PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a letter of intent (LOI) agreement that will roll $20 million in profitable annual revenue into the company. In conjunction with the terms of the LOI, Paragon will reorganize its current operation to support an emerging technology strategy in Latin America. Shareholders can anticipate a joint announcement with the letter of intent cosigner later today. The joint announcement will include further details regarding the terms of the agreement. Significantly, no new Paragon common stock will be issued to close this transaction, but the cosigner will have voting control of Paragon. There will be no additional common stock issued as a direct result of this transaction for a period of at least a year.
Posted by tompom on :
yes maybe...lol
Posted by Prdponce on :
yea no much sold until .019 order... everythign below 5K's trades,,,
put 200K at .004 and blew me by, when news came out
Posted by stocktrader22 on :
wow i watched this come down to .015 and didnt pull the trigger.
Posted by J_U_ICE on :
I posted the news and tried to get in at .004 with no luck. Decided not to chase. Not my brightest move Posted by Prdponce on :
got in .015 sold .32 x .35 will play the dip if it gets back to .02
Posted by J_U_ICE on :
quote:Originally posted by Prdponce: got in .015 sold .32 x .35 will play the dip if it gets back to .02
nice play Posted by djg7 on :
Wouldn't we all like an 1100% winner daily. Nice play.
Posted by stocktrader22 on :
This is going nuts. I'm pissed!!!!!
Posted by cmsrem on :
Boy does this have legs
Posted by tompom on :
wow, congrats folks!
Posted by djg7 on :
oh well, only 2100% gain today. Wow!! I can only LMAO.
Posted by Prdponce on :
wow.... fooled me got out too early.... .... __________________
Posted by cmsrem on :
First PR said another was comming this afternoon. Should be fun to watch
Posted by jas2mel on :
kicking my own a.. was watching this one for a while. Congrats all
Posted by J_U_ICE on :
quote:Originally posted by djg7: Wouldn't we all like an 1100% winner daily. Nice play.
I'd take it once a week Posted by invester on :
MOTHER FU$KER. I saw this one at .015, thought about buying. I then had a meeting and came back to this. GRRRRRRR.
Posted by Homersbud on :
Weeeeeeeeeeeeeee!
Jumped in at 025, sold at 06!
Posted by omaha116 on :
Any light to be shed on the Michael Barron connection between PGNF and SFNN? Both have had runs in the last few days but not really understanding the connection. There was the merger between the two that was rescinded in February I think. Any speculation of the impact one stock may have on the other? Same sector...
Posted by omaha116 on :
To insure due credit, I think someone at I-flub started the initial inquiry. I did look up the 10K from April for PGNF and it lists Michael barron as CEO. Curious as to whether there might be a play here...
Posted by Homersbud on :
Moving! Broke HOD
05x051 2x1
Posted by Homersbud on :
Ya, that was short lived on a 5k sell at the bid....lol
043x05 1x2
Posted by Homersbud on :
Getting some more action.
045x05 4x2
Posted by Homersbud on :
Weeeeeeeeeeee! up 70% on only 623k in volume!
Dipped yesterday to 02, I was able to grab some at 022!
03x035 1x2
News from earlier today
NewMarket Technology, Inc. to Hold Town Hall Meeting Today after the Market Close, at 3:30 CST in New Orleans Thursday December 7, 9:16 am ET CEO Philip Verges Interviewed on ***.com Yesterday to Discuss Recent Record Revenue Quarter and Personal Purchase of One Million Shares in Open Market
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) will hold its Annual Town Hall Meeting today at 3:30 pm CST at the Royal Sonesta Hotel in New Orleans, Louisiana. All interested shareholders and investors are encouraged to attend to learn more about the Company, review 2006 performance, recent announcements and plans for 2007 to continue rapid growth with a forecasted $120 million in profitable annual revenue.
ADVERTISEMENT Additionally, NewMarket is hosting a tour of the city on Dec. 8th at 1 pm for anyone interested in seeing the City of New Orleans' progress in rebuilding and learning more about the current business and investment opportunities in the City. Representatives of New Orleans will be leading the tour will discuss the current opportunities first hand. Space is limited, so to reserve a seat please RSVP to Whitney Marks at 214.722.3052 or wmarks*newmarkettechnology.com.
For additional details on the Town Hall meeting, please visit www.newmarkettechnology.com, or contact Whitney Marks.
CEO Philip Verges Interviewed Yesterday on Market News First (www.***.com)
Mr. Verges discussed the recent increase in material corporate announcements leading up to the company's Annual Town Hall Meeting being held today. Mr. Verges also noted his filing on a personal purchase of 1 million shares in NewMarket Technology stock on the open market.
The Company recently reported record revenues of $18.9 million for the 3rd quarter of FY 2006 with a year to date net income before currency translation of $2.7 million. Shareholder equity exceeded $40 million at the end of the 3rd quarter.
The Company reported over $50 million in profitable revenue last year and is on track to report over $70 million in profitable revenue this year. Additionally, management has forecasted $120 Million in revenue for FY 2007 assuming no additional acquisition activity. However, NewMarket's long term business plan has always included periodic acquisitions.
Recently, the Company announced the independent listing of its consolidated operation in China (OTCBB:IICP - News) and two Letter of Intent (LOI) agreements.
