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At multi-yaer support and 52 wk. low of .27 Good numbers, key stats, and ultra-low float for a penny play. Best of all she's not a pink. Any thoughts?...
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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Nine months 06 looks superb vs 9mo/05 I see on Dec 7 there is a meeting in New Orleans, my old home town, maybe I should attend, see whats up. Looks like a great pick. Strange that the stock didn't rise on that successful 9 month report. ?? No major dips in recent months. So it seems pretty safe.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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This is good clean shell looking for a R/M candidate. Thought the deal with Action would go through but it derailed & wrecked. All stats in + territory which is unusuall for a penny play. Good P/E and earnings for a stock trading at a quarter per share. Also featured on Peter Leeds.com If they find a good partner for a R/M this could go through the stratosphere.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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What happened with the deal with Action, I read about this company in last month's Inc. magazine. It is a rea company with an excellent product and management team. Trying hard to get off of the OTCBB and up to NASD or AMEX.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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Just read the news from the 22nd (I was out of town). I had a bit in both just in case. Think I'll sell my APII but hold this one for a bit.
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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NewMarket Technology, Inc. Issues Shareholder Update on 3rd Quarter Record Performance, an Upgraded Listing and 100% Revenue Growth Forecast in China Business Wire - November 27, 2006 09:31 A CEO Addresses Shareholder Questions and Encourages Attendance at Upcoming New Orleans Town Hall to Meet Management
DALLAS, Nov 27, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced publishing three letters to shareholders. The three letters address specific key aspects of NewMarket's overall operation and, tangentially, and recent share price performance. The letters are intended to address the apparent disconnect between the Company's record financial performance for the third fiscal quarter and the first nine months of 2006 and the current share price near its lowest level in 52 weeks. NewMarket recently reported record revenue for the third quarter of $18.9 million with a net income of $1.3 million, before currency adjustments, doubling the overall net income year to date. The first letter is included in its entirety within this press release. The two letters to follow will address:
2. Exit from merger negotiations to merge with NASDAQ listed Action Products International and alternative plans for an upgraded listing
3. Detailed business plan for projected 100% revenue growth in China to $40 million in 2007 with profitability in 2008, if not sooner
Philip Verges, NewMarket CEO and Chairman, commented in regard to the three letters to be published today, "The Company has just delivered its best fiscal quarter ever and simultaneously executed on the first independent public listing of a consolidated subsidiary. Yet, disturbingly our share price is near its annual low. The purpose of today's three letters is to address this disconnect between performance and share price. Press releases are often considered a venue for publishing events such as new contracts or management appointments. Not without some controversy, NewMarket has utilized press releases as a means to communicate an operational level of detail above and beyond the ordinary standard expected from small companies. We generally write to two different audiences: those that are current shareholders and those that might become shareholders. The three correspondences today are intended for current shareholders. The disconnect between NewMarket's operational performance and current share price is a cause of frustration for current shareholders. The intent of today's communications is to respond to that frustration and address shareholder concerns."
Dear Fellow Shareholders,
NewMarket has just delivered its best ever quarterly financial performance and at the same time charted one of its lowest share prices in 52 weeks. The Company reported a record $18.9 million in revenue for the quarter with net income of $1.3 million, before currency adjustments, doubling the overall net income year to date. The purpose of the three shareholder letters released today is to convey the strength of NewMarket's overall operation in contrast to the current share price. The three letters outline how the share price will finally align with the Company's exceptional fundamental financial performance. My ultimate intent for these three correspondences is to ease frustration with the share price and perhaps, suggest that the current share price is an anomaly rather than cause for concern.
Small Business Investment Criteria
Size is not the only difference between New York Stock Exchange listed companies and OTCBB listed companies. Business goals, strategies, tactics and daily operations differ substantially between large and small companies. Accordingly, many market experts suggest that an investor's consideration of a large business should likewise differ substantially from his consideration of a small business. Investors are drawn to small businesses because the return on investment (ROI) potential of a small business becoming a big business is greater than a big business remaining a big business. While investors ROI expectations differ between large and small businesses, there is unfortunately little available research material regarding the key considerations of investing in a small business. Without a market accepted set of small business investment standards, investors are left with the big business standards by which to measure small businesses. Understandably, small business investors are often left frustrated and confused.
