NewMarket Technology, Inc. Completes Sale of Medical Office Software, Inc. to VirtualHealth Technologies, Inc. for $3 Million
By BusinessWire Last Update: 10/10/2006 10:00:22 AM Data provided by
DALLAS, Oct 10, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) today announced the sale of its subsidiary Medical Office Software, Inc. (MOS) to VirtualHealth Technologies, Inc. (VHGI) for $3 million in stock and debt. Over two years ago, NewMarket Technology acquired controlling interest in MOS for $550,000. Since the acquisition, NewMarket has invested approximately $1 million into MOS as part of the Company's incubation process.
"The sale of MOS is an important milestone for NewMarket," said Philip Verges, CEO of NewMarket Technology, Inc. "We are introducing a new incubation process with long term sights on all together changing the industry's current approach to high tech research and development. The sale of MOS with a 100% return on investment is a small scale validation of our new incubation process, but a validation nonetheless. It is one of our earliest initiatives started just after the Company had reported $2.3 million in annual revenue. We reported $50 million in profitable annual revenue in 2005 and plan to report over $70 million for 2006. We expect to demonstrate an even larger scale validation of our incubation business model with the soon to be announced reorganization of our Chinese operation into an independent public listing."
In addition to the subsidiary sale, NewMarket will also provide ongoing support services to Medical Office Software as well as its new parent company VirtualHealth Technologies, Inc.
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 (MSFT), Cisco Systems (CSCO), Hyperion Solutions (HYSL) and SAP (SAP). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period. The financial results achieved have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
"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.
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NewMarket Technology, Inc., and Action Products International, Inc., Explore Potential Acquisition of All NewMarket Outstanding Stock by Action Products
By Market Wire Last Update: 10/10/2006 10:00:32 AM Data provided by
DALLAS, TX, Oct 10, 2006 (MARKET WIRE via COMTEX) -- NewMarket Technology, Inc., (NMKT) and Action Products International, Inc., (APII) today announced executing a non-binding letter of intent (LOI) regarding the possible acquisition of all NewMarket outstanding common stock by Action Products in exchange for APII common stock. The letter of intent includes specific consideration for the respective shareholders of each Company.
Consideration for NewMarket Shareholders
NewMarket common stock would be valued in the transaction at not less than $0.50 per share for a total transaction value to NewMarket shareholders of approximately $100 million. The $0.50 per share purchase price is a minimum and not a constraint to the actual valuation. The actual NewMarket common stock purchase price could be higher.
Consideration for Action Products Shareholders
The shareholders of Action Products common stock will have an option in conjunction with the contemplated transaction to exchange their shares of common stock for shares of Class A Preferred Stock on a one share for one share basis. The Class A Preferred Stock will have a par value of $6 per share and include an annual yield of 5% payable quarterly in cash. In the event all 5.2 million shares currently issued and outstanding are converted, the 5% annual yield represents approximately $1.5 million in potential cash dividends to Class A Preferred shareholders per year or an estimated $0.30 per share. The current Action Products warrant holders will have the right to exercise their warrants and tender the common stock to receive the new convertible preferred shares, until a date to be set, which would be before the acquisition is completed. If the warrants are not exercised, by the conversion date, they will remain in effect under their current terms. The Action Products shareholders may maintain their warrant even if they choose to exchange common stock for the Class A Preferred Stock. The Class A Preferred stock will be callable by the Company after one year at par and will automatically convert to common in the event the market bid price for Action Products common stock remains at or above $6 per share for 10 consecutive days.
The current NewMarket management team would remain as the combined Company management team. The transaction would be subject to a shareholder vote of both companies.
"We are early on in our discussions, but the possible combination of the two companies has a number of promising benefits," said Philip Verges, CEO and Chairman of NewMarket Technology, Inc. "NewMarket would enjoy a listing upgrade to the NASDAQ exchange subject to review by NASDAQ. The existing Action Products operation is also a valuable asset. In the future, NewMarket intends to expand its business model for introducing new products and services to new markets beyond the technology sector. The possible transaction with Action Products creates consideration for accelerating that expansion."
Ron Kaplan, CEO and Chairman of Action Products International, Inc., said, "NewMarket Technology is a young company gaining momentum through an innovative and compelling business model that can sustain growth to create substantial profits and regular shareholder dividends. NewMarket brings significant value in terms of sales, profits and assets to Action Product shareholders today. NewMarket's potential is far greater and reason alone to consider this transaction. I believe this potential transaction with Action Products makes a compelling case for NewMarket to immediately expand its business model beyond technology to include consumer products. I expect that the Action Products operation will have increased value with the addition of NewMarket's unique approach to introducing new products and services to new markets."
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, Cisco Systems, Hyperion Solutions and SAP. Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period. The financial results achieved have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
About Action Products International, Inc.
Action Products International, Inc. (APII), based in Orlando, Florida, is a toy manufacturer, emphasizing educational and positive play brands, including JAY JAY THE JET PLANE Wooden Adventure System, the I DIG(R) series, Space Voyagers(R), "The most authentic Space Toys on the Earth," ToddWorld(TM) soft play toys, Climb*Tron(TM) window-climbing robots, Curiosity Kits(R) and IMADETHAT(TM). Its products are marketed and sold to toy stores, specialty retailers, Internet retailers, museums, zoos, theme parks, attractions, catalog companies and education markets in the United States and worldwide.
"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.
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DJ Action Pdts Plans To Buy NewMarket In $100M Deal >APII
DOW JONES NEWSWIRES
Action Products International Inc. (APII) signed a non-binding letter of intent to buy NewMarket Technology Inc. (NMKT), a Dallas provider of integration and maintenance services to the telecommunications, health-care, homeland security and financial-services industries, for about $100 million in stock.
Orlando, Fla., toy maker Action Products said Tuesday the deal would value NewMarket common shares at a minimum of 50 cents each. NewMarket's shares, which list on the over-the-counter Bulletin Board, recently traded up 4 cents to 33 cents.
