fortitude of shareholders and employees. NewMarket could not continue to enjoy its rapid rate of growth without the exceptional support that shareholders and employees have demonstrated over the years. The recognition from Deloitte & Touche for our growth to over $50 million in profitable revenue in 2005 is a tribute to our outstanding shareholders and employees."
Skip Moore, Regional Managing Partner, Technology, Media and Telecommunications, Deloitte & Touche LLP added, "Deloitte's Texas Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment. We applaud the successes of NewMarket Technology and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Texas Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Texas, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
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), Hyperion Solutions (Nasdaq:HYSL) and SAP (NYSE:SAP). 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 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. The financial results achieved have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc., Dallas Rick Lutz, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
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