posted
OS is 98 mil. ( they filed 2 SB's in a row...we'll see if she keeps going, not a bad OS)
NewMarket Technology Inc. Releases Update on Progress to Date Toward 2006 Plan For $58 Million In Profitable Revenue And Outlines Potential for 60% Upward Revision in Revenue Forecast; Update Includes Q106 Anticipated Benchmark Events Feb 7, 2006 11:24:00 AM Copyright Business Wire 2006 DALLAS--(BUSINESS WIRE)--Feb. 7, 2006--
NewMarket Technology Inc. (OTCBB:NMKT) today released an update on progress to date toward its business plan in 2006. The Company has forecasted 15% annual revenue growth in 2006 to a profitable $57.5 million over last year's profitable $50 million (unaudited). Recently the Company released specific business plans for each of its six operating business units. The $83.5 million sum of the fully consolidated business unit revenue goals for 2006 represents more than a 60% increase over NewMarket's 2005 revenue. The business unit goals are based on corporate developments not yet consummated. At the close of each fiscal quarter the annual forecast will be reviewed and updated as required.
Business Unit Revenue Goal -------------------------------------------------- Latin America $25,000,000 China $28,000,000 Systems Integration $12,500,000 VoIP $15,000,000 Healthcare $ 3,000,000 -------------------------------------------------- Upward Revision Potential $83,500,000 In addition, the unconsolidated Homeland Security revenue forecast for 2006 is estimated at $10 million and is reported in NewMarket's affiliate company, Defense Technology Systems (OTC:DFTS).
Business Unit goals include the previously announced planned acquisition of UniOne in Sao Paulo, Brazil, with approximately $11 million in profitable annual sales. This acquisition constitutes a substantial portion of the Latin American $25 million 2006 revenue goal. The acquisition is expected to close in the very near future. Both the buyers and sellers are enthusiastic and working diligently to complete the transaction. The completion of this transaction is a likely candidate event that would trigger an upward revision of NewMarket's overall 2006 forecast after the close of Q1 '06 and the filing of the quarterly report.
"NewMarket has grown substantially from $2.3 million in revenue in 2003 to over $50 million in 2005," said Philip Verges, CEO of NewMarket Technology Inc. "We anticipate continued rapid growth in both revenue and income. Our new approach in 2006 is to communicate a balance between potential and prudence to provide shareholders with a reasonable forecast, while at the same time providing detailed information behind the Company's plan to exceed that forecast. We know our key to achieving continued growth lies in the successful expansion of our management team and the reinforcement of our operational processes and procedures. We have already announced the addition of Mr. Rauch as our CFO and shareholders can expect additional management and director announcements to be shortly forthcoming. Nearly halfway through the first quarter of the year, I am optimistic we will exceed the 15% growth forecast for 2006 over 2005."
NewMarket combines a traditional technology services offering with an emerging technology incubation business function. The result has been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005 (unaudited). NewMarket was named in 2005 as the 13th fastest growing technology firm in North America on the Deloitte Technology Fast 500.
About NewMarket Technology Inc. (www.newmarkettechnology.com)NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO) 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: NewMarket Technology Inc.
---------------------------------------------- NewMarket Technology Inc. Investor Relations: Rick Lutz 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.comPosts: 1632 | From: NJ | Registered: Nov 2005
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posted
I love watching stocks... bid .283, ask .29 then a sale goes through at .39
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
have actually been buying a little NMKT in the .28 range lately. maybe i'm an idiot, but - just strikes me that they are oversold, my hunch is that they're eventually due for a bounce.
the thing is: they're *profitable*. not a lot of profit yet, but - now that it's in the .20's, doesn't take much to drive the P/E down.
honestly, i think it would help NMKT if they simply: zipped their trap for awhile. they release *SO* many PR's it's ridiculous. their latest PR about the shorting squeeze points was really asinine. i *hate* it when CEO's issue PR's about that crap. much better to simply: pipe down, turn a profit, and let the numbers speak for themselves.
they also talk a lot about their revenue growth, issuing 8000 projections a day. they don't mention much about *profit* growth though. hopefully that will come in time.
i dunno, a weird stock. has some flaws, but - once again, they are making a profit, and growing. interesting enough to me to get in at this range for a little. we'll see how it goes.
