NewMarket Technology, Inc. Files 8k on Binding Agreement with Paragon Financial Corporation for Public Listing of NewMarket Latin American Subsidiary with 2007 Revenue Forecast of $30 Million
Business Wire - January 25, 2007 08:59
NewMarket to Present on Subsidiary Listings in Boca Raton Feb. 13, Atlanta Feb. 14 and New York Feb. 15
DALLAS, Jan 25, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) has filed an 8k on the binding agreement with Paragon Financial Corporation (OTC: PGNF) to combine NewMarket's Latin American operations into Paragon. Under the terms of the binding agreement, NewMarket would become the majority shareholder through a convertible preferred stock with a one year lock up period in Paragon Financial. Subsequent to closing, 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 and has issued a revenue forecast of $30 million for the Latin American operations with profitability for 2007. 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. The company listed NewMarket China (OTCBB:IICP) in late 2006. A revenue forecast of $40 million for 2007 has been released by NewMarket China.
A third subsidiary is also in the process of being publicly listed. NewMarket and Diamond I, Inc. (OTCBB:DMOI) have signed a letter of intent (LOI) agreement to consolidate the companies' Wi-Fi technologies. NewMarket also recently announced a second LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. RedMoon will be combined into Diamond in conjunction with NewMarket's acquisition of a majority interest in Diamond.
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 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.
As with each subsidiary listed, NewMarket would be the majority shareholder and continue to consolidate the financials of the new subsidiary. 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.
Upcoming NewMarket Presentations on Independently Listed Subsidiaries
NewMarket Technology will present business plans for its three initial publicly listed subsidiaries. Anyone 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.
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
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I'm no longer reading these, but just posting them for the comedy value:
NewMarket Technology, Inc. and NewMarket China, Inc. Announce Dr. Jiang Hongwei (James) as President of Chinese Operation with $40 Million in Forecasted 2007 Revenue
Business Wire - January 26, 2007 09:19 Dr. Jiang to Present at London Global Equities Conference March 7
DALLAS, Jan 26, 2007 (BUSINESS WIRE) -- NewMarket China, Inc. (OTCBB:IICP) CEO and President John Verges today announced Dr. James Jiang as the President of the Chinese operation headquartered in Shanghai, China. In the fourth quarter of 2006, NewMarket Technology, Inc. (OTCBB:NMKT) independently listed its Chinese operations through the acquisition of Intercell International, Inc. and a subsequent reorganization. NewMarket China is now a publicly listed subsidiary of NewMarket Technology and provides systems integration and emerging technology products and services to the Chinese market and between China and the rest of the world.
Dr. Jiang has been advising NewMarket for more than two years and has been instrumental in NewMarket's progress in China. Dr. Jiang has successfully lead NewMarket in building revenue to approximately $20 million in 2006 from domestic sales in China with a forecast representing 100% growth to $40 million in 2007 revenue.
Dr. Jiang has over 18 years of information technology, wireless and senior management experience, including CEO level positions. His management resume includes posts with various multinational firms including British Telecom Laboratory, GaozhiSoft, Singapore Technologies and Telular Corp. Dr. Jiang has extensive knowledge of GSM/GPRS systems and architecture, 3G wireless communications and Internet technologies. In 1996, he developed and launched AirTrak, China's first e-commerce service to deliver commerce information from the Internet via a wireless network, and was chief architect of a dynamic web content cache engine and mobile application platform. He holds two patents in Viterbi Decoding and Dynamic Contents Extraction, and is a World Bank Scholar.
As President and Chief Executive Officer of GaozhiSoft, Inc., a leading OSS/BSS software company, Dr. Jiang grew the company by developing proprietary software unique to the Chinese market for servicing China Mobile (NYSE:CHL) and China Unicom (NYSE:CHU). Dr. Jiang was also the Technical Director for a world leading fixed wireless product company, Telular Corp. Inc. (Nasdaq:WRLS), in the United States as well as managing all the technical activities throughout Asia Pacific. From 1992 to 1998, Dr. Jiang was Research and Development Director for Singapore based company, PCI Ltd. (Singapore Stock Exchange: 101345).