Action Products shareholders would have the option to swap their common shares for Class A preferred shares on a one-for-one basis. Warrant holders would have the right to exercise their warrants and tender the common stock to receive the new convertible preferred stock, until a date to be set, which would be before closing of the deal.
NewMarket's management would remain in place upon completion of the transaction, which would be subject to approval by shareholders of both companies.
Action Products said the acquisition of NewMarket would bring "significant value in terms of sales, profits and assets" to its shareholders.
Newmarket reported 2005 revenue of $50.1 million, while Action Products had sales of $9.5 million.
Action Products' shares have climbed on the news, recently trading at $2.25, up 26 cents, or 13.1%.
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VirtualHealth Technologies, Inc. Announces the Completion of the Acquisition of Medical Office Software Company of South Florida PR Newswire - October 10, 2006 10:57
LEXINGTON, Ky., Oct 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirtualHealth Technologies, Inc. (OTC Pink Sheets: VHGI), President, James M. Renfro announced today that VirtualHealth Technologies has completed the acquisition of the controlling interest of Medical Office Software, Inc. (MOS) from NewMarket Technology, Inc., (OTC Bulletin Board: NMKT) (through its subsidiary MB Holding Corporation) that was announced on September 21, 2006. VirtualHealth, through its subsidiary MB Holding Corporation, now owns 100% of MOS.
MOS, a medical software developer, distribution and service company located in South Florida, currently has an estimated $2 million in annual sales. VirtualHealth plans to incorporate MOS in its controlled prescription drug monitoring program Veriscrip(TM) initiatives in addition to expanding its products and services to physicians and healthcare providers. It will also explore ways to use the unique security technology in its Envoii Healthcare subsidiary to further MOS's product offerings.
"We are very pleased to welcome Mr. Ken Barnes, MOS VP of Sales & Marketing / General Manager, to the VirtualHealth Management Team," commented Jim Renfro. "Ken's experience in the healthcare technology market is a valuable addition to our team." Since joining MOS, Ken has added EMR (electronic medical records) and pre-packaged pharmaceutical lines to MOS. Ken has extensive experience and expertise in the medical industry in both operations and sales. Prior to Medical Office Software, Ken was VP of Business Development for SSI where he created a new medical division. He was also National Sales Manager for EDSS, an EDI Claims Clearinghouse company, where he doubled the revenues and expanded the sales force from two states to ten states in two years. He was also Regional Director of NRC, a Medical Financial Software company, expanding offices to OH, KY, IN, IL and MI.
"I look forward to working with the VirtualHealth team to further expand MOS's reach into the healthcare sector," said Ken Barnes. "Together there are many new and expanded product and services offerings that we can market to the healthcare sector."
ABOUT VIRTUALHEALTH TECHNOLOGIES INC.
(www.virtualhealthtechnologies.com)
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NewMarket Technology, Inc. Announces Shareholder Town Hall Meeting for Independently Listed Chinese Subsidiary With $20 Million Annual Revenue Wednesday October 11, 10:26 am ET
Meeting to Present Business Plan and Pending Reorganization of Chinese Subsidiary Into Intercell International, Inc. to Shareholders
DALLAS, TX--(MARKET WIRE)--Oct 11, 2006 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today announced a shareholder town hall meeting specifically for its Chinese subsidiary. The meeting will be held November 16, 2006, in Denver, Colorado.
As previously announced, the shareholder town hall meeting for the parent Company, NewMarket Technology, is scheduled for December 7, 2006. The agenda and details for the NewMarket Technology town hall meeting will be announced next week, which will include discussions of the business plan for 2007 to build revenue to $120 million, as well as the recently announced letter of intent (LOI) with Action Products International, Inc. (NASDAQ:APII - News) that was announced yesterday. Reference press release: http://biz.yahoo.com/iw/061010/0170664.html
ADVERTISEMENT NewMarket China, Inc.
NewMarket has launched and grown a subsidiary operation in China over the last two years. The Chinese subsidiary is anticipated to produce over $20 million in annual revenue in fiscal year 2006. NewMarket recently announced a pending transaction that will result in the independent public listing of its Chinese subsidiary. The Chinese operation will remain a consolidated, majority owned subsidiary of NewMarket even though it will now have an independent public listing. The independent public listing is part of an overall plan to incubate new technology products and services and to eventually distribute stock in the independently listed new product and service companies to NewMarket shareholders.
Intercell International, Inc.
NewMarket has previously announced a two part transaction to acquire a majority interest in Intercell International, Inc. and reorganize the NewMarket Chinese subsidiary into Intercell. The agreements related to the pending transaction have been filed in SEC Form 8-K information statements. The completion of the transaction is expected shortly. Intercell is headquartered in Denver, Colorado and the shareholder town hall meeting has been scheduled to accommodate a concentration of existing Intercell shareholders in that region.
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NewMarket Technology, Inc. Releases Plan to Incubate Emerging Technologies by Growing $70 Million Operation into Conglomerate of Micro Cap Public Listings Business Wire - November 07, 2006 11:22 A Conglomerate Provides for Reduced Total Expenses, Optimized Market Conditions, Improved Transparency for Shareholders and Enhanced Shareholder Return through Dividends
DALLAS, Nov 07, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) releases plan to incubate emerging technologies by expanding its current business now producing $70 million in annualized revenue into a conglomerate of micro cap public listings. The business plan was outlined by Philip Verges, CEO and Chairman of NewMarket Technology, in an interview by Senior Analyst Todd Santorelli of the Wall Street Reporter. To access the free audio interview register online at www.******************.com, then log in and click on NewMarket Technology on the right side of the screen.
NewMarket Technology recently announced the independent public listing of their consolidated subsidiary, NewMarket China, which is forecasted to recognize approximately $20 million in revenue for fiscal year 2006. NewMarket's operation in China continues to be a consolidated subsidiary of NewMarket Technology, but now with an independent public listing (OTCBB:IICP). The subsidiary name will be changed to NewMarket China and the ticker symbol will be changed in the coming weeks.
