Management Unveils Plan to Achieve $100 Million in Profitable Annualized Revenue by Summer 2005; CEO Outlines Plan in Open Letter to Shareholders
NewMarket Technology, Inc. (OTCBB:NMKT) today announced plans to achieve $100 million in annualized sales by mid 2005. In an open letter to shareholders, the CEO, Philip Verges introduces the Company's innovative high-tech business model designed specifically to thrive in the Micro-Cap Market. Mr. Verges goes on to outline management's plan to reach a profitable $100 million in annualized revenue from the current $40 million in annualized revenue. The letter is included in its entirety within this press release.
Dear Fellow Shareholders:
With the acquisition of LOGICORP announced on August 3rd, NewMarket Technology is well within reach of achieving its $50 million revenue run rate and $20 million booked revenue objectives by year end 2004. With five full months left in the year and over $10 million in our sales pipeline today, we are confident we will meet, if not exceed our 2004 revenue projections. We have made strategic investments to expand our operations from the $2.3 million in revenue reported in 2003 to the current $40 million in annualized revenue. These investments are reflected as losses in our quarterly financial reports. We have published our intention to demonstrate the return on these investments by reestablishing operational profitability by year end. We are running ahead of our forecasted operational profit improvements and are confident NewMarket will have no issue in achieving its reestablished profitability goal on time.
How it all fits together -- An Innovative Business Model and Micro-Cap Strategy
In the technology investment void left by the collapse of the Dot Com IPO market, NewMarket has worked diligently to build a new technology investment paradigm in the Micro-Cap market. While the tenets of the Dot Com IPO market were the life-time-value-of-a-customer, rapid and broad first-to-market penetration and a corresponding $100 million dollar plus Initial Public Offering, the tenets of our Micro-Cap strategy are test market roll-outs of new technology, support service economies of scale and much smaller periodic public investments to support just-in-time capital requirements. Technology investors enjoyed the substantial pre-IPO private investment opportunity leading to double and triple digit returns. The size of the Micro-Cap investment is far less substantial then the pre-IPO investment opportunity, but the rate of return potential is the same. Accordingly, for a business model to be attractive to a technology investor in a Micro-Cap market, the model will have to make up for the reduced investment size by presenting multiple smaller investment opportunities. The NewMarket business model is still progressing, but this is exactly where we are going -- a single business model with multiple equity investment opportunities bearing high rate of return potential. The first four key aspects of our business model outline how NewMarket can create multiple small, high rate of return equity investment opportunities:
1. Identify and acquire early stage technology companies (We look specifically for IP communication proprietary technology properties).
2. Incrementally invest to refine the acquired proprietary technology for a specific market sector (Today we concentrate on the Telecommunications, Healthcare and Homeland Security market sectors).
3. Concentrate initial sales efforts on focused test market opportunities and then expand test to validate market viability and profitability.
4. Once validated, spin out the proprietary technology into a next stage, standalone public company that creates a new high rate of return equity investment opportunity and correspondingly supports an expanded business plan for the specific proprietary technology.
NewMarket Technology has recently initiated our first spin-out. We have built a robust Voice over Internet Protocol (VoIP) capability and established a test market proving the viability of the offering. We are now executing on a plan to create what will essentially be an equity dividend for NewMarket shareholders as they will receive stock in a new public company. At the same time, we create a new high potential rate of return equity investment opportunity for the technology investment community at large. We are accelerating our ability to provide technology investors with a high potential rate of return equity investment opportunity through our affiliate marketing partners program. In addition to our acquired proprietary technologies, we are partnering with other proprietary IP communication technology companies that have products we believe we can re-sell through our Telecommunication, Healthcare and Homeland Security market sector concentrations. NewMarket has established an affiliate equity position (20% ownership or greater) with three such marketing partners today and will shortly have a fourth in the affiliate marketing partners program. NewMarket re-sells the affiliate partners' technologies, as well as the services, to integrate and support their offerings. The partnership agreement also empowers NewMarket to manage the public listing of the affiliate partner. The affiliate partner program in turn creates a second avenue for equity dividend opportunities for NewMarket shareholders and multiple high potential rate of return equity investment opportunities for the technology investment community at large. Smaller equity investments, but more of them -- this is what we believe will be the mantra of the next high tech investment wave. We believe the Micro-Cap market will be the venue for the next high tech investment wave and we intend to be a trendsetter.