Dr. Jiang was awarded his Ph.D. in Digital Mobile Communications from the University of Birmingham in England and his M.S. in Digital Systems from the Cranfield Institute of Technology in England. He earned his B.S. in Electronics from Jiaotong University and was a lecturer at the Shanghai Science & Technology University.
London Global Equities Conference March 7
Dr. Jiang will join NewMarket Technology CEO Philip Verges at the Global Equities Conference in London on March 7 at The Landmark London Hotel. The Global Equities Conference will include 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.
About NewMarket China, Inc. (www.newmarketchina.com)
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), 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. and NewMarket China, 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
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This is a real company that is trying to get their stock to reflect their true value. If it means tons of PRs then so be it. Great article about them in Inc. Magazine a few months back. Their President is as sick of all of this manipulation as the rest of us.
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I don't mean to be negative, just trying to add a bit of help.
Why post pages and pages of a PR for others to wade through?
If we can read what you're posting, then we are connected on the net and a simple posting of the link makes the PR available to anyone that wants to click on the link and read it.
Like Jo said, "....sometimes less is more."
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http://biz.yahoo.com/bw/070129/20070129005769.html?.v=1 NewMarket Technology, Inc. in Beijing Presentation Announces Partnership to Build $20 Million Chinese Consumer Market Commerce Center in New Orleans Louisiana Monday January 29, 9:15 am ET
-------------------- "Great Day for Up!"....Dr. Seuss
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NewMarket Technology, Inc. to Publicly List VoIP Subsidiary with Estimated $10 Million in Annual Revenue and Issue Dividend to NewMarket Shareholders Concurrent with Listing Tuesday January 30, 9:13 am ET NewMarket to Dividend 10% of VoIP Subsidiary and Report Record Profit on $70 Million in 2006 Revenue After Receiving $0.78 PPS Recommendation vs. Current $0.36 PPS
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced immediate plans to publicly list its VoIP subsidiary, IP Global Voice, Inc., which the company acquired in 2003. IP Global Voice is led by CEO Peter Geddis. Mr. Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q - News), has more than 25 years experience in the telecommunications industry in senior positions at Sprint Nextel Corp. (NYSE:S - News), British Telecom (BTQ.FSE), and Pacific Bell, now part of AT&T, Inc. (NYSE:T - News). IP Global Voice has grown from concept in 2003 to an estimated $10 million in current annual revenue breaking through to initial profitability. IP Global Voice does business today as Xiptel Communications. The independent public listing of emerging market technology subsidiaries is a key aspect of NewMarket's now more than four-year-old strategy to construct a next generation technology incubator. By independently listing emerging market technology subsidiaries, NewMarket achieves two substantial benchmarks. First, the independent listing creates a dedicated public capital structure to support next round financing necessary to continue growing the subsidiary and developing its emerging technologies. Second, the independent listing creates an interim return on investment opportunity for NewMarket shareholders through the dividend distribution of subsidiary stock. "Interim" because NewMarket shareholders can sell distributed stock in the subsidiary company but still enjoy the future benefit from the subsidiary's continued growth through NewMarket's ongoing controlling interest in the newly listed subsidiary.
NewMarket independently listed its first emerging market technology subsidiary in the forth quarter of 2006, NewMarket China (OTCBB:IICP - News). NewMarket's Chinese subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue in 2007 to $40 million.
NewMarket has also recently announced two transactions underway which will result in the independent listing of two additional emerging market technology subsidiaries. NewMarket has signed a binding letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon Financial. The corporate name will change to NewMarket Latin America. NewMarket's Latin America operations in Brazil, Chile and Venezuela currently have over $20 million in profitable annual revenue. A 50% increase in 2007 revenue has been forecasted to $30 million, including net income.
NewMarket and Diamond I, Inc. (OTCBB:DMOI - News) have entered into a LOI 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.
NewMarket has also announced plans to create a publicly listed intellectual property subsidiary in which the company will consolidate existing and yet-to-be acquired intellectual property still under development.