NewMarket recognizes this source of frustration. We have recently completed a 12 city tour presenting a set of small business investment considerations specific to the technology market place. The presentation includes a detailed explanation of how the share price of a publicly listed small business can be volatile and out of line with the underlying fundamental financial performance of the company. We include investment strategies to optimize ROI and achieve the anticipated long-term results within the volatility of the market. In addition to reviewing NewMarket's recent performance and future forecast, we will provide an overview of this small business investment seminar at our Annual Town Hall Meeting on December 7th in New Orleans.
Frustration with Share Price and Concern Regarding Management
With the share price near its lowest level in 52 weeks many shareholders own shares at a price above the current price. Regardless of the poor availability of small business investment criteria and any resulting frustration, that frustration has only one place to be directed - management. I appreciate more than ever the handful of communications from those of you voicing your support through thick and thin. I also understand and need to communicate to those of you voicing your concern.
The public market for both large and small companies has an unfortunately rich history of shareholder betrayal. That history includes management malfeasance, as well as, betrayal by other shareholder-investors. Kenneth Lay was legally tried for his exploits as a manager of Enron, while Martha Stewart was tried as an investor in ImClone Systems, and not as a manager of Martha Stewart Living (NYSE: MSO). NewMarket has no celebrity investors. The only names generally associated with the Company are those of management. Any speculation in the light of the public market's unfortunate history is, in turn, directed at management.
Management Accountability and Commitment
As the Chief Executive Officer and on behalf of all management at NewMarket, I am prepared to accept and be held accountable for shareholder concerns and frustrations. I urge you to come to the Town Hall meeting in New Orleans and meet me face to face. Ask the hard questions. Voice your concerns in a public venue. NewMarket may not have a celebrity investor to suspect in light of the public market's unfortunate history, but that does not necessarily mean that there is not an anonymous investor to suspect.
NewMarket is not ignoring the anonymous allegations. We are taking action to include legal recourse. My first priority however is shareholder confidence, not retribution against anonymous allegations.
While the criteria for investing in large and small businesses vary substantially, one aspect is the same. Investors need to assess the capability, commitment and integrity of management. And this is an ongoing assessment. When operational and share price measurements are performing acceptably, it is easy to assume management capability, commitment and integrity is likewise acceptable. When events occur that upset performance measurements, only then is management capability, commitment and integrity tested.
Almost ten years ago I set out to build a new approach for bringing new technologies to market. In 1997, I could not envision a sustained venture capital market to fund ongoing technology innovation. Through my own professional experience with large technology companies, I also could not foresee the long-term viability of then current research and development practices for producing innovative technologies. I set out in 1997 to build a new investment model for funding new technologies and a new business model for facilitating the development of new technologies. My commitment has expanded to include not only creating a new investment model and new business model for technology innovation, but to include making NewMarket an example for other small businesses and small business investors participating in the micro cap public markets.
Please take the time to read the next two shareholder letters in this series of three. Come to New Orleans to meet me and the rest of the management team. Come and ask about the performance benchmarks that we are still behind on and what we are doing to deliver on those benchmark commitments. Come to test our capability, commitment and integrity in person and hear something about small business investment criteria you probably haven't heard at past micro cap meetings.
I look forward to meeting those shareholders who can attend the meeting in New Orleans. In addition, I look forward to continuing to receive your feedback as we continue to build NewMarket into a company that offers its shareholders an above average return of investment.
Philip Verges
CEO and Chairman
NewMarket Technology, Inc
About NewMarket Technology Inc. (www.newmarkettechnology.com)
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), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
"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. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision. Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
Posts: 3387 | Registered: Mar 2006
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Has anyone seen the 2nd of 3, I think this one is the third?
NMKT .27
November 27, 2006 11:56 AM Eastern Time NewMarket Technology, Inc. Provides Business Plan Update for Projected 100% Growth in China to $40 Million in 2007 Revenue Reaching Profitability in 2008 CEO Addresses How Cash Generated by Operations is Best Used to Invest in Growth versus Reporting a Profit in 3rd of 3 Shareholder Letters Providing Detailed Operation Updates
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT) today released a letter to shareholders from CEO and Chairman Philip Verges regarding detailed plans to increase revenue from its Chinese operations by 100% from approximately $20 million in 2006 to a projected $40 million next year. The forecasted increase in China accounts for a substantial portion of NewMarket’s recently announced initial forecast to increase overall revenue to a profitable $120 million in 2007.