Economies of Scale and Out of Favor Systems Integrator Acquisitions
All technology products, new or old, require support services. Customers need training on a new technology, they need the technology integrated into their work environment, they need someone to call when they have an issue with the technology and they want the technology to be updated to include new features and to be compatible with the new phones, computers or handhelds they plan to buy during the next 24 months. In order to optimize our ability to efficiently utilize investment dollars to refine and make market proving sales of early technologies, we are including an economy of scale aspect in our business model by building a single support services organization to support all three of our market sector concentrations, all of our in-house proprietary technology offerings and the products of our affiliate marketing partners. In addition to the support service economies of scale we also gain an often-overlooked but essential talent in the sale of new technologies. While new technologies have been trialed in a test environment, they inherently have not been tested in a live business environment. The conditions of a live business environment are difficult, if not impossible to duplicate in a test environment. Accordingly, the technology support services that support new technologies are critical and very different from those general support services contracted to support incumbent technologies. We are building a very specialized technology support services organization specifically geared to the unique requirements of emerging technology rollouts. To accelerate the development of our technology support service capacity, we have set out to consolidate the assets of several acquired systems integration companies. We have concentrated our acquisition efforts on systems integration companies that might be considered out of favor. NewMarket management has an extensive systems integration background with my own experience at Electronic Data Systems (NYSE:EDS) as just one example of that overall background. Instead of paying a premium to acquire systems integration companies, we have concentrated on better priced, out of favor companies where we believe we can bring NewMarket's systems integration background to bear in combining the best aspects of several firms. In addition to building a best of breed emerging technology support services organization through the consolidation of otherwise out of favor systems integration companies, we have also established strategic geographic footholds through our acquisitions. New technologies generally replace old technologies. Old technologies are more often then not sold by large brand name Goliaths. Where possible, we would rather avoid the conflict with a Goliath than take a David strategy of replacing an incumbent technology solution with our new emerging technology solution. Outside of North America exist several high-growth developing economies not saturated by brand name Goliaths. Specifically, we have targeted the Asia Pacific region and Latin America. Accordingly we have acquired systems integration companies in Singapore and Venezuela. Above, I listed the first four key aspects of our business model that pertained to our Micro-Cap market strategy, below are the fifth and sixth aspects of our business model that pertain to our technology support service strategy:
5. Maintain the support service economies of scale by retaining support service contract functions at NewMarket Technology.
6. Build service and sales capacity in developing economies oversees to take advantage of reduced labor expense and to sell into fast growing economic regions with less brand name competition than in North America.
Trendsetters and Market Leaders
NewMarket has set out to establish a standard for the next generation of technology innovation. We have chosen to be trendsetters. We know this is not an easy path. The financial market that technology innovation depends on is resistant to change. Investment professionals typically look for historical trends and have difficulty assessing emerging trends. The naysayers are often times far more vocal than the watch-and-see optimists. Such criticism tests both the resolve of management and shareholders alike. As a Micro-Cap company, we have started on the OTCBB. In addition to enduring the unique challenges of a trendsetter, we also endure those challenges common to the OTCBB. While the OTCBB is an ideal exchange for a Micro-Cap strategy, trading activity increases are regularly rewarded with hedging abuse. The plan for NewMarket is long-term. For the last two years, we have concentrated on building the NewMarket platform. The investment return opportunities have not yet begun in earnest. The NewMarket business foundation is well underway. As we have now put the 2004 financial objectives well within our reach, we are looking ahead to 2005. We expect to at least have achieved a profitable $50 million revenue run rate by year end 2004. With our foreign sales and service centers established and our organic sales pipeline beginning to grow in response to our organizational ability to support larger contracts, we are setting our sights on a profitable $100 million revenue run rate by the end of next summer. Management optimism and resolve are resilient as it is clear to us that we are succeeding in the execution of our plan and building shareholder value. We are more confident then ever in the plan. We are committed to establishing a new standard for the next generation of technology innovation. Again, we know the path is not easy, but management and shareholders alike will benefit as we continue to build this Company's revenue and profits. We enthusiastically welcome your interest and support in the NewMarket vision.
Best Regards,
Philip Verges CEO and Chairman NewMarket Technology, Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market. This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: INTERNATIONAL LATIN AMERICA INTERNATIONAL ASIA PACIFIC TEXAS INDUSTRY KEYWORD: MEDICAL SOFTWARE HARDWARE GOVERNMENT AEROSPACE/DEFENSE SOFTWARE HARDWARE MARKETING AGREEMENTS SOURCE: NewMarket Technology, Inc.
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> CALGARY, Alberta, Aug. 4, 2004 (PRIMEZONE) -- Chell Group Corporation (Pink Sheets:CHEL), a technology holding company, and NewMarket Technology, Inc. (OTCBB:NMKT) announced today that NewMarket has acquired 51% of LOGICORP, a Chell Group subsidiary, in a Stock Acquisition.