This initial independent public listing of a consolidated subsidiary is an integral part of NewMarket's business plan to continuously publicly list subsidiary operations and build a conglomerate of micro cap public listings.
"After the end of the technology investment bubble, the incubator business model fell out of favor on Wall Street," said Philip Verges, CEO of NewMarket Technology. "The availability of venture capital for start-ups has also dramatically fallen off since the end of the investment bubble. We recognized a need to build a new approach to accessing capital for emerging technology opportunities. We have been constructing a new business model since 2002 to continuously introduce new technologies to new markets. The micro cap public markets are a good source of investment, but come with expenses outside the mere building of a business, in addition to requiring skills not usually in the expertise portfolio of your typical entrepreneur. NewMarket is building a portfolio of emerging technology companies with the intention of listing each company as it gains early operational traction. The conglomerate of publicly listed micro cap companies will be able to better navigate the markets and optimize shareholder return than each company on its own."
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.
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 of the 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.
NewMarket Technology, Inc. Town Hall in New Orleans
Shareholders and interested investors are encouraged to attend the NewMarket Annual Town Hall to learn more about the Company's business plan, review 2006 performance and plans to continue rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007.
The NewMarket Technology Annual Town Hall will be held in New Orleans on December 7, 2006, at 3:30 p.m. CST. The Town Hall meeting will be held at the centrally located Royal Sonesta Hotel (www.royalsonestano.com). American Airlines (NYSE:AMR) has offered discounted airfare on all flights to New Orleans from across the country between Dec. 5 - Dec. 10, 2006. To receive the discounted rate, attendees should go to www.aa.com or call American Airlines Group Services at 1-800-433-1790. When making your reservation, please use discount code "A64D6AO."
In addition to discounted rates with American Airlines, Avis Rental Car (NYSE:CAR) and the Royal Sonesta Hotel have also offered discounted rates. To book a car with Avis, please go to www.avis.com or call 1-800-331-1600. When making your reservation, please use Avis Worldwide Discount (AWD) number "J995226." To reserve a room at the Royal Sonesta Hotel, please mention "NewMarket" to receive the discounted rate of $149 per night. Reservations at the Royal Sonesta must be made by Nov. 6, 2006, to receive this special group rate.
If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks*newmarkettechnology.com.
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 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 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
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NewMarket Technology, Inc. Announces Preliminary Results for Third Quarter of Revenue Exceeding $18 Million and Net Income over $1 Million Business Wire - November 14, 2006 16:30 A Extension Filed Due to Corporate Initiatives with Spin-Off of NewMarket China and Currency Adjustments; Conference Call Scheduled
DALLAS, Nov 14, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced preliminary third quarter financial results of more than $18 million in revenue and net income over $1 million. The company has filed an extension to provide additional time for final accounting.
Philip Verges, CEO of NewMarket Technology, said, "We are very confident of our preliminary numbers and pleased that these numbers represent cumulative revenue for the first three quarters of 2006 exceeding the total revenue for all of 2005. We have just successfully completed our first public listing of a consolidated subsidiary operation. Our Chinese operation with over $20 million in annualized revenue has been reorganized into Intercell International, Inc. This is a major benchmark for NewMarket in the ongoing development of our plan to continually list consolidated subsidiary operations that establish operational traction that warrants an independent listing. The accounting work associated with the Chinese operation reorganization and listing has been more time consuming than originally anticipated." He continued, "We have also had additional increased transaction activity in the third quarter and early fourth quarter. Although we are well aware that it is preferable to file within the required time constraints, we have decided it would be prudent to take advantage of the filing extension option to more thoroughly review our financial report in light of the increased activity. We continue to be on track to meet our forecast of $70 million in profitable revenue for 2006. We look forward to releasing the full report of our third quarter performance in the coming days."
Philip Verges and Philip J. Rauch, CFO of NewMarket Technology, will conduct an audio webcast on Monday, November 20, 2006, at 4:30 p.m. EST to review the third quarter financial results. The call is being webcast by Vcall and can be accessed at NewMarket Technology's website at www.newmarkettechnology.com. Investors can also access the webcast at http://www.vcall.com/IC/CEPage.asp?ID=111561. The webcast will be archived and available on the NewMarket website for replay for three months.
Separately, shareholders and interested investors are encouraged to attend the NewMarket Technology Annual Town Hall December 7th in New Orleans to learn more about the Company's business plan, review 2006 performance and plans to continue rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007. For details on times, venue and discounted travel arrangements available to attendees please visit www.newmarkettechnology.com. If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks*newmarkettechnology.com.
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 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 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
Copyright Business Wire 2006
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NewMarket Technology, Inc. Schedules 3rd Qtr. Earnings Webcast and Releases Preliminary Results of Revenue over $18 Million and Net Income over $1 Million 09:52 a.m. 11/15/2006 Provided by
A Audio Webcast Scheduled for Monday, November 20, 2006, at 4:30 p.m. EST to Review Filed Third Quarter Financial Results DALLAS, Nov 15, 2006 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT) today announced that Philip Verges, CEO of NewMarket Technology, and Philip J. Rauch, CFO of NewMarket Technology, will conduct an audio webcast on Monday, November 20, 2006, at 4:30 p.m. EST to review the third quarter financial results. The call is being webcast by Vcall and can be accessed at NewMarket Technology's website at www.newmarkettechnology.com or Vcall's website at www.vcall.com/IC/CEPage.asp?ID=111561 . The webcast will be archived and available on the NewMarket website for replay for three months.
The Company has filed an extension to complete the third quarter filing, which included extraordinary developments such as the first listing of a consolidated subsidiary, NewMarket China, into Intercell International Corporation (IICP) .
"We look forward to reviewing the financials with our shareholders for the third quarter that will be filed prior to the audio webcast presentation," said Philip Verges, CEO of NewMarket Technology. "We are very pleased that our first consolidated subsidiary public listing has been so well received by the marketplace. NewMarket's equity valuation of our NewMarket China/Intercell stake is now significantly greater than what we currently show on our balance sheet."