First, NewMarket Technology, Inc. and Paragon Financial Corporation (OTC:PGNF - News) announced entering into a LOI agreement to combine NewMarket's Latin America Operation into Paragon Financial Corporation (news). NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations.
Second, NewMarket and Diamond I, Inc. announced entering into a LOI agreement to combine WIFI operations (news). The combined companies will consolidate WIFI technology assets and proprietary knowledge and build equity partnerships with other emerging WIFI businesses that can be leveraged to build revenue in a number of market segments, to include the gaming WIFI market and the city municipal WIFI market.
NewMarket Technology will hold a majority equity position in the subsidiaries permitting the continued consolidation of all reported financials. Significantly, the company's business plan includes the periodic distribution to NewMarket Technology shareholders of subsidiary stock in the future.
Beacon Equity Research Updates Recent Research Report with Target Price of $.78
Due to material events announced immediately following Beacon Equity Research's recent release of its detailed research report on NewMarket, Beacon issued a research note yesterday to update its report with a target price of $.78.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
About ***.com (www.***.com)
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live radio web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com Posted by Homersbud on :
at the wall at 04
036x04 1x6
Posted by Homersbud on :
04's about gone!!
039x04 2x1
Posted by Homersbud on :
04x044 3x2!!
Posted by Homersbud on :
Getting some action on news.
03x035 1x2
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Announces Dividend in Conjunction with Letter of Intent to Acquire Majority Interest in Silicon Aquarius, Inc. a Telecom Firm with 23 Patents Monday December 11, 2:35 pm ET CEO Summarizes Town Hall Highlights to Include Silicon Aquarius Dividend Details and $120 Million 2007 Revenue Forecast with Possibility of Surprise Increases from $200 Million M&A Pipeline
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today released a letter to shareholders from CEO Philip Verges providing a summary of highlights from the recent Company Town Hall Meeting held in New Orleans. The meeting provided those that attended with a detailed overview of the Company's unique operational and capital structure strategies. In conjunction with the maturing operational and capital structure strategies, the expansion of the current technology portfolio to include the acquisition of 23 patents was announced. The issue of a shareholder dividend to distribute an interest in the value of the 23 patents and the overall future of NewMarket's expanding technology portfolio was also announced.
ADVERTISEMENT The shareholder letter from CEO Philip Verges released today and included in its entirety below provides additional detail on the acquisition of the 23 patents and the corresponding shareholder dividend. The letter also outlines NewMarket's 2007 $120 million revenue forecast from anticipated organic sales expansion and the possibility of subsequent revenue revision increases that may result throughout 2007 in the course of the Company continuing to acquire new companies. The companies in NewMarket's existing M&A pipeline have combined revenue exceeding $200 million in annual revenues.
Dear Fellow Shareholders and Interested Investors:
The Town Hall Meeting last Thursday afternoon in New Orleans was enthusiastically received by those that attended. The meeting was recorded and will be available on the Company website later this week. The meeting lasted over two hours. I recognize not everyone will have two hours to dedicate to reviewing the meeting video. Accordingly, I have provided here a summary of the meeting highlights. This letter in combination with a copy of the PowerPoint (available by contacting ir*newmarkettechnology.com) from the meeting will help those without two hours of available time to at least be familiar with the meeting highlights.
Overview of Unique Operational and Capital Structure Strategy
In 2002, NewMarket launched a new business model to continuously introduce new technologies to market. The business model has been difficult for the market to understand because there is no one identical existing company to which to compare NewMarket's business model. The Company has now matured to a point where the various key aspects of the business model have demonstrated sufficient operating history to be more apparent.
There are two key aspects of the NewMarket business model - the operational strategy and the capital market strategy. Operationally, NewMarket combines the sale and support of recognized and accepted brand name technology solutions with the sale and support of yet to be recognized emerging technology solutions that have higher profit margin opportunity. The combination of selling and supporting both accepted and yet to be recognized technology solutions provides sustainable operating efficiencies for the new technologies and the opportunity to recognize greater profits by selling new technologies to existing customers. When selling a new technology, NewMarket already has the customer's confidence from its reputation and business experience with market accepted technology solutions.
By maintaining each emerging technology in the overall portfolio of emerging technologies in its own subsidiary company, NewMarket optimizes the opportunity to realize maximum value from each emerging technology, as well as mitigating the risk to the overall company associated with the investment in each emerging technology. As a technology matures, NewMarket will list publicly the associated subsidiary while maintaining it as a consolidated subsidiary for financial reporting purposes. This provides the opportunity to realize incremental returns on investments to date through the periodic sale of equity in the now independently listed consolidated subsidiary. This also provides the opportunity to directly benefit shareholders through the issuance of stock in the independently listed consolidated subsidiary through a NewMarket shareholder dividend.
Below is the model of the capital structure NewMarket is moving toward in the independent listing of consolidated subsidiaries.
NewMarket Technology, Inc. ---------------------------------------------------------------------- NewMarket China NewMarket Infotel Redmoon Xiptel NMKT Latin America S.E. Asia NMKT BB NMKT VoIP IP
Each of the six subsidiary companies are planned to be listed by the end of 2007. NewMarket's consolidated operation in China, NewMarket China, Inc., is currently listed as Intercell International Corporation (OTCBB:IICP - News). NewMarket Latin America is currently in a letter of intent (LOI) agreement with Paragon Financial Corporation (OTC:PGNF - News) to list its Latin American operation with over $20 million in annual profitable revenue. NewMarket BroadBand featuring NewMarket Technology's affiliate ownership in Redmoon Broadband is also in a letter of intent agreement with Diamond I, Inc. (OTCBB:DMOIE - News) to affect a public listing of NewMarket's broadband assets.