The sale of LOGICORP Data Systems Ltd. includes the sale of LOGICORP Services Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same management to provide clients comprehensive information technology integration and support services. NewMarket acquired 51% of the issued and outstanding stock of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in cash and $1 million will be paid according to the terms of a $1 million, 24-month promissory note.
An updated LOI was executed on June 30 following a mutual due diligence engagement. In light of the prevailing financial markets and in a mutual commitment to a common business vision, NewMarket and the LOGICORP shareholders agreed to a further modification of the acquisition terms previously updated on June 30. In the acquisition announced today, NewMarket has exchanged only cash and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has not issued any NewMarket stock in this transaction. Chell Group shareholders have the opportunity to receive NewMarket stock based on the operating performance of LOGICORP over the next twelve months provided LOGICORP achieves a minimum of $18 million in sales with operating profit of break even or better in the twelve months following this initial stock acquisition.
About Chell Group Corporation
Chell Group Corporation (www.chell.com) is a technology holding company. Chell Group's holdings include Logicorp, http://www.logicorp.ca, and eTelligent Solutions Inc., http://www.esicanada.com.
Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Certain statements, which describe Chell Group Corporation's intentions, expectations or predictions, are forward-looking and are subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the acceptance of Internet based application service providers in the consumer market, the impact of rapid technological and market change, general industry and market conditions and growth rates.
CONTACT: Chell Group Dave Bolink, CEO (403) 303-2858
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Acquisition and Over $10 Million in Sales Pipeline for Q3 and Q4 Solidifies Confidence in Meeting 2004 Annualized Revenue Run Rate of $50 Million
NewMarket Technology, Inc. (OTCBB:NMKT) and LOGICORP Data Systems Ltd. announced today that NewMarket has acquired 51% of LOGICORP in a Stock Acquisition. The acquisition of LOGICORP Data Systems Ltd. includes the acquisition of LOGICORP Services Ltd. LOGICORP Data and LOGICORP Services operate cooperatively under the same management to provide clients comprehensive information technology integration and support services. NewMarket acquired 51% of the issued and outstanding stock of LOGICORP in exchange for $2.1 million. NewMarket will pay $1.1 million in cash and $1 million will be paid according to the terms of a $1 million, 24-month promissory note. The entire $2.1 million payment will be directed by the sellers to LOGICORP as new working capital for the Corporation. NewMarket and LOGICORP have been in discussions since early this year. The two organizations entered into an initial Letter of Intent (LOI) agreement in May. An updated LOI was executed on June 30 following a mutual due diligence engagement. In light of the prevailing financial markets and in a mutual commitment to a common business vision, NewMarket and the LOGICORP shareholders agreed to a further modification of the acquisition terms previously updated on June 30. In the acquisition announced today, NewMarket has exchanged only cash and debt for 51% of the issued and outstanding stock of LOGICORP. NewMarket has not issued any NewMarket stock in this transaction. LOGICORP management and shareholders have the opportunity to receive NewMarket stock based on the operating performance of LOGICORP over the next twelve months. Provided LOGICORP achieves a minimum of $18 million in sales with operating profit of break even or better in the twelve months following this initial stock acquisition, the LOGICORP shareholders will be eligible to receive $1.9 million in NewMarket stock in exchange for the remaining 49% of the issued and outstanding LOGICORP stock.
About LOGICORP (www.logicorp.ca/)
LOGICORP is an IT service provider with offices in Calgary, Edmonton, Toronto, and Vancouver. Established in 1988, LOGICORP serves small, medium, and large organizations in the corporate, government, and educational sectors with a competitive and innovative IT business solution. LOGICORP excels in Server Based Computing, Storage, Enterprise and Operating Software, Internetworking Technology, and Microsoft Business Solutions (Great Plains and CRM). LOGICORP also offers full service planning, procurement, configuration, licensing, and maintenance programs.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: TEXAS INDUSTRY KEYWORD: GOVERNMENT TELECOMMUNICATIONS NETWORKING EDUCATION MERGERS/ACQ SOURCE: NewMarket Technology, Inc.