Separately, shareholders and interested investors are encouraged to attend the NewMarket Technology Annual Town Hall December 7th in New Orleans to learn more about the Company's business plan, review 2006 performance and plans to continue rapid growth into next year with a forecasted $120 million in profitable annual revenue for 2007. For details on times, venue and discounted travel arrangements available to attendees please visit www.newmarkettechnology.com . If you have any further questions, or would like to RSVP to the NewMarket Technology Annual Town Hall please contact Whitney Marks at 214.722.3052 or wmarks*newmarkettechnology.com.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*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 (MSFT), Cisco Systems (CSCO) and Sun Microsystems (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 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.
"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.
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
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NewMarket Technology, Inc. to Present ``The High Tech Market and Investment Opportunities'' in Beijing, China, on January 29th
Business Wire - January 05, 2007 11:25 CEO Philip Verges to Present Strategy to Exceed 100% Revenue Growth Forecast of $40 Million in 2007 for NewMarket China
DALLAS, Jan 05, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) and NewMarket China, Inc. (OTCBB:IICP) will present the companies' unique perspective on the High Tech Market and Investment Opportunities for Emerging Technologies in Beijing, China, on January 29, 2007.
NewMarket Technology launched an innovative business plan in 2002 to continuously introduce new technologies to new markets and developing economies. Last year, NewMarket Technology completed the public listing of its consolidated Chinese subsidiary, NewMarket China, which 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 increasing revenue another 150% to $100 million in profitable revenue for fiscal year 2008. The NewMarket China ticker symbol will be changed in the near future and an announcement will be made as soon as the new ticker symbol and effective date has been assigned.
To attend the presentation in Beijing 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) (About NewMarket China)
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 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.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Copyright Business Wire 2007
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NewMarket Technology, Inc. CEO Philip Verges Interviewed on CEO Radio Network Highlighting Public Listing of Consolidated Subsidiaries and Dividends Business Wire - January 08, 2007 10:25 Company Completed Public Listing of $20 Million in Revenue Subsidiary Operation in China and Nearing Listing of Latin America and Wi-Fi Operations
DALLAS, Jan 08, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB: NMKT) CEO Philip Verges was featured on CEO Radio Network today in an interview that focused on NewMarket's rapid growth and robust news flow stemming from the company's increased momentum in advancing its business plan.
During the interview, Mr. Verges noted NewMarket's progress in not only building revenue, but also increasing the company's bottom line substantially. Mr. Verges stated, "In the last two quarters of 2006 our profits increased substantially. Subject to our audit, we do anticipate posting a record profit in 2006 and we will continue in the future to aggressively build a strong bottom line." NewMarket has been very proactive in seeking foreign investment to assist in building NewMarket's corporate marketing reach and depth. An example of these initiatives is represented in NewMarket's efforts in New Orleans. Mr. Verges said, "There are a number of programs to incentivize foreign investment. Accordingly, we have coordinated the Chinese government initiative to build software development sales in North America, with the investment opportunities in New Orleans."
NewMarket's increased activity in taking the necessary steps to publicly list subsidiaries was discussed. Mr. Verges explained, "While we have independently listed our 20 million dollar operation in China, it still consolidates into the parent company, NewMarket Technology, as will our additional public listings. The reason that we are independently listing operations is so that we can continue to gain access to the best source of capital for emerging technologies."
Access to the NewMarket Technology interview is available to registered users of www.ceoradionetwork.com. Click on "Company Webcasts" and register. Registration is free.
Record Financial Performance and Subsidiary Public Listings
NewMarket expects to meet 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.
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.
NewMarket has recently listed one consolidated subsidiary, NewMarket China, Inc. (OTCBB: IICP), 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) and an LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations.
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), 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.
About The CEO Radio Network (www.ceoradionetwork.com)
The CEO Radio Network is a premier, interactive research tool which provides our listeners the opportunity to hear the latest corporate and business news first hand, directly from the source - the decision makers of publicly-traded companies. The goal of the CEO Radio Network is to level the playing field for both the small-cap issuer and the small-cap investor at the same time. Our online services allow the small and micro-cap issuers access to high quality distribution, while investors are provided with an additional communication directly from the source. The CEO Radio Network provides links to supplementary corporate resources, including SEC filings. Our ASK THE CEO section allows registered users to submit questions which will be directed toward the management of our Featured Companies.
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.
"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
Copyright Business Wire 2007
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They sure have been pumping out the PR's lately.....
Business Wire - January 09, 2007 13:24 NewMarket and Diamond Reviewing Final Contracts with Plan to Close Transaction in Weeks
DALLAS, Jan 09, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) and Diamond I, Inc. (OTCBB:DMOI) today announced a $10 million revenue forecast for fiscal year 2007 for Diamond in conjunction with NewMarket's pending acquisition of a majority interest in Diamond.
NewMarket and Diamond 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. Earlier today, NewMarket 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 also 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. The financial results of Diamond's operations will be reported in Diamond's public financial reports, in addition to being consolidated into NewMarket's overall financial report.
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), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. (News - http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp)
About RedMoon, Inc. (www.redmoonbroadband.com)
RedMoon was founded in August 2000 and is a pioneer in the wireless mesh arena. Today, RedMoon is leading the mesh revolution with next-generation, network solutions for mobile broadband and wireless access in city deployments. RedMoon's networks are designed for Wi-Fi in the unlicensed 2.4 GHz spectrum, 4.9 GHz spectrum for public safety and integrates 5 GHz mesh for backhaul.
RedMoon networks are high-performance, scalable networks that can support the growing demand for high bandwidth applications such as business connectivity, video surveillance, emergency response communications and voice-over-IP (VoIP) services. The network design allows a city, campus or county to start small and grow over time.