Posts: 1698 | Registered: Mar 2004
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posted
interesting week for NMKT. this wasn't an official PR, but verges apparently posted the following letter this week, dated 2/23.
normally, i really HATE complaining like this, especially by company CEO's. it's one thing for some disgruntled shareholder to complain on a message board about naked shorting and all that. but it bugs me when verges and that overstock guy etc are always whining about it: imho is better to pipe down and let the numbers speak for themselves.
some interesting things from NMKT lately though. and like i said in the last post: regardless of whether i like or dislike verges, is not much doubting the fact that they are making a profit and growing. i wouldn't bet the farm on NMKT, but - i added some more this week, am hoping that the .27 range was bottom. we'll see.
I’m Mad as Hell and I’m Not Going to Take it Any More
Have You Heard Every OTCBB Excuse for a Declining Share Price?
Are You Mad as Hell Too?
I manage a company listed on the OTCBB that has grown from $1 million in revenue in 2002 to $50 million in profitable revenue in 2005. Since 2003, the share price has steadily trended down while shareholder equity has increased from a negative number to $30 million. The Company’s fundamental financial performance has been recognized by the Deloitte Fast 500 ranking the Company as the 13th Fastest Growing Technology Company in North America. Nevertheless, the share price has declined.
You may be familiar with NewMarket Technology Inc. (OTCBB:NMKT)
As the CEO of the Company I have been accused of every OTCBB transgression listed above and more. The Company’s fundamental financial performance has been disregarded and replaced with accusation upon accusation of mismanagement.
Genuine shareholders that purchased stock because they believed in the Company’s potential are now angry as a result of the declining share price and confused as to the cause of the declining share price.
One shareholder emailed the following to me:
“I hope management can do something to regain trust in a fundamentally sound and growing company.”
What’s not to trust in a fundamentally sound and growing company?
Frustrated shareholders are very vocally selling their shares. Hate email is at an all time high.
Here is the really interesting aspect of all the frustrated selling - SOMEBODY IS BUYING. Average daily trading volume is over 1 million shares per day.
Have you ever owned a stock with a share price declining on high volume? Don’t you wonder who is buying all that stock? Haven’t you been mad as hell at the declining share price and perhaps even associated your anger to one of the OTCBB transgressions listed above?
I am Mad as Hell and Here is What I Plan to do About it.
Today NewMarket announced its first ever cash acquisition. We added $14 million plus in annual highly profitable revenue without issuing a single share of stock. We bought a Brazilian Technology Services company for cash paid out over four years. The acquired company will pay for itself.
Without a single share of stock – that is the key and the first hint of NewMarket’s initiative already underway to reduce the fully diluted issued and outstanding, while still aggressively growing the Company.
NewMarket expects to eliminate all of its outstanding preferred stock within the next 30 days. All of the existing preferred stock has been issued to acquire assets. Those assets are being restructured into subsidiaries and the stock of the subsidiary companies is being exchanged for the NewMarket preferred.
NewMarket has over $100 million in sales in its pipeline. We expect to close new contracts of surprising substance. We anticipate decreased fully diluted issued and outstanding and dramatic fundamental financial improvements. We look forward to the share price reaction. We believe 10-20 million shares have been sold short. We anticipate a short squeeze when the fully diluted issued and outstanding reduction is realized by short sellers.
What has your experience been with declining share prices and the usual OTCBB transgression suspects? What tactics have you seen attempted and with what success?
We intend to communicate our experiences to state securities regulators. We want to memorialize not only our own experiences, but the experiences of other issuers and investors.
I refuse to be demoralized by the accusations. I refuse to standby while share price declines despite dramatic fundamental financial performance growth. Each share of stock today represents a dramatically increased asset value even though ownership percentage represented by each share of stock has declined. The declining share price does not make sense. I am Philip Verges. I am mad as hell and I am not going to take it any more. Are you?