NewMarket Strategic Sourcing Services Wins Over $2 Million in New Sales Contracts in Last 30 Days; $5 Million Additional Sales in Q3 2004 Pipeline
NewMarket Technology Inc. (OTCBB:NMKT) today announced a contract with Motorola (NYSE:MOT) to provide a wireless test environment in support of a foreign mobile phone manufacturing facility. The contract is for $310,000 and is a renewal of an existing contract that could include an additional one year renewal at the end of the current one year agreement. NewMarket continues to expand their organic Strategic Sourcing sales with the signing of over $2 million in new contracts over the last 30 days. NewMarket currently has more than $5 million in prospective sales in the pipeline for 3rd quarter 2004. Organic sales for the first quarter 2004 increased 25% over the previous quarter. The Company anticipates organic sales signed at the end of Q2 will improve second quarter financial results compared to Q1. The Company plans to release Q2 financials ahead of schedule. "NewMarket has recently announced a new corporate name with the unveiling of our full business model," said Philip Verges, CEO of NewMarket. "The Company has previously articulated our plans and progress in marketing our core emerging Internet Protocol (IP) communication technology and expertise through our three separate industry specific subsidiaries. With established businesses in Telecommunications, Healthcare and Homeland Security, we are now expanding our sales by marketing our IP communication support capabilities to independent client technology companies. Today's emerging technologies are tomorrow's legacy technologies. NewMarket will optimize revenue and profit opportunities by not only providing support services for new technologies, but also by supporting those technologies throughout their entire lifecycle. This recurring revenue aspect of our business model will help us build our revenue base as we develop momentum in organic sales and profitability." A power point presentation detailing NewMarket's micro-cap emerging technology business model is available from the Company by contacting Rick Lutz of LC Group at lcgroup@mindspring.com
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket (formerly IPVoice Communications Inc.) launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market. This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: TEXAS INDUSTRY KEYWORD: MANUFACTURING TELECOMMUNICATIONS NETWORKING E-COMMERCE INTERNET MARKETING AGREEMENTS SOURCE: NewMarket Technology Inc.
CONTACT INFORMATION: NewMarket Technology, Inc., Dallas Investor Relations, 972-386-3372 ext. 211 ir@ipvoice.com www.newmarkettechnology.comwww.ipvoice.com or LC Group Rick Lutz, 404-261-1196 lcgroup@mindspring.com
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NewMarket Technology, Inc. (OTCBB:NMKT) today announced signing another Strategic Sourcing Contract to provide $500,000 in integration services to an emerging technology corporate customer. With the existing sales pipeline, the Company anticipates signing over $5 million in new sales in the Third Quarter of this year with much of the revenue to be recognized in 2004. Organic sales signed at the end of Second Quarter will improve Second Quarter financial results compared to First Quarter results. The Company plans to release Q2 before the required August 15 reporting date. "Mr. Scofield, our Company President, came on board at the end of last year and has since packaged our emerging technology sales and service expertise into an offering that can be sold to other emerging technology companies," said Philip Verges, CEO of NewMarket. "The Strategic Sourcing organization that Mr. Scofield has assembled is picking up momentum with NewMarket recently enjoying a surge in organic sales growth. Our Strategic Sourcing service is making significant bottom line contributions and, based on our forecasted sales pipeline, we anticipate Quarter to Quarter improvements to our net income picture in the Second, Third and Forth Quarters' financial results."
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket (formerly IPVoice Communications Inc.) launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market. This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: TEXAS INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING E-COMMERCE INTERNET MARKETING AGREEMENTS SOURCE: NewMarket Technology, Inc.
CONTACT INFORMATION: NewMarket Technology, Inc., Dallas Investor Relations, 972-386-3372 ext. 211 ir@ipvoice.com www.newmarkettechnology.comwww.ipvoice.com or LC Group Rick Lutz, 404-261-1196 lcgroup@mindspring.com
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
CEO Reaffirms 2004 Forecast for $50 Million in Annualized Revenue and $20 Million in Booked Revenue; Encourages Shareholders to Request Paper Certificates
NewMarket Technology Inc. (OTCBB:NMKT) today released a letter to shareholders to introduce the recent NewMarket name change and corresponding symbol change on the OTCBB. The letter reaffirms the 2004 corporate plan to achieve $50 million in annualized revenue and updates shareholders on recent progress to identify and act against specific illegal trading activity. The letter is included in this press release in its entirety.