RedMoon holds a DIR Commodity Purchasing Program Contract (No.DIR-SDD-475) offering discounted products and services to the State of Texas and is also certified by the State of Texas through the Certified Information Services Vendor (CISV) program.
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.
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.
"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. and Diamond I, Inc.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Another in the never-ending stream of NMKT PR's
NewMarket Technology, Inc. to Present at Wallst.net's Wealth Expo in Atlanta on March 17 Business Wire - January 10, 2007 10:08 Presentation to Investors to Highlight Progress in Subsidiary Listings and Planned Shareholder Dividends of Subsidiary Stock
DALLAS, Jan 10, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) CEO Philip Verges will present the company's business plan and progress in independently listing subsidiaries with focused market sectors and regions of operations. The company presentation is scheduled for 11:00 AM EST on Saturday, March 17. The Wealth Expo (www.thewealthexpo.com) will be held from March 16 - 18, 2007 at the Cobb Galleria Center (www.cobbgalleria.com) in Atlanta, Georgia. The Wealth Expo brings micro-cap companies and micro-cap investors together in a highly attended three day conference. Investors will hear from a number of renowned speakers in addition to presentations to potential investors by the CEO's of the exhibiting micro-cap companies.
NewMarket will report its fourth quarter and annual report for 2006 by March 30 and anticipates meeting its forecast of $70 million in revenue for 2006 with record profits, subject to review by an independent auditor. For the first nine months of 2006, NewMarket has reported $53.2 million in revenue, up 53% from $34.8 million reported in the first nine months of 2005. Net income showed a 57% increase before currency translation ($2.3m v. $1.6m) in the first nine months of 2006 over the first nine months in 2005. The Company has issued a revenue forecast of $120 million for 2007.
Separately, Mr. Verges was featured on CEO Radio Network earlier this week in an interview that focused on NewMarket's rapid growth and progress in publicly listing two additional consolidated subsidiaries to add to the NewMarket China subsidiary (OTCBB:IICP) now trading independently. NewMarket has signed an LOI agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF) and an entered into a LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations. Access to the NewMarket Technology interview is available to registered users of www.ceoradionetwork.com. Click on "Company Webcasts" and register. There is no cost to register.
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), 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.
About The CEO Radio Network (www.ceoradionetwork.com)
The CEO Radio Network is a premier, interactive research tool which provides our listeners the opportunity to hear the latest corporate and business news first hand, directly from the source - the decision makers of publicly traded companies. The goal of the CEO Radio Network is to level the playing field for both the small-cap issuer and the small-cap investor at the same time. Our online services allow the small and micro-cap issuers access to high quality distribution, while investors are provided with an additional communication directly from the source. The CEO Radio Network provides links to supplementary corporate resources, including SEC filings. Our ASK THE CEO section allows registered users to submit questions which will be directed toward the management of our Featured Companies.
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. Company currently trades under symbol "IICP" on the OTCBB.
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 mortgage 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
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
Copyright Business Wire 2007
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NewMarket Technology, Inc. Announces Times Square Presentation on Dividends from Independent Listings of Subsidiaries with $80 Million in Forecasted Revenue Business Wire - January 12, 2007 08:19 Presentations Also Scheduled in Boca Raton and Atlanta
DALLAS, Jan 12, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced times and dates for the upcoming presentation of its plans to independently list subsidiary operations and subsequently issue subsidiary stock to shareholders in dividend distributions. 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 City on Feb. 15.
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 has already publicly listed one subsidiary operation, with two more in process to be completed within the first quarter of 2007. 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.
NewMarket China, Inc. $40 Million in Forecasted 2007 Revenue
Earlier this year, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP). 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 and an announcement will be made as soon as the new ticker symbol and effective date has been designated.
NewMarket Latin America, Inc. $30 Million in Forecasted 2007 Revenue
NewMarket announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial Corp. (OTC:PGNF) 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 has forecasted $30 million in profitable revenue for 2007.
NewMarket Broadband, Inc. $10 Million in Forecasted 2007 Revenue
NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. NewMarket also recently announced a second LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. (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), 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 Presentations will be held at the following times and locations:
February 13, 2007 4:30 pm EST Boca Raton Marriott
February 14, 2007 4:30 pm EST Grand Hyatt Atlanta in Buckhead
February 15, 2007 4:30 pm EST Hilton Times Square
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Surprise! Another PR. This one's a bit more interesting than most. ------------------------------------------
NewMarket Technology, Inc. Signs $15 Million Service Contract to Support California Company Launching International Expansion Business Wire - January 16, 2007 08:50
DALLAS, Jan 16, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) announced today the signing of a $15 million service contract to support an emerging technology company preparing to launch its innovative service offering internationally. The client has requested that its identity disclosure be delayed until a later date. The client selected NewMarket for its international experience, and competency and experience with back office solutions necessary to support the client's ongoing and expanded operations. The $15 million service contract begins immediately and is for a three year term. Revenue will be recognized at approximately $5 million per year.
NewMarket Technology's core business strategy is to win traditional systems integration and service support contracts and subsequently introduce emerging technology products and services. About 50% of NewMarket's estimated $70 million in 2006 revenue came from the sale and support of incumbent brand name technologies from companies such as Oracle, Microsoft and Sun. The remaining half of NewMarket's revenue came from the sale of products and services from the Company's portfolio of emerging technologies.
Four years ago, NewMarket Technology started the innovative business plan to introduce new technologies in conjunction with the sales of traditional systems integration and technology services. The Company has grown from $2.3 million in revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the fifth fastest growing technology firm in North America after building to $50 million in audited profitable revenue in 2005.
More recently, NewMarket has begun to publicly list the company's subsidiary operations. NewMarket Technology will retain a majority interest in all subsidiaries to allow the financials to be consolidated into NewMarket's financials. NewMarket has publicly listed one subsidiary operation, NewMarket China, Inc. (OTCBB:IICP), with two more subsidiaries in the process of being listed within the first quarter of 2007. The cumulative 2007 forecasted revenue of the three subsidiary operations to be listed independently is $80 million. NewMarket will issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions after the subsidiaries have progressed in terms of additional revenue growth.