Posts: 1698 | Registered: Mar 2004
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posted
nice day for NMKT, .35 close on large volume.
is going to be interesting to see if NMKT can sustain the bounce off .27 and push back to .40-range, or it will slip back and stagnate around .30 some more. the chart pattern the last year has been one of short jumps followed by slow declines:
not sure if NMKT will be able to break that pattern this time and bump up to a higher bottom support plateu, or not - we'll see.
Posts: 1698 | Registered: Mar 2004
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posted
well, a quick answer to my question in the previous post: followed *exactly* the same pattern as before. in the above link, you can see the "self-similarity" in the chart - same repeating pattern of quick jumps followed by slow declines/stagnation period. back at .30 again.
next major important point for NMKT will be: their 10K is due march 31. will be interesting to see the numbers.
Posts: 1698 | Registered: Mar 2004
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i don't have much doubt the revenue will be there when the 10K is filed 3/31, this is referred to all the time in NMKT PR's. the amount of profit will be quite interesting to see though. I imagine it will be narrowly profitable, but - not sure how much. .01/sh or less would be a little disappointing to me, .02 would be good, .03 (though i doubt will be that much) would be quite good. the only clue in the PR is: "I believe shareholders will be pleased with the Company's improving profits." should be interesting. I'll hold my small amount of NMKT and see how it goes.
what i found most interesting about today's PR was it was the first actual mention of the DFTS distribution in a long time, at least that i know of:
"The dividend distribution was unfortunately delayed by unforeseen complications that are currently being addressed. Management still intends to issue the DFTS dividend, however another equity dividend may be issued prior to the originally planned first dividend of DFTS stock."
we'll see how it goes on this. imho this was one of the major snafus that turned NMKT's stock price in a long decline: investor confidence lost when they touted and promised this DFTS dividend but then suddenly all talk of it disappeared. it will be interesting to see how verges follows up on his dividend plan. he is certainly big on talk in this regard, actions will certainly speak louder than words though.
Posts: 1698 | Registered: Mar 2004
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quote:Originally posted by blue_in_MI: .01/sh or less would be a little disappointing to me, .02 would be good, .03 (though i doubt will be that much) would be quite good.
well - sticking by my original thoughts from a week or two back: they officially hit the: "pretty good, not bad" mark: .015/sh profit. revs obviously quite good.
old-fashioned maybe, but - i always like to do a quick "napkin P/E calculation", so around 25 based on today's close around .38. not overly lofty for a company growing as quickly as NMKT. a lot of factors though, at this point is still a little early to figure out a true value for NMKT. if pressed, i'd say - they're worth about .45 a share now.
still holding my relatively small amount of NMKT long, we'll see how it plays out. should be an interesting upcoming year for them. revs will be there, the question is if they can keep the share count in order and bump up the profit/share number. .03 would be quite nice. we'll see - dunno how it'll play out but i'm willing to keep a little long and see how it plays out over the next year or two.
Posts: 1698 | Registered: Mar 2004
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posted
nice day for NMKT, .43 close on strong volume.
will be interesting to see if it can hold .40 as the bottom support for awhile, rather than slowly eroding back down like in the past.
Posts: 1698 | Registered: Mar 2004
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posted
beauty of a day for NMKT. i admit that - i couldn't resist selling at the close. based on my logic in the post a few days ago, i thought it was worth about .45/sh at this point, so couldn't resist taking .54. especially because it has a history of falling back. would buy back in the low .40's, if it makes it back there and the company is in similar shape.
if it's any consolation to NMKT holders - i ALWAYS sell too early, no doubt it will rocket past $1 now!