NewMarket recently listed its consolidated Chinese subsidiary in a combined acquisition and reorganization transaction with Intercell International Corporation (OTCBB:IICP). Today, Intercell is majority owned by NewMarket Technology. The Intercell name will be changed to NewMarket China in the coming weeks.
The letter to shareholders explains the revenue expansion opportunity and details the current plan to achieve operational profitability in China in 2008 and maybe sooner. While currently profitability plans only include net income expectations from current operations, the CEO outlines how yet to be determined acquisitions could accelerate operational profitability. The letter is included in its entirety within this press release.
Dear Fellow Shareholders,
NewMarket recently announced a projected revenue increase of 100% within its Chinese operations from approximately $20 million in 2006 to $40 million in 2007. In 2005, NewMarket entered into an agreement with the Huali Company in China that has resulted in the majority of NewMarket’s approximately $20 million in 2006 revenue. That contract is being expanded to include servicing an additional geographic region roughly equal in size to the existing geographic region. NewMarket’s experience with Huali and familiarity with the expansion region gives us the confidence to forecast the revenue expansion potential. The current Huali relationship holds the potential to expand into yet another geographic region in 2008 to potentially triple the revenue anticipated this year.
First Build Financially Sustainable Customer Relationships, Then Build Profits
The bulk of the services are related to selling, installing and maintaining computer hardware and peripherals. Due to the nature of the business and the current sales opportunity almost being entirely within China, the profit margin opportunities are not initially particularly impressive. NewMarket plans to improve profit margins by increasing software development services to be a larger percentage of the overall services, in addition to opening up foreign markets. Additionally, as central to NewMarket’s overall strategy, we also have plans to dramatically improve profit margins as the Company matures by acquiring early stage emerging technology companies specific to the Chinese market and pulling higher margin emerging technology sales through to the existing systems integration customers.
Practical Profit Expectations and Probable Profitability Upward Revisions
In conjunction with announcing the projected 100% increase to $40 million in revenue in 2007, NewMarket also announced that operational profitability is not expected until 2008. The profitability expectation is forecasted solely based on the potential of the current operation. The profitability expectation does not include any consideration of increased higher margin software development sales or increased higher margin sales outside China. The profitability expectations also do not include the acquisition of any emerging technology companies and the corresponding sale of any emerging technology products and services to existing systems integration clients.
Independent of the probable profitability upward revisions based on planning underway for software and foreign technology service sales, management considers the current profitability schedule reasonable and practical and well in line with early stage development plans.
Generating Cash and Sources of Investment vs. Net Income Contributions
NewMarket management considers cash produced from operations the best source of investment capital to expand operations. NewMarket and its subsidiaries all have fast growth business strategies and are likewise making regular investments in growth. Current plans in China call for all cash flow produced by operations in China through 2007 to be reinvested back into rapid expansion in China.
NewMarket is one of many companies vying for investor attention. Investors are hungry for profitable companies. One might argue that contributing generated cash to net income rather than investing all cash in a small businesses rapid expansion is a poor use of cash. However, I find it is more practical to demonstrate some profitability in order to draw investors’ attention more easily to the fact that the Company is generating cash, though most of that capital is being reinvested back in support of our continued rapid expansion.
Increased Margins from Listed Subsidiaries Enabling High Margin Equity Income
Dramatic profitability from NewMarket and its subsidiaries will be realized as the business model matures and creates more independently listed consolidated subsidiaries. At that time, both NewMarket and its Chinese subsidiary will be able to derive high margin equity income from the fractional sale of equity in independently listed consolidated subsidiaries. Not to be overlooked is the eventual shareholder dividends to be distributed of the subsidiary stock when most advantageous to NewMarket investors.
Please consider attending NewMarket’s Annual Town Hall Meeting in New Orleans on December 7th to learn more about our operation in China and our other soon to be independently listed consolidated subsidiaries. Come ask more questions about early stage profitability and hear more about our fast growth business strategies.
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
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), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
"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.
Contacts NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.comPosts: 942 | From: Wisconsin | Registered: Jan 2006
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What's goin on with NMKT, I've been holding it since last week and nothing major. All kinds of good news about it, why no movement?