NewMarket China, Inc. Forecasted 2007 Revenue of $40 Million
Late in 2006, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP). 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 be changed in the near future to reflect the new corporate name.
NewMarket Latin America, Inc. Forecasted 2007 Revenue of $30 Million
NewMarket announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial Corp. (OTC:PGNF) 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 has forecasted $30 million in profitable revenue for 2007.
NewMarket Broadband, Inc. Forecasted 2007 Revenue of $10 Million
NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. NewMarket also recently announced a second LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. (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. In addition, the new subsidiary will advance Diamond I's proprietary encrypted hand-held gaming system targeted at the casino and gaming industry.
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), 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. (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), 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 www.newmarkettechnology.com
posted
What? Nobody's posted the NMKT Daily PR yet? ------------------- NewMarket Technology, Inc. First Independent Listing of a Consolidated Subsidiary, NewMarket China, Files 2006 Annual Report
Business Wire - January 17, 2007 10:33 NewMarket China/Intercell International Corp. Annual Report Opens New Chapter for Company with Innovative Technology Service in China and 2007 Revenue Forecast of $40 Million
DALLAS, Jan 17, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) announced today that the annual report for Intercell International Corp. (OTCBB:IICP) has been filed on SEC Form 10KSB. NewMarket recently acquired a controlling interest in Intercell as part of strategy to independently list subsidiary operations. After acquiring Intercell International, NewMarket reorganized its subsidiary operation in China into Intercell. The Intercell annual report filed yesterday reflects Intercell's results of operations through the fiscal year ended September 30, 2006. NewMarket's acquisition of Intercell and the reorganization of NewMarket's Chinese subsidiary into Intercell were finalized after the Intercell fiscal year end, therefore the Annual Report does not reflect the operational results of NewMarket China. Intercell's first quarter 2007 report will begin to reflect the operational results of NewMarket China.
NewMarket's Chinese Operation will report approximately $20 million in revenue in calendar year 2006. The company has forecasted a 100% increase in revenue for 2007 to $40 million. NewMarket's forecast of rapid growth in China is based on expanding partnerships and the organic growth of clients. NewMarket Technology management has set a corporate goal of achieving $100 million in profitable revenue in Fiscal Year 2008.
NewMarket Technology, Inc. and NewMarket China, Inc. will present the companies' unique perspective on the High Tech Market and Investment Opportunities for Emerging Technologies in Beijing, China, on January 29, 2007.
To attend the presentation in Beijing 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.
Independently Listed Subsidiaries to Enhance Overall Shareholder Value
An integral part of NewMarket's long-term business plan is to independently list subsidiaries, while the parent company retains and maintains a majority interest to allow for consolidation of subsidiary financials in to NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations to be able to invest in a focused investment. NewMarket will issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions after the subsidiaries have progressed in terms of additional revenue growth.
In addition to the recent public listing of the company's Chinese operation, NewMarket has begun the process to publicly list two more subsidiaries, specifically, NewMarket Broadband, Inc. and NewMarket Latin America, Inc. The cumulative 2007 forecasted revenue of the three subsidiary operations to be listed independently is $80 million.
NewMarket Broadband, Inc. $10 Million in Forecasted 2007 Revenue
NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. NewMarket also recently announced a second LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. (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), 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
NewMarket Latin America, Inc. $30 Million in Forecasted 2007 Revenue
NewMarket announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial Corp. (OTC:PGNF) 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 has forecasted $30 million in profitable revenue for 2007.
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 www.newmarkettechnology.com
Copyright Business Wire 2007
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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LOL, maybe it was no joke about the 16 PR's ------------------------
NewMarket Technology, Inc. Releases Update on $120 Million 2007 Revenue Forecast, $500 Million 2010 Revenue Goal and Dividend Distributions
Business Wire - January 18, 2007 10:58
CEO Details Company Plans for Continued Rapid Growth in Letter to Shareholders Finishing 2006 with Estimated $70 Million in Revenue and Record Profit
DALLAS, Jan 18, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today released a letter to shareholders from CEO Philip Verges providing details on the Company's plans to build revenue and profits in 2007 and to issue shareholder dividends. NewMarket estimates 2006 revenue at $70 million with record profits. The Company has forecasted $120 million in 2007 revenue through an organic increase in sales alone. Management may increase the 2007 revenue forecast given any acquisitions closed during the year. NewMarket's high growth plans are long-term, with an announced corporate goal of reaching $500 million in revenue by 2010.
The letter to shareholders is included in its entirety below.
Dear Fellow Shareholders:
NewMarket finished 2006 with a bang. We met our $70 million revenue forecast, though still subject to an audit review. Profits hit a record $2.7 million for the first three quarters of 2006 alone. By dedicating a few extra days of work over the holidays, NewMarket was able to increase fourth quarter profits to deliver record profits for 2006 overall. Again, all 2006 results are subject to audit review. We also listed our first subsidiary. With the independent listing of our Chinese operation the wheels have been set in motion to create shareholder dividend opportunities where NewMarket shareholders will receive stock in NewMarket's independently listed subsidiaries.
NewMarket has entered 2007 with momentum. The Company has already signed a $15 million 3 year contract. I am in New York this week working on the independent public listing of two more NewMarket subsidiaries. We expect to complete the transactions to list our Latin American operations and Wi-Fi operations within the first quarter of 2007. Next week I will be in Shanghai and Singapore with our independent auditor preparing for our March report of audited 2006 financials. We are also advancing efforts to independently list our operations in Singapore as NewMarket South East Asia. With Vietnam's recent acceptance into the World Trade Organization (WTO), the entire South East Asian region is an ideal opportunity for NewMarket. In Asia, Vietnam is second only to China in annual economic growth at 8.2 percent with $9.5 billion in foreign investment last year.