The IP Global Voice independent listing will differ from the three previous listing initiatives currently underway. NewMarket has engaged securities counsel to file with the SEC to directly list IP Global Voice publicly, rather than conducting a reverse merger transaction. The dividend distribution of 10% of IP Global Voice stock to NewMarket shareholders will be conducted concurrently with the listing of IP Global Voice.
NewMarket Technology finished last year meeting its forecast of $70 million in revenue for 2006 with record profits, subject to review by an independent auditor. The company has forecasted $120 million in profitable revenue for 2007.
Separately, Beacon Equity Research in the fourth quarter issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78 PPS compared to the current $0.36 PPS. The research report is accessible at www.beaconequityresearch.com.
To be added to the NMKT e-mail list for updates and press releases, please send an e-mail to ir*newmarktettechnology.com.
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Separately, Beacon Equity Research in the fourth quarter issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78 PPS compared to the current $0.36 PPS. The research report is accessible at www.beaconequityresearch.com.
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Here's more on that. Let's see that .78 pps!!
NewMarket Technology, Inc. Announces Beacon Equity Research to Update Outperform Rating and Recommended $0.78 PPS vs. Current $0.36 PPS after Company Reports Record 2006 Profits
Business Wire - February 01, 2007 09:44 Company Expects to Report Record Profits on $70 Million in 2006 Revenue with $120 Million 2007 Revenue
DALLAS, Feb 01, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (OTCBB:NMKT) today announced that Beacon Equity Research will revisit and update its recent analyst review of the company. On November 28, 2006 Beacon Equity Research rated NewMarket as outperform with a recommended share price of $0.78. Beacon's review of the company was prior to NewMarket reporting its 3rd quarter 2006 financials. NewMarket posted its best quarter for the year in 3rd quarter and expects to confirm even better performance in the fourth quarter once the 2006 audit is completed. The audit review is on track with the audit team just returning last week from reviewing reported 2006 performance in China and Singapore.
Record Financial Performance in 2006
NewMarket reported record quarterly revenue for its 3rd fiscal quarter of $18.9 million with a net for the period that doubled the year-to-date (YTD) net income to $2.7 million. The Company reported revenue of $53.1 million through the first three quarters of 2006 and expects to meet its revenue forecast of $70 million for year end with record profits. This forecast was revised upward from an original forecast of $57 million in revenue. Management has released a 2007 forecast of $120 million in revenue with the increase projected to result from organic sales. Any acquisitions would add to this current forecast.
Beacon Equity Research Values NewMarket at $0.78 PPS
Beacon Equity Research released an independent analyst report rating NewMarket as an "Outperform." Beacon calculated a conservative fair market value of $0.78 per share for NewMarket common stock compared to NewMarket's then current $0.29 PPS. Beacon derived the fair market value utilizing both a discounted cash flow analysis, as well as discounted peer comparison.
5th Fastest Growing Tech Company in North America on Deloitte Fast 500
NewMarket ranked Number 5 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
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
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It just wouldn't be a normal trading day without a PR from NMKT:
http://biz.yahoo.com/bw/070206/20070206005789.html?.v=1 NewMarket Technology, Inc., with the United States Agency for International Development (USAID), and the Academy of Educational Development to Select Up to 10 Small U.S. Technology Firms for Latin American Trade Mission....
-------------------- "Great Day for Up!"....Dr. Seuss
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Press Release Source: NewMarket Technology, Inc.
NewMarket Technology, Inc. to Announce Second Independent Public Listing of a Subsidiary Operation at Presentation in Boca Raton, Florida, Tomorrow Monday February 12, 3:47 pm ET
Company Continues to Independently List Subsidiaries after Closing 2006 with Estimated $70 Million in Revenue, Record Profit and $120 Million 2007 Revenue Forecast
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Sure would like to see that .78 per share they keep mentioning.....