Posts: 201 | From: GA | Registered: Dec 2006
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NewMarket Technology Inc. Interview Today Archived on ***.com Business Wire "US Press Releases " DALLAS --(BUSINESS WIRE)--
***.com conducted an audio and video interview with NewMarket Technology, Inc. (OTCBB:NMKT) CEO, Philip Verges this morning. The interview is accessible at http://www.***.com/mp3/nmkt_120606.mp3.
Mr. Verges said, "New Market Technology is a technology incubator which sometimes gets a lot of bad press from incubators in the past, however we've done things significantly different, we've married the sale of emerging technologies with the sale of traditional technologies," said Verges during the interview. "For instance we are a systems integrator for Microsoft, Cisco Sun and SAP, so when we're selling new technologies, we're going out to our existing customers that are already buying incumbent brand named technologies as opposed to knocking on the doors of no one we've ever met before."
Mr. Verges discussed the recent increase in material corporate announcements leading up to the company's Annual Town Hall Meeting being held tomorrow in New Orleans, LA . 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 2006 with a year to date net income before currency translation of $2.7 million . 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.
"We've raised our revenue forecast for the year to $70 million , we've done $52 million for the first three quarters," Verges stated. "We had a record quarter of 18.9 million for third quarter this year 2.7 million net income to date." The Company has already forecasted revenue of $120 million for FY 2007 without the benefit of any future acquisitions. However, the company's business plan has been consistently focused on acquisition activity, along with organic growth. Additionally, the company recently announced the independent listing of its operations in China (OTCBB:IICP) and two Letter of Intent agreements with Paragon Financial Corporation (OTC:PGNF) and Diamond I, Inc. (OTCBB:DMOIE) to list two additional subsidiaries. NewMarket Technology will hold a majority equity position in all 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.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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NewMarket Technology, Inc. Announces Letter of Intent to Acquire Majority Interest in Silicon Aquarius, Inc., a Telecom Technology Firm with 23 Patents Friday December 8, 10:08 am ET Acquisition Detailed at NewMarket Town Hall Meeting in New Orleans Yesterday as Part of 2007 Strategy to Expand Emerging Technology Reach
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced signing a letter of intent agreement to acquire a majority interest in Silicon Aquarius, Inc., a telecommunications technology firm with 23 patents. ADVERTISEMENT
"Silicon Aquarius is a local Texas firm headquartered in the telecom corridor of North Texas," said Philip Verges, CEO and Chairman of NewMarket. "Silicon brings innovative and prescient engineering talent that has previously enhanced the patent library of firms such as Texas Instruments. We are privileged and excited to have this opportunity to obtain an intellectual property portfolio. The transaction underway between Silicon and NewMarket is a strategic combination of intellectual property, engineering, marketing, financial investment and embedded development resources through NewMarket's established partnerships in China. The addition of Silicon Aquarius will extend NewMarket's emerging technology reach and depth by substantially jump starting an intellectual property inventory of technologies with multiple applications in multiple industries."
The letter of intent agreement was announced at NewMarket's Town Hall meeting yesterday in New Orleans. The meeting was video taped and will be available next week on the Company's website.
Highlights of the meeting included an overview of NewMarket's recent independent listing of its consolidated operation in China, NewMarket China, Inc., currently listed as Intercell International Corporation (OTCBB:IICP - News). The presentation also reviewed the pending transactions with Paragon Financial Corporation (OTC:PGNF - News) and Diamond I, Inc. (OTCBB:DMOIE - News). David Loflin, CEO of Diamond I, was on hand and indicated that the filing issue resulting in the "E" currently appended to the Diamond stock symbol had been resolved and would be removed next week.
Ms. Pat Robinson from the City of New Orleans Department of Economic Development provided a detailed presentation on the status of the city wide rebuilding initiative to include the developing opportunity between the City and NewMarket Technology. Interested shareholders will have the opportunity today to participate in NewMarket's working meeting with the Department of Economic Development during a tour through the City of New Orleans to review current key rebuilding projects.