Utilizing Independently Listed Subsidiaries to Enhance Overall Shareholder Value
An integral part of NewMarket's long-term business plan is to independently list subsidiaries, while the parent company retains and maintains a majority interest to allow for consolidation of subsidiary financials into NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations to be able to invest in a focused investment, or "pure play." Initial terms of the majority interests involve 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.
NewMarket China, Inc.
In the fourth quarter of last year, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP). 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 Latin America, Inc.
NewMarket has announced a letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF) 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 and has a 2007 revenue forecast of $30 million and with profits.
NewMarket Broadband, Inc.
NewMarket and Diamond I, Inc. (OTCBB:DMOI) 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 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.
2007 NewMarket Shareholder Outlook
In the fourth 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 $0.38 PPS. The research report did not take into account the overall shareholder value benefit of NewMarket's dividend plan. We are working diligently to issue the first dividend. The details of the first dividend will be released when finalized. After the first dividend distribution we will ask Beacon to update their research report on NewMarket.
We are dedicated to communicating our progress toward building a globally recognized new business model for the continuous introduction of new technologies to new markets. In addition to our frequent press releases, we are making a concerted effort to personally present the company's progress in public venues. We welcome all shareholders and interested investors to attend these periodic company presentations. So, please keep a look out for a presentation in your area as future dates are announced.
Best Regards,
Philip Verges
CEO and Chairman
NewMarket Technology, Inc.
SOURCE: NewMarket Technology, Inc.
NewMarket Technology, Inc. Investor Relations, 404-261-1196 Email: ir*newmarkettechnology.com
Copyright Business Wire 2007
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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quote:Jo4321 posted January 11, 2007 10:35 Oh, I dunno. Maybe after the next 16 wordy PR's are issued.
Well, Here's the 5th PR since I joked about that. Pretty much a PR every trading day.
NewMarket Technology, Inc. Announces London and Las Vegas Presentations Highlighting 2007 Strategy for 70% Revenue Growth to $120 Million with Record Net Income Business Wire - January 19, 2007 09:02 Company to Present at Global Equities Conferences Scheduled February 25-27 in Las Vegas and March 7 in London
DALLAS, Jan 19, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) CEO, Philip Verges, will present the company's 2007 business plan to continue revenue and income momentum in 2007 at the Friedland Capital Global Equities Conferences in Las Vegas and London. The 2007 Global Equities Conference in Las Vegas will be held at the Rio Suite Hotel and Casino from February 25-27. In London, the Global Equities Conference will be held on March 7 at The Landmark London Hotel. Global Equities Conferences are special events, including formal presentations and panel discussions where members of the financial community, including portfolio managers, analysts, fund managers, brokers, investment bankers, and individual investors, meet with select senior management of publicly-held and privately-held companies.
NewMarket has forecasted organic revenue growth of $120 million in 2007 representing a 70% increase over 2006 projected revenue. The 2007 revenue forecast does not include any benefit from closing on any acquisitions during the year. Income reported for the first three quarters of 2006 is a record $2.7 million. The company will report its fourth quarter and annual report for 2006 in March. The company began 2007 with the signing of a 3 year contract worth a total of $15 million in revenue.
NewMarket's innovative business plan to continuously introduce new technologies to new and emerging markets has resulted in revenue increasing from $2.3 million in revenue in 2003, to being recognized by Deloitte and Touche USA LLP as the fifth fastest growing technology firm in North America, after reporting over $50 million in audited profitable revenue in 2005.
Public Listings of Subsidiaries to Facilitate Stock Dividends to Shareholders
An integral part of NewMarket's long-term business plan is to independently list subsidiaries, while the parent company retains and maintains a 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 to be able 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.
Completed and Pending Subsidiary Listings
NewMarket has quickened the pace of its subsidiary listing process in the past four months. 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.
In the fourth quarter of last year, NewMarket Technology completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP). 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.
The company has signed a letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF) 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 revenue in 2007 revenue has been forecasted to $30 million, including net income.
NewMarket and Diamond I, Inc. (OTCBB:DMOI) 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 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), 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
Separately, Beacon Equity Research issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78. The research report and a research update are available at www.beaconequityresearch.com
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
If you are interested in attending the conferences in Las Vegas or London, please go to www.friedlandevents.com to register.
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 www.newmarkettechnology.com
Copyright Business Wire 2007
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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This is ridiculous. I don't even read these anymore! But just for giggles, here's today's PR:
NewMarket Technology, Inc. Appoints Chief Technology Officer for NewMarket Latin America in Strategy to Expand Latin American Operations to $30 Million in 2007 Business Wire - January 22, 2007 09:14
DALLAS, Jan 22, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) 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.
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) 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). 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) 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), 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), 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 www.newmarkettechnology.com
Copyright Business Wire 2007
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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Here ya go! Don't miss it! A NMKT PR! -----------------
Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income Business Wire - January 23, 2007 08:53
PONTE VEDRA BEACH, Fla., Jan 23, 2007 (BUSINESS WIRE) -- Paragon Financial Corporation (OTC:PGNF) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT). 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.
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.
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.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
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I'm in this stock and am wondering if this is like a reverse merger? The PR is Confusing.
" 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. "
After Paragon buys the division from Newmarket, Newmarket then becomes a majority shareholder of Paragon???
LOL...So it is possible for a compnay to PR too much....
Guess they don't think so. Here's another one already. ---------------------------- NewMarket Technology, Inc. Attends U.S.-Mexico Chamber of Commerce International Mayors Conference for New Business Development for Mexico, United States and Asia Business Wire - January 23, 2007 09:34 Agenda Includes Jobs Creation Program Sanctioned by President of Mexico
DALLAS, Jan 23, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) has been invited to and is attending the U.S.-Mexico Chamber of Commerce International Mayors Conference for New Business Development for Mexico, the United States and Asia being held in Dallas, Texas, Jan. 22-23. The governors and mayors of Mexico have been directed by the President of Mexico to aggressively encourage business development and create jobs in their regions of authority. Several of the mayors of Mexico and other senior Mexican representatives from each state and a select number of cities in Mexico are presenting the business development opportunities between the U.S. and Mexico and Mexico and Asia. NewMarket is exploring these business opportunities in concert with the Company's rapidly growing operations in Latin America and Asia.