Technology Portfolio Expansion through Acquisition of 23 Patents
At the Town Hall meeting, a letter of intent agreement was announced to acquire a majority interest in Silicon Aquarius, Inc., a telecommunications technology firm with 23 patents (Silicon Aquarius, Inc. Patents). Please note that no NewMarket stock is being used for this acquisition of Silicon Aquarius. The 23 patents will substantially increase NewMarket's overall portfolio of emerging technologies. NewMarket now has a substantial pipeline of new technologies through a single acquisition. Those technologies will be organized into a subsidiary company dedicated to developing the majority of NewMarket's future emerging technologies. NewMarket has concentrated primarily on the marketing of emerging technologies, but with the addition of Silicon Aquarius, the Company will now begin to extend its reach into the development of emerging technologies with clear intellectual property differentiation.
Corresponding Shareholder Dividend and Overall Dividend Schedule
With the expansion of NewMarket's technology portfolio through the acquisition of Silicon Aquarius and the extension of the Company's reach into the ongoing development of new technologies, NewMarket will share the future of the potential value to come from this business expansion with all current shareholders. In conjunction with the closing of the purchase of Silicon Aquarius, NewMarket will issue a shareholder dividend to distribute up to 20% ownership in the new subsidiary to NewMarket shareholders. In addition to the LOI with Silicon Aquarius, NewMarket has also entered into an LOI to acquire a registered public company. NewMarket intends to reorganize Silicon into the public company. The dividend issued to NewMarket shareholders will be stock in the reorganized public company. The current intention is to issue one share of stock in the reorganized public company for every one share of NewMarket stock.
Neither the acquisition of Aquarius nor the corresponding acquisition of the registered public company are final as of yet. Shareholders can request a PowerPoint presentation on Silicon Aquarius and the NewMarket plan to expand its technology portfolio to include the issue of its first dividend by contacting ir*newmarkettechnology.com. NewMarket management is confident the acquisition will close as planned, but is required to emphasize that the acquisition is nonetheless not closed at this time and may not close.
In first quarter of 2007 NewMarket will issue a schedule of dividends to be issued in all NewMarket listed consolidated subsidiaries. The schedule is intended to be released after the Paragon Financial and Diamond I transactions are completed with NewMarket Latin America and NewMarket BroadBand.
$120 Million Revenue Forecast and $200 Million M&A Pipeline
At the Town Hall meeting the previously released revenue forecast for a profitable $120 million in 2007 revenue was reviewed in detail. A substantial portion of the organic revenue increase will come from the previously announced contract expansion of NewMarket's current systems integration operation in China. NewMarket will realize over $20 million in systems integration revenue from China in 2006. However, NewMarket recently entered into an agreement that will result in the systems integration business in China increasing by approximately 100% to an anticipated revenue amount of $40 million in 2007. The balance of the increase is conservatively estimated to come primarily from the expansion of existing systems integration contracts throughout NewMarket's overall existing customer base.
The current forecast to $120 million in revenue does not include any potential impact from additional acquisitions. However, NewMarket has an acquisition pipeline that includes companies with a combined revenue of over $200 million. Accordingly, NewMarket anticipates periodically issuing surprise revisions increasing the Company's 2007 revenue forecast in conjunction with the anticipated advance of its acquisition strategy.
Management continues to believe that the market has not yet recognized the value of NewMarket's current business operations or its future potential. We believe the continuing execution of the business plan is the best way to enhance shareholder value as the market begins to value the company on its revenue and income growth. We plan to particularly concentrate on the continued listing of existing consolidated subsidiaries and the corresponding issue of shareholder dividends. We look forward to completing the Silicon Aquarius transaction and rapidly issuing this first dividend.
Thank you,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com Posted by Homersbud on :
Looking good for tomorrow! Buys coming in at HOD - 035
Dropped down to a low of 023, then exploded and hit a high of 035 and holding steady as buys come in...News afterbell? Maybe before open tomorrow?
033x035 1x2!
Posted by Homersbud on :
Closes at HOD - 035!
Posted by Homersbud on :
Watch - 031x033 2x2
News from earlier.
ress Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Expands Latin American Software Factory with Clients Oracle and Baan and Moves to Separately List Subsidiary in Transaction with Paragon Financial, Inc. Friday December 15, 10:05 am ET Software Factory Employs More Than 120 Engineers Developing Software in Java and Microsoft ASP Technologies
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today released an update on progress and the business plan in Latin America for 2007. NewMarket recently announced a letter of intent agreement to merge its Latin American operations into Paragon Financial, Inc (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin America Operations located in Venezuela, Brazil and Chile.
Latin America Expansion in 2007
In 2006, NewMarket's operation in Brazil established a Software Factory to do development and customizations on demand for the customers of large US software companies operating in Brazil. Today, the operation employs more than 120 development engineers developing software in Java and Microsoft ASP technologies. In 2007, the Software Factory operation has plans to increase more than 50 percent and to expand development and customization work to use other languages and technologies. Currently, the Software Factory has software development contracts with Oracle (NasdaqGS:ORCL) and Baan Software, among other clients.