The Power Point Presentation from the NewMarket Town Hall meeting is available by contacting ir*newmarkettechnology.com.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
Posts: 201 | From: GA | Registered: Dec 2006
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NewMarket Technology, Inc. Town Hall Meeting Focused on Recent Increase in Spin-off Activity and Financials Monday December 11, 10:16 am ET Record Revenue Quarter and Improved Net Income Highlighted
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) released an overview of the company's recent Town Hall meeting last week which highlighted the company's momentum towards meeting the long-awaited goals of publicly listing a number of subsidiaries, yet still retaining a majority interest to maintain consolidated financial reporting and provide long-term capital gain potential for shareholders. ADVERTISEMENT
During the meeting, CEO Philip Verges announced the signing of a letter of intent (LOI) to acquire a majority interest in Silicon Aquarius, Inc., a telecom technology firm headquartered in Richardson, Texas with 23 Patents issued between Nov. 10, 1998, and Nov. 21, 2006 (Silicon Aquarius, Inc. Patents). Texas Instruments' patent portfolio has been the beneficiary of the technological innovation from the expertise and talent now at Silicon Aquarius. As noted by Mr. Verges, "The transaction underway between Silicon and NewMarket is a strategic combination of intellectual property, engineering, marketing, financial investment and embedded development resources through NewMarket's established partnerships in China. The addition of Silicon Aquarius will extend NewMarket's emerging technology reach and depth by substantially jump starting an intellectual property inventory of technologies with multiple applications in multiple industries." Significantly, Silicon Aquarius believes there are a number of patent infringement cases that can be pursued.
NewMarket's recent independent listing of its consolidated operation in China with a 2007 revenue forecast of $40 million, NewMarket China, Inc., currently listed as Intercell International Corporation (OTCBB:IICP - News) was discussed at the Town Hall, along with the intent to convert the company's preferred stock with anti-dilutive provisions at a later date to facilitate a dividend distribution of IICP shares to NMKT shareholders. The presentation also reviewed the pending transaction with Paragon Financial Corporation (OTC:PGNF - News), which is planned to be renamed NewMarket Latin America with $20 million in revenue and booking a profit. Lastly, the recently announced LOI with Diamond I, Inc. (OTCBB:DMOIE - News) was included in the presentation on the strategic benefits of the transaction with the WiFi and Wireless Gaming firm. David Loflin, CEO of Diamond I, told shareholders that the "E" currently appended to the Diamond stock symbol will be removed this week due to its pending financial filing.
Mr. Verges indicated that NewMarket was intent upon completing the announced transaction as soon as possible in order to advance the company's business plan to eventually provide dividends to NMKT shareholders in the form of stock dividends of the consummated consolidated subsidiary spin-offs. Mr. Philip Rauch, CFO, presented the company's financials and highlighted the company's record revenue quarter announced for third quarter 2006 and the company's turnaround in net income. Mr. Rauch also noted that shareholder's equity exceeds $42 million as of the company's last 10-Q.
Ms. Pat Robinson from the City of New Orleans Department of Economic Development presented on the city's many rebuilding initiatives, to include both economic incentives for companies and assistance to individuals effected by Katrina and the subsequent failure of the levee system.
The video of NewMarket's Town Hall meeting in New Orleans last week will be available on the Company's website by Thursday, December 14. The Power Point Presentation from the NewMarket Town Hall meeting is available by contacting ir*newmarkettechnology.com.
Posts: 201 | From: GA | Registered: Dec 2006
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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
Posts: 201 | From: GA | Registered: Dec 2006
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NewMarket Technology, Inc. to Issue One Dividend for Every One Share of Stock with Closing of SAI Acquisition and Reorganization into Claire Coast Corporation Tuesday December 12, 10:22 am ET Company Releases Details Regarding Acquisition of SAI with 23 Patents and Reorganization into Public Subsidiary 20% Directly Owned by Shareholders
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today published details regarding the company's plan to issue one dividend for each share of NewMarket Stock in conjunction with the acquisition of Silicon Aquarius Incorporated (SAI). Microchip Technology, Inc. (Nasdaq:MCHP - News) is currently a 20% stakeholder in SAI. ADVERTISEMENT
Philip Verges, CEO and Chairman of NewMarket Technology, Inc., said:
"NewMarket's mission is to continuously introduce new technologies to market. The purpose of the dividend issue is to provide NewMarket shareholders with a direct long-term interest in those technologies to be introduced in the future. Management is enthusiastic about the potential of the 23 patents given our ability to produce cost-effective innovative telecommunication products with our resources in China."