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NewMarket Technology, Inc., a Top 5 in Deloitte Fast 500, to Present 70% Profitable Revenue Growth 2007 Forecast to $120 Million at Las Vegas Global Equities Conference
Last update: 2/22/2007 9:46:20 AM
Presentation to Highlight Strategy of Independently Listing Subsidiaries and Issuing Stock Dividends Featuring Recent Listings of NewMarket China and NewMarket Latin America
DALLAS,Feb 22, 2007 (BUSINESS WIRE) -- NewMarket Technology, Inc. (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 Conference in Las Vegas February 25-27. Mr. Verges will be presenting at 11:40 AM on Monday, February 26, 2007.
NewMarket Award-Winning Strategy to Develop Emerging Technology NewMarket Technology ranked fifth on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. This is the third consecutive year that NewMarket has been ranked on Deloitte's Technology Fast 500. NewMarket Technology continues to maintain a rapid growth rate expecting to report $70 million in revenue in 2006 and $120 million forecasted in 2007.
Recent Analyst Recommendation of $0.78 PPS vs. Current $0.36 PPS Average 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 . Strategy to Independently List Subsidiaries and Issue Stock Dividends The independent listing of NewMarket subsidiaries is core to the Company's overall growth strategy and central to NewMarket's focus on building shareholder value. NewMarket listed subsidiaries can utilize their own public stock to acquire and fund further emerging technology growth. Concurrently, NewMarket financial performance benefits from the rapid growth of consolidated self funding subsidiaries. NewMarket shareholders can directly monetize the investment that NewMarket has made in its subsidiaries assets when NewMarket distributes stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions. NewMarket China and NewMarket Latin America NewMarket announced this week the completion of a transaction with Paragon Financial Corp. (PGNF) to effectively list NewMarket's Latin America operation, which is expected to report over $20 million in 2006 profitable revenue. This transaction is the second transaction in recent months to list one of NewMarket's subsidiary operations. In the fourth quarter of last year, NewMarket completed the independent listing of its operations in China. The operations name has recently been changed to NewMarket China (NMCH). The operations consolidated into NewMarket China are anticipated to report 2006 revenue substantially exceeding $20 million in 2006 revenue with a 2007 forecast for $40 million in revenue. Las Vegas Global Equities Conference February 25-27 The 2007 Global Equities Conference in Las Vegas will be held at the Rio Suite Hotel and Casino from February 25-27. 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. If you are interested in attending the conference in Las Vegas, please go to 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.
-------------------- "Great Day for Up!"....Dr. Seuss
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Woo hoo! We've got ourselves an $8.00 stock!
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BreakAway Investor Issues ''Buy'' Recommendation on NewMarket Technology, Inc. Due to Rapid Revenue and Profitability Growth
Tuesday March 6, 9:15 am ET Investment Report Says ''Early Investors Could Reap 262% Returns''
Initial Target Price of Over $1.00 Share Expected in Near Future
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today that The BreakAway Investor of the Taipan Financial Network (http://www.taipanfinancialnews.com) has issued a "Buy" recommendation on NewMarket Technology, Inc. Noting NewMarket's rapid growth in revenue and profitability, Andrew Mickey, the editor-in-chief of the BreakAway Investor financial advisory newsletter says that "early investors could reap 262% returns." ADVERTISEMENT
Mr. Mickey continued in his research report that NewMarket Technology anticipates "growth in 2007 with revenues of $120 million and it expects to reach $500 million in revenues by 2010. I realize these are some pretty big goals, but NewMarket has an excellent track record." He continued, "Right now, the company's stock price doesn't reflect the potential of this achievement. If the company is able to reach its $500 million goal, you're going to be holding an $8 stock. As discriminating investors, we need to look at the worst-case scenario. After all, what if NewMarket completely stumbles and only books $250 million in revenues in 2010? Well, we're looking at a stock in the $2 to $3 range. So even when looking at the worst-case scenario, the stock still has the realistic potential to generate 52% annualized returns."
In closing, the uncompensated independent research report recommends "Buy shares of NewMarket under 45 cents per share. It has become a key partner to customers throughout high growth regions including Latin America and China. Shares won't be hanging below a dollar for too much longer."
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