CEO Philip Verges to be Interviewed on *** at 9:30 AM CST Today
Separately, CEO Philip Verges will be interviewed on Market News First (www.***.com) with the *** news team in an audio/video format at 9:30 AM CST today.
Recent NewMarket Technology, Inc. Announcements
* NewMarket was recognized this year by Deloitte as the 5th fastest growing technology company in North America * CEO Philip Verges recently purchased 1 million shares of NewMarket * Increased its revenue forecast for their recently listed NewMarket China operations (OTCBB:IICP - News) to $40 Million for 2007 vs. $20 Million forecasted for 2006 * Record revenues of $18.9 million for the 3rd quarter of FY 2006 and revenue for first 9 months 2006 up 53% from first 9 months of 2005 ($53.2m v. $34.8m) * Year-to-date net income of $2.7 million -- up 127% over first nine months 2005 ($2.7m v. $1.2m) after currency translation * Company on track to meet forecast of $70 million in revenue for 2006 * 2007 revenue forecast currently at $120 Million without any acquisitions with confidence in forecast derived from company's $200 million pipeline of potential revenue being pursued * Shareholder equity up over $41 million at the end of the 3rd quarter, up 45% from same quarter last year ($41.3m v. $28.5m)
Beacon Equity Research Report
Beacon Equity Research recently released an research update on NewMarket Technology recently, stating, "The latest announcements on merging NewMarket's Latin American operations into Paragon Financial (OTC:PGNF - News) along with the most recently announced planned combination of its WiFi's investments into Diamond I (OTCBB:DMOIE - News) further validates our confidence in reiterating our Outperform rating and price target of $0.78 on NewMarket's stock." Beacon summed up their research note with, "NewMarket has reiterated its optimistic outlook with a FY07 revenue forecast of $120 million purely from organic growth and assuming no acquisitions. Given NewMarket's legacy of rapidly growing through both organic growth and acquisitions, if the company is successful in meeting its projections then our forecast may prove conservative."
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posted by pick em low on :
DOH! I should have "checked it out" as he says
Posted by Homersbud on :
Watch for a bounce. Usually the bid whackers knock it down to 024-025 area but today they got it down to 02.
02x021 5x1
Posted by Homersbud on :
lol, these morons selling at these prices are either stupid or just fawked up in the head!!
Read the bold from the news yesterday!!
Wall Street Transcript's ''Growth Stocks'' Issue Includes Interview with NewMarket Technology, Inc. CEO Philip Verges Tuesday December 19, 10:09 am ET Discussion of Progress in Publicly Listing Subsidiaries and Rapid Revenue Growth From $2.6 Million in 2003 to Projected $70 Million in 2006
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced the inclusion of NewMarket Technology in the "Growth Stocks" Issue of the Wall Street Transcript, published December 18, 2006. The Wall Street Transcript interviewed Philip Verges, CEO of NewMarket Technology, regarding the company's rapid revenue growth, which recently gained the company national recognition, being named the fifth fastest growing technology company in North America by Deloitte and Touche.
ADVERTISEMENT The interview highlights recent progress in publicly listing a number of NewMarket's consolidated subsidiaries as a prelude to declaring dividends to NewMarket shareholders in the form of shares of subsidiary stock next year. Mr. Verges noted that the first consolidated subsidiary, Intercell International Corporation (OTCBB:IICP - News), will be renamed NewMarket China and will have a symbol change in the near future.
A letter of intent (LOI) agreement has been signed with Paragon Financial Corporation (OTC:PGNF - News), to facilitate the public listing of NewMarket's Latin America operations, which is expected to close early next year. A letter of intent (LOI) agreement has been signed with Paragon Financial Corporation (OTC:PGNF - News), to facilitate the public listing of NewMarket's Latin America operations, which is expected to close early next year. Another letter of intent (LOI) has been signed with Diamond I, Inc. (OTCBB:DMOIE - News) to publicly list the company's WiFi operations and pursue DMOIE's patented wireless gaming technology, which targets the casino industry. Mr. Verges also discussed the company's revenue forecast for 2007, projected at $120 Million.
Access to the NewMarket Technology interview is available to subscribers at the Wall Street Transcript website, (http://www.twst.com/perl/profile.pl?file=techno/AFK612) and will be accessible to investors and interested investors at NewMarket's corporate site (www.newmarkettechnology.com) today.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About The Wall Street Transcript (https://secure.twst.com/subscribe.html)
The Wall Street Transcript is a paid subscription publication received by money managers, investment brokers, individual investors and financial media that features analyst, money manager and CEO interviews. Reports are published weekly, and tend to focus on one or two industries. They contain the views of money managers and analysts about the sector, as well as interviews with eight to fifteen CEOs of companies that operate in that industry.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com
Posted by Homersbud on :
Hahaha, uptick on only 5k!
022x023 1x1
Posted by Homersbud on :
Not many bid whackers left with the holiday upon us, but still a few morons dumping at 02. I've loaded the boat at 02 and waiting for the merger with NMKT to be completed early next year as stated in a previous pr! Once merger is completed, I see at least 2-3x bagger from these levels.
Check out what IICP did when they merged with NMKT...exploded to .30!