NewMarket recently listed its Chinese operating subsidiary with a revenue forecast of $40 Million for FY2007 in a transaction with Intercell International Corporation (OTCBB:IICP - News). Intercell is now an independently listed, consolidated subsidiary of NewMarket and is in the process of changing its name to NewMarket China.
Details of the Acquisition, Reorganization and Dividend Issue
NewMarket has a letter of intent (LOI) agreement to purchase controlling interest in SAI. NewMarket also has a LOI agreement to purchase controlling interest in Claire Coast Corporation. Claire Coast is a publicly registered development stage company that has not yet been listed. Information on Claire Coast is available at www.sec.gov. NewMarket plans to reorganize SAI into Claire Coast and issue one share of Claire Coast to every holder of one share of NewMarket Stock. Neither the acquisition of SAI nor Claire Coast will involve any commitment of NewMarket stock now or in the future. The company anticipates the transaction to close before the end of First Quarter, although the company is pushing for a January closing. NewMarket will announce the distribution date for the dividend immediately upon the close of the acquisition.
NewMarket Common Stock Inventory Reconciliation and No Reverse Split
NewMarket is not planning a reverse split in conjunction with this transaction. On the contrary, management is enthusiastic about the ancillary positive effects associated with a one for one dividend distribution.
"NewMarket's issued and outstanding has increased gradually since 2002 in conjunction with the execution of the business plan," said Philip Verges. "Given the nature of the prevailing electronic stock trading environment, the electronic inventory of shares can become disorganized in varying degrees. In other words, there may not be one physical certificate to match to every electronic certificate. An incidental excess of electronic certificates can create an artificial elevated supply of stock and a corresponding decrease in share price. An exercise such as the issue of a dividend will require the reconciliation of electronic and physical certificates and eliminate any incidental supply of shares that might be having a negative impact on the current share price."
Posts: 201 | From: GA | Registered: Dec 2006
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If it makes you feel any better, my dad has a bunch of this one, so I keep up with it occassionally, although I haven't bought any yet.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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It makes me feel a little better. It's a good stock IMHO. But you're right it just can't quite break through that ceiling, not yet anyway. But I think it will in the first part of next year when all the acquisitions go through and the dividends are paid out, IMHO
Posts: 201 | From: GA | Registered: Dec 2006
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NewMarket Technology, Inc. Announces Full Range of Managed IT Services for Commercial Clients with Launch of XipServ
Business Wire - December 20, 2006 08:17 IP Global Voice, Inc., a Division of NewMarket Technology, Inc., Now Offers Full End-to-End IP-based Solutions for Businesses
DALLAS, Dec 20, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced IP Global Voice, Inc., a division of NewMarket Technology, Inc., launched "XipServ," expanding the company's business service and product offerings to offer a full range of managed IT services for small, medium and large commercial customers.
IP Global Voice, Inc., along with its operating divisions, Corsa Network Technologies and XIPTEL Communications, now offers full end-to-end Internet Protocol (IP)-based solutions for business customers. These solutions include hosted VoIP telephone for the small to medium business market, IP PBX hardware and managed systems solutions, high-end network security technologies, and other cutting edge network and productivity enhancement products.
Voice applications and telephone systems in today's business market are quickly moving to Internet Protocol (IP) based operations and technologies, using the same IP-based network technologies already in service in most businesses. XIPTEL Communications and Corsa Network Technologies have concentrated on the opportunity to deliver advanced network security technologies and other market leading solutions featuring advanced firewall systems, identity management, content filtering, application acceleration, and state-of-the-art VoIP telephone systems.
XipServ completes the company's list of offerings to include full project implementation, IT risk assessment and analysis, hosted MS Exchange services, bandwidth and WAN analysis and monitoring, patch management, on-site technical services, maintenance and 24/7 IT help desk support.
For more information on XipServ and IP Global Voice, please visit the company website (http://www.ip-gv.com/managed_services.htm).