Posts: 1698 | Registered: Mar 2004
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posted
i don't know Blue...if history repeats, I think you made a good play. lol, i wish it looked this good when I played in these ranges last year...
posted
story of my life: ran to .68 this morning on huge volume, though it did pull back now to under .60 again.
amazing, i seem to always sell too early, d'oh!!
sometimes it's hard for me to understand trading patterns and i have to shake my head. i couldn't understand why NMKT was all the way down at .27 when they were a growing and profitable company. and now, conversely, i can't understand why they'd run so far, based on .015/sh profit. maybe i'm too logical/fundamentals-oriented to figure out TA and all that other stuff, leaves me scratching my head a lot of the time i'll admit...
Posts: 1698 | Registered: Mar 2004
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posted
almost 20M shares traded today! dang, that is a lot of shares flying around. congrats to those who held!
Posts: 1698 | Registered: Mar 2004
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posted
Record volume should hit some triggers in people's filters and generate some more interest and $$$$ for tomorrow. Hoping for a gap and run.
Posts: 10 | Registered: Apr 2006
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posted
the 'net can of course be a very valuable tool in researching and getting input and opinions of stocks of interest. the trick of course, is to filter out all the pump and dump crap and illiterate "to the moon!" junk and people who have no idea who edgar is, and why edgar would be online.
my favorite NMKT poster is: this "firecracker" guy, any NMKT holders might want to check his posts and opinions here:
i find him to to very balanced and fair in his opinions. whenever i read a new NMKT PR, i always make sure to check on his thoughts, to see if they correlate with my own. sometimes i agree with him, sometimes i don't, but - really i don't think that there's much doubt that his opinions are well-thought out and quite valuable to understanding NMKT, imho.
Posts: 1698 | Registered: Mar 2004
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posted
pretty amusing - i could never quite understand the selloff to the upper .20's, then i couldn't understand when the pendulum swung too far the other way with the rocket ride to .70, now after an ugly week NMKT back at .41 again. such a strange stock and even an odd company in some ways. guess the momo crowd piled on and then departed.
always a tricky thing for me, the market. i'm a simple guy and rely on fundamentals, so all i know how to do is to try to figure out what i personally feel like a stock is worth, and buy and sell accordingly. the momo crowd quite often leaves me shaking my head and wondering.
anyway, was tempted friday to re-buy NMKT at .41, but - am going to wait a little bit and see if it dips to the upper .30's. my opinion is that right now it's worth maybe .45 a share, so i'd re-buy if it dipped much further. but - who knows, could repeat the pattern of much of the year, and continue to drop. one would think that the profitable nature of the 10K would raise the support level up from where it was much of the year, into at least the middle .30's. but - who knows, i guess wrong all the time when trying to contemplate support and resistance levels. in any case, will be watching next week.
Posts: 1698 | Registered: Mar 2004
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posted
set my limit buy .005 too low - figures. was sitting on the bid at .37 a few days ago and it dropped to .375 and bounced back up, of course; *sigh*.
i defer to firecracker's take on the PR today (look up a few posts if you don't know who firecracker is):
quote:Originally posted by blue_in_MI: set my limit buy .005 too low - figures. was sitting on the bid at .37 a few days ago and it dropped to .375 and bounced back up, of course; *sigh*.
i defer to firecracker's take on the PR today (look up a few posts if you don't know who firecracker is):
quote:Of particular interest to shareholders is our announced intention to reduce the fully diluted issued and outstanding and management's plan to purchase NewMarket stock in the open market. A reduction in the fully diluted issued and outstanding will be reflected in conjunction with the quarterly report. Management has recently completed the prerequisite organizational requirements and legal reviews to execute on a stock purchase program. In the coming weeks, shareholders can anticipate the SEC filings required when management make additional investments in the company.
Seems like a few were taking this plan as "right now" . . .
posted
NMKT is an odd-trading stock, so prone to overswings in either direction. when considering it, am still going by the basic premise that theyr'e worth about .45/sh at this point. so if they go 15% below that i buy, and 15% above i sell.
admit that i was surprised that it fell so far after the momo from the 10K died, and then surprised again it bumped up so quickly. to some degree it seems to have become a "traders plaything", and thus the underlying fundamentals don't see to matter as much as sentiment/momo
Posts: 1698 | Registered: Mar 2004
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