News - 02x024 2x1
Press Release Source: NewMarket Technology Inc.
NewMarket Technology, Inc. Announces Year End Push to Complete Independent Listings of Consolidated Subsidiaries and Deliver Early on Profit Boosting Projects Friday December 22, 11:39 am ET RFID Pilot Project Success in Europe and U.S. with NewMarket Patent Pending Technology Could Deliver 4th Qtr Profit Lift and Lead to Major Follow On Contract
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced a year end push to deliver early on customer projects that could deliver a fourth quarter profit boost. The Company is also working through the year-end holidays to complete the independent public listings of both its Latin American and Wi-Fi operations in the previously announced pending transactions with Paragon Financial, Inc. (OTC: PGNF - News) and Diamond I, Inc. (OTCBB:DMOI - News).
ADVERTISEMENT "The holidays are upon us, but we are taking little time off this year in order to do all we can to deliver a record net profit and aggressively execute on our plan to independently list our consolidated subsidiary operations," said Philip Verges, CEO and Chairman of NewMarket Technology, Inc.
Profit Boost on $70 Million in Forecasted 2006 Revenue
NewMarket is on track to deliver on a forecasted $70 million in profitable revenue for 2006 after reporting $52 million in profitable revenue in 2005. The year to date revenue for 2006 through the 3rd quarter is $53.2 million, and the net profit through the 3rd quarter of 2006 is $2.7 million. NewMarket is working to deliver record net profit through early completion of current projects that could lift anticipated profits in the 4th quarter of 2006.
Independent Listing of Consolidated Subsidiary Operations
NewMarket recently announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American Operations located in Venezuela, Brazil and Chile.
Additionally, the company recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus. One area will concentrate on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
RFID Pilot Project Success in Europe and U.S.
NewMarket Technology, Inc. has a patent pending RFID (Radio Frequency Identification) supply chain management solution specifically for shipping. The company's RFID technology is involved in related pilot projects both in the United States and Europe. The projects have been a success to date and the Company anticipates the pilots expanding into large RFID roll-out projects in 2007.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology Inc.
Posted by Homersbud on :
024x025 1x1!
Doesn't take much to move her! But she falls just as easy when the bid whackers come in...
Posted by Homersbud on :
Keep whacking you morons! Bring it back down to 02 so I can load some more! Geez, these idiots crack me up...lol
022x024 1x2
Posted by Homersbud on :
Damn, someone got some cheapies at 021!
021x0x24 2x1
Posted by Homersbud on :
Moving!!
029x03 1x1
News from earlier
Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. Delivers Early on Project to Boost 2006 Profit on $70 Million in Expected Revenue After Reporting $2.7 Million Net Income Through 3rd Qtr Thursday December 28, 10:37 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced completing a customer project early that can in turn increase the Company's 2006 net profit. NewMarket has recently been recognized in Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. NewMarket Technology grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005, making NewMarket the fastest growing company in Texas on the Fast 500 ranking and the first Texas-based company to make the Top 5 since 2001.
ADVERTISEMENT Company revenue in 2006 is expected to be approximately $70 million. NewMarket reported $53.2 million in revenue with $2.7 million net income after currency translation for the first three quarters of 2006. Management has previously announced a fourth quarter push to deliver early on profit enhancing projects to deliver record profits in 2006. The project announced today is one of the most substantial projects that can contribute to enhanced profits in 2006. The Company is continuing to push in the last few days of the year to deliver early on additional projects and to complete the independent public listings of both its Latin American and Wi-Fi operations in the previously announced pending transactions with Paragon Financial, Inc. (OTC:PGNF - News) and Diamond I, Inc. (OTCBB:DMOI - News).
Independent Listing of Consolidated Subsidiary Operations
NewMarket recently announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American Operations located in Venezuela, Brazil and Chile.
Additionally, the company recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus. One area will concentrate on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posted by Homersbud on :
032x034 1x1
Charting shaping up nicely!
Posted by Homersbud on :
033x035 1x3
Posted by Homersbud on :
Weeeeeee! Been calling this since 02!
033x034 2x1 Coming up to 035 wall where it usually stalls...It breaks 035, we should head into 04's. Merger with NMKT should be completed soon.
News from earlier.
NewMarket Technology, Inc. To Present Business Plans For Independently Listed Subsidiaries February 13th, 14th and 15th in Boca Raton, Atlanta and New York Wednesday January 3, 10:38 am ET Company Continues to Independently List Subsidiaries After Closing 2006 with Estimated $70 Million in Revenue, Record Profit and $120 Million 2007 Revenue Forecast
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) will present the business plans for its first three independently listed subsidiaries. The presentation schedule starts in Boca Raton, Florida on Feb. 13, followed by a presentation in Atlanta, Georgia on Feb. 14. The last presentation will be held in New York, New York on Feb 15.
ADVERTISEMENT click here NewMarket Technology, Inc. launched an innovative business plan in 2002 to continuously introduce new technologies to new and emerging markets. Since that time, the Company has grown from reporting $2.3 million in profitable revenue in 2003 to being recognized by Deloitte and Touche as the fifth fastest growing technology firm in North America after reporting over $50 million in audited profitable revenue in 2005. NewMarket sells dozens of technology products and services throughout North America, China, South East Asia and South America. The independent public listing of consolidated subsidiaries is an integral component of NewMarket's long-term plan to continuously introduce innovative technologies to these rapidly growing markets.