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 IP Global Voice, Inc. (www.ip-gv.com)
IP Global Voice, Inc. is a certified 3Com partner with a full range of voice, security, and data network products and services. IP Global Voice offers dozens of other products and services for every business need, partnering with companies such as Riverbed, Juniper Networks, Ae6, Bradford Networks, Mirapoint, Tipping Point, and others. XIPTEL Communications (http://www.xiptel.com) uses carrier quality network-embedded soft switches to eliminate the need for customer-premise PBX systems. XIPTEL is dedicated to bringing high quality, low cost VoIP-based telephone service to small and medium sized businesses. Xiptel combines the features and benefits of enterprise level VoIP PBX solutions, with the reliability, flexibility, simplicity, and lower cost, of network-hosted solutions. Small to Medium Enterprise (SME) customers receive large enterprise features at a 30-40% savings. Corsa Network Technologies is an innovative Systems Integrator of security systems for the corporate market. The company designs, integrates, and sells robust security solutions that enable confidential communications over internal and external, public and private networks. Corsa offers complete protection, detailed accounting visibility, and ready management control - with high performance, low cost security products, services, and systems.
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), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket 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.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com
Copyright Business Wire 2006
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Diamond I, Inc. Files 3rd Qtr Financials in Preparation to Combine Operations with NewMarket Technology, Inc. Business Wire - December 21, 2006 09:23 Diamond and NewMarket, with $70 Million in Forecasted Annualized Revenue, to Create NewMarket Wi-Fi Subsidiary with Multi Market Solutions Including Voice over IP (VoIP), Gaming, Homeland Security and Municipal Utilities
BATON ROUGE, La., Dec 21, 2006 (BUSINESS WIRE) -- Diamond I, Inc. (OTCBB: DMOIE) filed its Third Quarter financials and anticipates its stock symbol to change from "DMOIE" to "DMOI" within the next few days. The filing was a necessary step in advancing towards combining the company's operations with NewMarket Technology, Inc.'s (OTCBB: NMKT) Wi-Fi operations.
As previously announced, a letter of intent has been signed with NewMarket Technology to combine Diamond I 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.
Wi-Fi Expansion Strategy and NewMarket Contribution
The combined companies will consolidate Wi-Fi technology assets and proprietary knowledge and build equity partnerships with other emerging Wi-Fi businesses that can be leveraged to build revenue in a number of market segments. In the reorganization, Diamond I will develop subsidiary companies that concentrate on developing Wi-Fi-specific market segments. Diamond I currently has a subsidiary focused on Wi-Fi-enabled gaming, targeted for deployment on casino properties. A second subsidiary is to be formed to concentrate on bringing Wi-Fi solutions to city municipalities. The parent company will maintain its core Wi-Fi technology assets, which can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
Diamond I and Wi-Fi Gaming
Diamond I, Inc. has been developing a hand-held wireless gaming system for on-premise use by casinos, resorts and restaurants, known as "WiFiCasino GS". In March 2006, Diamond I, Inc. acquired the rights to pending patents relating to voice-recognition, or "voice-print" security technology. The security provided by the company's proprietary "voice-print" technology, coupled with the company's patent-pending "finger-print" biometric security technology, provides a significant competitive advantage when demonstrating that only eligible users are permitted to gamble.
In March 2006, the State of Nevada adopted final regulations implementing Nevada Law AB471, which authorizes the use of mobile communication devices, such as Diamond I's WifiCasino GS wireless gaming system, for gaming in public areas in Nevada casinos. The company completed the final design and three-dimensional model of the first generation of the company's WifiCasino GS that includes proprietary finger-print security technology. In addition, an application for the WifiCasino GS from the Nevada Gaming Commission is being prepared. Significantly, the company signed a letter of intent with The Palms Resort and Casino, a premier Las Vegas property, wherein The Palms has agreed to continue to develop a working relationship with the WifiCasino GS wireless gaming system. Internationally, the company entered into a strategic alliance with Viking Productions, a marketing and promotions firm with a presence in Jamaica, to introduce the WifiCasino GS to venues associated with the Jamaican hotel and tourism industries. The company is also exploring potential opportunities in the cruise and horse racing industries.
Diamond I, Inc. also recently executed an agreement to acquire Touchdev Limited, a developer of an array of internally-derived and copyrighted gaming software products, with wireless PDA and cellular-phone-based capabilities. Touchdev has created 12 different games, including Texas Hold'em Poker.
About Diamond I, Inc. (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-premise 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 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), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel (Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket 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.
SOURCE: NewMarket Technology, Inc.
Diamond I, Inc. Investor Relations, 404-261-1196 or LC Group Rick Lutz, 404-261-1196
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