Public Listing of NewMarket Latin America Subsidiary
NewMarket Technology has signed a binding letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF). NewMarket will become the majority shareholder in Paragon Financial and the corporate name will change to NewMarket Latin America. NewMarket expects to book over $20 million in profitable revenue for 2006 from its Latin American operations and the Company is forecasting a 50% increase in revenue in 2007 to $30 million with net income.
NewMarket's Micro Cap Emerging Technology Strategy Focused on Developing Economies Worldwide and in the United States
NewMarket Technology has a history of rapid growth in the developing economies of Latin America and Asia. Since 2002, the company has built revenue from less than $1 million to a projected $70 million in profitable revenue for fiscal year 2006, with over $40 million of the total revenue being attributed to these overseas developing economies. This record growth has earned the Company increasing recognition for the past three years on the Deloitte Technology Fast 500 for North America, with a 5th place ranking in 2006.
NewMarket's strategy is to incubate emerging technologies and grow regional operations and distribute returns on these technologies and operations in the form of shareholder dividends. In preparation for the eventual distribution of subsidiary stock to NewMarket shareholders, management is aggressively independently publicly listing regional subsidiaries and emerging technology subsidiaries, while the parent company retains and maintains a majority interest. NewMarket will continue to consolidate the subsidiary financials into NewMarket's financials.
Additional NewMarket Subsidiary Listings
NewMarket completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP) in late 2006. 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 has also started to publicly list technology subsidiaries. NewMarket and Diamond I, Inc. (OTCBB:DMOI) 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 resources in capital and marketing, one potentially significant new business 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 and is being explored by numerous gaming companies. 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 into Wi-Fi, 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), 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.
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), 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 www.newmarkettechnology.com
Copyright Business Wire 2007
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I bet you were wondering if there was going to be a NMKT PR today? Never fear, I just forgot to look this morning:
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NewMarket Technology, Inc. and Paragon Financial Corporation Sign Binding Agreement for Public Listing of NewMarket Latin American Subsidiary with 2007 Revenue Forecast of $30 Million
Business Wire - January 24, 2007 08:58 Transaction to Result in Second NewMarket Technology Subsidiary to be Independently listed in Past Four Months
DALLAS, Jan 24, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) and Paragon Financial Corporation (OTC:PGNF) announced today that the companies have entered into a binding agreement to combine NewMarket's Latin American operations into Paragon Financial Corporation. Under the terms of the binding agreement, NewMarket would become the majority shareholder in Paragon Financial and the corporate name would change to NewMarket Latin America. NewMarket expects to book over $20 million in profitable revenue for 2006 from its Latin American operations. For 2007, the company has issued a revenue forecast of $30 million for Latin American operations with profitability. The transaction is expected to close prior to the end of the first quarter.
Upon closing, NewMarket's Latin American operation would be the company's second consolidated regional subsidiary to be independently listed. NewMarket's business plan for enhancing shareholder value includes the issuance of publicly listed subsidiary stock to shareholders in dividend declarations. In late 2006, NewMarket listed its Chinese operating subsidiary, NewMarket China (OTCBB:IICP), with a revenue forecast of $40 Million for FY2007. A dividend distribution date for NewMarket China stock to NewMarket shareholders will be announced at a later date.
A third subsidiary is in the process of being publicly listed. NewMarket and Diamond I, Inc. (OTCBB:DMOI) have signed a letter of intent agreement to consolidate Wi-Fi technology assets expected to generate revenues of $10 million in 2007. As with each subsidiary listed, NewMarket would be the majority shareholder and continue to consolidate the financials of the new subsidiary.
Terms of the Binding Agreement between NewMarket Technology and Paragon Financial
NewMarket will exchange one hundred percent of the stock of its largest Latin American operating subsidiary for convertible preferred stock issued by Paragon Financial. The convertible preferred stock issued to NewMarket will include supermajority voting rights with non-dilution provisions equal to 90 percent of the total Paragon common voting rights. The convertible preferred stock will not be convertible for a period of one year. The corporate name will be changed from Paragon Financial Corporation to NewMarket Latin America subsequent to closing. NewMarket will subsequently reorganize all its Latin American operations into NewMarket Latin America.
Paul Danner, Acting Chairman of Paragon Financial Corporation, said, "NewMarket Technology has developed an innovative plan to independently list regional operating subsidiaries to support aggressive emerging technology growth in a manner that maximizes shareholder return on investment. Moreover, while NewMarket receives a majority ownership position as a result of this transaction, Paragon shareholders have at least a year to benefit as corporate developments are announced before NewMarket can convert preferred stock into common stock."
Philip Verges, Chairman and CEO of NewMarket Technology, Inc., added, "We are pleased to have Paragon consider our Latin American operation as a merger partner. The current Paragon management team has a laudable history as custodians of their shareholders' best interests. Paul Danner and his team have challenged NewMarket's strategy and commitment through due diligence for their shareholders before entering into this agreement. We are privileged to have this opportunity with Paragon and we look forward to expanding NewMarket Latin America beyond our current operations in Chile, Brazil and Venezuela."
NewMarket Presentations in Boca Raton 2/13, Atlanta 2/14 and New York City 2/15
NewMarket Technology will present business plans for its three initial publicly listed subsidiaries in Boca Raton, Florida on Feb. 13, Atlanta, Georgia on Feb. 14, and in New York, New York on Feb 15.
Further information on time and location of the presentations is available on the company website at http://www.newmarkettechnology.com/news-and-events.htm#Events. If you are interested in attending the presentations, please RSVP to ir*newmarkettechnology.com or 214-722-3052.
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), 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.
About Paragon Financial Corporation
Paragon Financial Corporation had 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
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.
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