NewMarket China, Inc
Earlier this year, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP - News). NewMarket's Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million. NewMarket anticipates continued rapid growth in China and has set a corporate goal of achieving $100 million in profitable revenue in Fiscal Year 2008. The ticker symbol will also be changed in the near future to reflect the company's recent corporate name change to NewMarket China and an announcement will be made as soon as the new ticker symbol and effective date has been designated.
NewMarket Latin America and Wi-Fi
NewMarket recently announced two letter of intent (LOI) agreements to create two additional publicly listed subsidiaries.
NewMarket announced an LOI agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American operations located in Venezuela, Brazil and Chile.
NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus with one area concentrating on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
Highlights of a Conglomeration of Micro Cap Publicly-Listed Companies
Reduced Expenses
The expense of maintaining a public listing has increased substantially with the Sarbanes-Oxley laws increasing, which has resulted in micro cap companies seeing a higher percentage of their bottom line being reduced due to the increased expenses. That expense is reduced per company by combining multiple companies into a single conglomerate that can share in the redundant expenses by taking advantage of the economies of scale the combination produces for financial reporting.
Optimized Market Conditions
Managing the public markets is not usually the expertise of an entrepreneurial technology management team. Their focus is, and should continue to be, the management and growth of their company in their field of expertise. The conglomerate can provide the necessary expertise for a publicly-listed company on an as needed basis, at reduced costs.
Improved Transparency for Shareholders
NewMarket is working to upgrade its listing to NASDAQ or another more regulated exchange. By having "smaller board" listed companies as consolidated subsidiaries of a "big board" listed company, the subsidiary companies are essentially required to meet the reporting standards of the more regulated "big board" exchange.
Enhanced Shareholder Return through Dividends
An important part of NewMarket's business plan for continued growth, in both revenue and shareholder value, is the periodic distribution of dividends in the form of stock in subsidiary companies to NewMarket shareholders. Dependent upon the structure of each subsidiary spin-off, shareholders of NewMarket can look forward to stock dividends in each publicly listed subsidiary.
To attend one of NewMarket's February presentations and to be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About NewMarket China, Inc. (formerly Intercell International Corporation) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posted by MB on :
.034X.035 looking good
Posted by Homersbud on :
quote:Originally posted by MB: .034X.035 looking good
Yup!
034x035 2x4! 035's starting to fall!!
Posted by Homersbud on :
Yup! MACD going positive! ADX getting tighter and tighter!
If you decide to jump in, you can usually get filled at the bid thanks to the wonderful bidwhackers
PS: low float, so it moves fast in both directions...
Posted by mrinos on :
chart is nice but I wouldn't exactly call it "HOT". No one has bought in awhile... I am going to wait and watch
Posted by Homersbud on :
quote:Originally posted by mrinos: chart is nice but I wouldn't exactly call it "HOT". No one has bought in awhile... I am going to wait and watch
You're right, it's not 'HOT' yet, but it's getting there. With the MACD hopefully going positive tomorrow, should start grabbing some folks attention...Vol has been dead for sometime...Ever since it couldn't hold 035, vol had dried up. Oh well, we'll still close green unless the bid whackers come in.
Posted by Homersbud on :
Hmm, Vol is dead now, but had news earlier which drove the price up to 038 on low vol.
MACD just went positive today. Merger with NMKT should be completed sometime this month. Chart is shaping up for the merger
NewMarket Technology, Inc. Enters 2007 with Estimated Record Profit and $70 Million in 2006 Revenue and $0.78 PPS Recommendation vs. Current $0.35 PPS Thursday January 4, 11:29 am ET Company Announces 2007 $120 Million Profitable Revenue Forecast
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB: NMKT - News) finished 2006 meeting its forecast of $70 million in revenue for 2006 with record profits, subject to review by an independent auditor. The Company has forecasted $120 million in profitable revenue for 2007. Yesterday, the common stock of NewMarket traded over 2 million shares exceeding its daily trading volume average and the share price closed above the 200 day moving average. In the 4th quarter of 2006, Beacon Equity Research issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78 PPS compared to the current $0.35 PPS.
ADVERTISEMENT Record Financial Performance
NewMarket has already reported $53.2 million in revenue for the first nine months of 2006, up 53% from $34.8 million reported in the first nine months of 2005. The Company also reported a 57% increase in net income before currency translation ($2.3m v. $1.6m) and gross profit up 14% ($15.0m v. $13.2m) in the first nine months of 2006 over the first nine months in 2005.
Beacon Equity Research Values NewMarket at $0.78 PPS vs. Current $0.35
Beacon Equity Research released an independent analyst report in the 4th quarter of 2006 rating NewMarket as an "Outperform." Beacon calculated a conservative fair market value of $0.78 per share for NewMarket common stock compared to NewMarket's current $0.35 PPS. Beacon derived the fair market value utilizing both a discounted cash flow analysis, as well as discounted peer comparison.
The fair market value calculation does not take into consideration the potential impact of NewMarket's equity income and shareholder dividend strategy. NewMarket has recently listed one consolidated subsidiary, NewMarket China, Inc. (OTCBB:IICP - News), and has two letter of intent (LOI) agreements in place to create two additional publicly listed subsidiaries.
NewMarket announced an LOI agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) and an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations.
Anyone interested in receiving a copy of Beacon Equity Analyst Research Report, may visit their website at http://www.BeaconEquityResearch.com or email ir*newmarkettechnology.com.
5th Fastest Growing Tech Company in North America on Deloitte Fast 500
In acknowledgement of the company's rapid growth, NewMarket has recently been ranked fifth in Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America, and the number one fastest growing company in Texas. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
About NewMarket China, Inc. (formerly Intercell International Corporation) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology, Inc. (http://www.newmarkettechnology.com/)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posted by Homersbud on :
Nice news this morning! Bids are stacking up PM. Hopefully we can get some vol and moveeeeeeeee
033x034 1x2
NewMarket Technology, Inc. to Acquire TekVoice Communications, Inc. for VoIP Footprint Expansion and to Contribute to Latin America 2007 $30 Million Revenue Forecast Thursday January 11, 9:18 am ET NewMarket to List Latin America Subsidiary in Transaction with Paragon Financial, Inc. in Addition to Listing Two Additional Subsidiaries
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB: NMKT - News) today announced executing a letter of intent (LOI) agreement to acquire the majority interest in TekVoice Communications, Inc. NewMarket previously acquired a minority interest in TekVoice. TekVoice and NewMarket have worked together to expand TekVoice's Voice over Internet Protocol (VoIP) service throughout Latin America and the United States Hispanic Market. The TekVoice operation will be reorganized into Paragon Financial, Inc. (OTC: PGNF - News) following NewMarket's previous announcement to become the majority shareholder in Paragon Financial.
ADVERTISEMENT NewMarket will receive a majority interest in Paragon Financial in exchange for 100% of the stock in NewMarket's Brazilian subsidiary. Subsequent to receiving the majority interest, NewMarket will reorganize all of its Latin American operations, to include TekVoice Communications, into Paragon Financial. NewMarket forecasts over $30 million in profitable revenue in 2007 for the Latin American operations to be moved into Paragon Financial. The name of Paragon Financial will be changed to NewMarket Latin America, Inc. after the Company becomes an independently listed consolidated subsidiary of NewMarket Technology, Inc.
New Technologies, New Markets, Listed Subsidiaries and Shareholder Dividends
NewMarket Technology, Inc. launched an innovative business plan in 2002 to continuously introduce new technologies to new and emerging markets. The Company has grown from reporting $2.3 million in profitable revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the fifth fastest growing technology firm in North America after reporting over $50 million in audited profitable revenue in 2005. NewMarket sells technology products and services throughout North America, China, South East Asia and South America. The independent public listing of consolidated subsidiaries is an integral component of NewMarket's business plan to introduce innovative technologies to these rapidly growing markets. NewMarket also plans to issue stock in its independently listed subsidiaries to NewMarket shareholders in dividend distributions after allowing time for revenue growth by the subsidiaries.
NewMarket China, Inc., $20 Million in 2006 Revenue, $40 Million in 2007
Earlier this year, NewMarket Technology completed the public listing of its first independently listed consolidated subsidiary, NewMarket China, Inc. (OTCBB:IICP - News), formerly known as Intercell International Corp. NewMarket's China subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue for 2007 to $40 million.
NewMarket and Diamond I, Inc. $10 Million in 2007 Revenue Forecast
NewMarket and Diamond I, Inc. (OTCBB: DMOI - News) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets and proprietary knowledge to build a comprehensive emerging Wi-Fi business that can be leveraged to build revenue and profits in various market segments. NewMarket also recently announced a letter of intent agreement to acquire a majority interest in its affiliate Wi-Fi operation RedMoon, Inc. (News - http://biz.yahoo.com/bw/070109/20070109005776.html?.v=1) RedMoon will be combined into Diamond in conjunction with NewMarket's acquisition of a majority interest in Diamond. The combined NewMarket, Diamond and RedMoon operations will create a multi-industry Wi-Fi solution provider with a 2007 revenue forecast of $10 million.
RedMoon has designed, engineered and deployed mesh network solutions, providing high-speed internet service, security surveillance, automatic meter reading and mobile broadband for municipalities. In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX - News), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posted by Homersbud on :
Gooooooooo! Spread is sh!t, but it's a start!!
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Merger should be completed soon where NewMarket will become majority shareholder!!
Posted by Homersbud on :
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Posted by Homersbud on :
uptick! Let's see the 04's!!
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Posted by Homersbud on :
uptick!!
037x038 1x2 Vol is only 688k!! Once the real vol comes in, weeeeeeeeeeeee!
Posted by Homersbud on :
Getting some action again! Chart is shaping up. MACD finally went positive and a golden cross is coming within the next few days!!!
036x037 2x1 - HOD is 038
Posted by Homersbud on :
Weeeeeeeeeeeeeee! hit a high of 042!!
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Posted by Homersbud on :
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Posted by Homersbud on :
Close of 04! Up 100% from my buys at 02!
Vol dried up after noon and there was only 3 trades (2 came after hours at 04). Nobody cares for this stock, but it's been slowly going up. Weeeeeeeeeeee!
Posted by Homersbud on :
Anymore bidwhackers out there? We are down to 031 on low vol and I need some more shares....Please if you are holding, whack the bid some more so I can load up....Thanks!
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Posted by Homersbud on :
up a sweet 3% on only 38k in vol! lol
Chart shows the 'golden cross' touching today...will it move after this? I hope so, but with no vol, we aint going anywhere!!
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News from earlier.
NewMarket Technology, Inc. Appoints Chief Technology Officer for NewMarket Latin America in Strategy to Expand Latin American Operations to $30 Million in 2007 Monday January 22, 9:14 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced the appointment of Mr. Paykar Chamani to Chief Technical Officer (CTO) for the Company's regional subsidiary, NewMarket Latin America. As the CTO of NewMarket Latin America, Mr. Chamani will be responsible for providing technical operating strategy and technical due diligence for any acquisitions or mergers, advising the operating companies on technical matters and serving as the principal officer for the development of new product categories and services. NewMarket's Latin America operations currently have offices in Brazil, Chile and Venezuela and expect to report over $20 million in profitable annual revenue for 2006.
ADVERTISEMENT Mr. Chamani has served for the last three years as the CTO of Corsa Network Technologies, a company acquired by NewMarket Technology in 2005. Mr. Chamani studied Engineering in Paris at LT Dorian College, speaks four languages including Spanish and English, and is widely acknowledged for his skills and expertise in technology. Mr. Chamani has extensive experience with the security sector in France, as well as with NetVersant in the U.S., where he was responsible for IT operations across 40 locations with more than 2,000 employees.
Aubrey Brown, President of NewMarket Latin America, said, "Paykar has been very instrumental in the success we have enjoyed at Corsa Network Technologies and his proven technical abilities and knowledge of IT operations will enable us to quickly bring new products and services to market in Latin America. We expect to provide evidence of our new technical aggressiveness within months. I'm extremely pleased that Paykar has chosen to accept our offer to join us in growing our business in Latin America."
Public Listing of NewMarket Latin America Subsidiary
NewMarket Technology has signed a letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon Financial. The corporate name will change to NewMarket Latin America. NewMarket's Latin America operations in Brazil, Chile and Venezuela currently have over $20 million in profitable annual revenue. A 50% increase in 2007 revenue to $30 million has been forecasted, including net income.
Additional NewMarket Subsidiary Listings
NewMarket's long-term business plan includes independently listing subsidiaries, while the parent company retains and maintains a majority interest. Due to the majority interest, NewMarket will continue to consolidate the subsidiary financials into NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations the ability to invest in a focused investment, or "pure play." Initial terms of the majority interest in the subsidiaries include a NewMarket Technology owned preferred stock with "no dilution" provisions, offering an initial incentive to delay conversion of the preferred stock. Upon conversion of the preferred stock of each subsidiary, NewMarket will declare a shareholder of record date, dividend ratio and dividend distribution date for the subsidiary stock dividends to NewMarket shareholders.
In addition to the planned public listing of NewMarket's regional subsidiary, NewMarket Latin America, the Company had already completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP - News). NewMarket's Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million.
Separately, NewMarket and Diamond I, Inc. (OTCBB:DMOI - News) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets with $10 million in revenue forecasted in 2007. NewMarket will be the majority shareholder in Diamond and the companies will pursue Wi-Fi opportunities within multiple industries. With the addition of NewMarket's financial and marketing resources, one such opportunity exists with Diamond's proprietary encrypted hand-held gaming system targeted at the casino and gaming industry. Substantial revenue enhancement is offered to the gaming industry with wireless gaming. Wireless gaming does not require the gaming participants to be on the casino floor in order to gamble, yet provides the encryption and security necessary to abide by gaming regulations.
To facilitate the expansion, NewMarket recently announced an LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. RedMoon has designed, engineered and deployed mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband for municipalities.
In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX - News), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp
The cumulative 2007 forecasted revenue of the three subsidiary operations to be listed independently is $80 million. NewMarket intends to issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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 - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq: ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). 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 delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"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.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com Posted by Homersbud on :
Woohoo, News!
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Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income Tuesday January 23, 8:53 am ET
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket's Latin American operations booked over $20 million in profitable revenue in 2006. The results of those operations are currently under routine independent audit review. Similar revenue results were reported and audited in 2005.
ADVERTISEMENT Upon closing the transaction, NewMarket Technology will become the majority shareholder in Paragon Financial, and management anticipates changing the company's name to NewMarket Latin America. NewMarket is forecasting a 50% increase in revenue in 2007 to $30 million with net income.
Mr. Paul Danner, CEO of Paragon Financial, said, "We are pleased to provide Paragon shareholders with an alternative investment scenario in the rapidly growing technology sector in Latin America. All parties look forward to closing the transaction before the end of the first quarter."
About Paragon Financial Corporation
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain information contained in this announcement are "forward-looking statements." Paragon cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the mortgage industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Factors which may affect results include, but are not limited to, the ability to raise capital necessary to sustain operations and implement the business plan, the ability to obtain additional regulatory permits and approvals to operate in the financial services area, the ability to identify and complete acquisitions and successfully integrate acquired businesses, if any, the ability to implement the company's business plan, changes in the real estate market, interest rates or the general economy of the markets in which the company operates. Additional information regarding Paragon is contained in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contact:
Paragon Financial Corp. Paul Danner, 904-285-7171
Source: Paragon Financial Corporation
Posted by Homersbud on :
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kicking my own a.. was watching this one for a while. Congrats all
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