Dear Fellow Shareholders,
On Friday, July 16, the OTCBB Exchange changed our ticker symbol to reflect our recent Corporate name change from IPVoice Communications Inc. (OTCBB:IPVO) to NewMarket Technology Inc. (OTCBB:NMKT). The name change has been part of our overall long-term plan to expand our business model to include Internet technologies beyond just VoIP. However, we may get more benefit from this name change than just re-branding our expanded business model. As shareholders you all own stock, though most of you have never seen a stock certificate. You have an electronic report in the form of your account statement that reflects your stock ownership. Some of you may not realize that paper certificates even exist, but they do. The Depository Trust Company (DTC) is charged with the responsibility of insuring that your electronic report of stock ownership corresponds to an actual paper stock certificate representing shares owned. This is no easy task, given the high volume of daily trades, let alone the fact that a single share may trade hands multiple times in any given hour. Introduce the practice of short selling and the correlation of electronic certificates to paper certificates arguably becomes almost an impossibility. I am sure many of you understand naked short selling practices, but some of you may not be familiar with the strategy. Naked short selling is simply the sale of a share that does not exist in hopes that the price will go down allowing the short seller to buy stock at a lower price to fill his short order. In the event of a short sale, there are more electronic certificates than paper certificates until the short seller buys stock to fill their short sale. If the stock price goes up, the short seller loses money, just like you may lose money if you bought stock and the price goes down. Short selling, within certain rules, is not illegal. However, when a short seller coordinates his efforts with posting false claims about Company operations on the Terra Lycos Raging Bull online bulletin board, then a law has been broken. Such a short seller is attempting to manipulate the share price down in order to benefit from their short sale. We have tracked many Raging Bull posters and we have discovered individuals employed by investment banking firms. We are taking action accordingly and will continue in our efforts to track other suspicious Raging Bull posters. Some short sellers never intend to buy stock to fill their short sales. Technically, to sell a share short a share must first be borrowed so that in the event the share price goes up, the borrowed share can be collected to fill the short order. Naked short sellers take advantage of foreign brokers outside the close scrutiny of United States regulators to borrow against shares that might not exist in order to make short sales. This is where the Berlin Stock Exchange may be an issue. The Berlin Stock Exchange has been very uncooperative in working with us to mitigate the potential of any issue. The Berlin Exchange has recognized in writing the ability for their Exchange to be utilized to support naked short selling in the United States, but has nevertheless refused our repeated requests to be de-listed in what they believe to be the best interest of German shareholders. We have made an offer to coordinate a purchase of all stock traded on the Berlin Exchange and ostensibly held by German shareholders in combination with a de-listing of our stock on the Berlin Exchange. The Berlin Stock Exchange has not taken our offer. We have engaged German legal representation and will take the necessary legal actions. What can we do in addition to pursuing message board posters and the Berlin Stock exchange in court? Request your broker to send you the paper certificates for your stock. This will force a reconciliation of paper and electronic certificates and uncover any open short positions so that regulators can deal with the naked shorters accordingly. With the name change and ticker symbol change, new paper stock has been created with a new CUSIP number. CUSIP stands for Committee on Uniform Securities Identification Procedures. A CUSIP number identifies stocks of all registered U.S. and Canadian companies. The CUSIP system is owned by the American Bankers Association and operated by Standard & Poor's. Technically, all existing paper certificates, either in a safe at the DTC or in a safe at your broker's, should be exchanged for a new paper certificate with the new CUSIP number. The exchange of all old paper certificates for new paper certificates would effect a reconciliation of all paper certificates with all electronic certificates and all short positions would be uncovered. This process however is not well regulated. By each legitimate shareholder demanding a paper certificate, the electronic reconciliation can be essentially effected by shareholder mandate. Do not let your broker deny you the right to "order out" a stock certificate. You may find resistance from your broker when you make this request. You have the right to receive paper certificates. Do not take no for an answer. An artificial supply of Company stock may be the cause of our recent share price decline. Basic economics tells us if supply is plentiful, then the price declines. However, if through an electronic share reconciliation we discover that the supply is truly artificial and that actually a scarcity of stock exists, then basic economics will work to increase the share price. Please do not hesitate to contact the Company with any questions regarding a request for a paper certificate. We also want to hear about any resistance you encounter in your request. While we are working diligently to manage the current suspicious trading activity, the majority of our time is dedicated to continuing to grow the Company accordingly to plan. We recently announced a $1 million dollar organic sales contract and anticipate closing similar deals in the near future. We are beginning to realize notable sales traction with an improved opportunity to sign larger contracts. We are closing the books for the second quarter now and will announce the second quarter results and the forecast for the balance of 2004 in early August. We are on track to meet our corporate goal of an annual revenue run rate of $50 million by year end with $20 million in booked revenue. In spite of the recent suspicious stock trading activity, the Company is in better operational condition then ever.
Thank you for your ongoing support.
Philip Verges
CEO
NewMarket Technology Inc.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket (formerly IPVoice Communications Inc.) launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: INTERNATIONAL EUROPE TEXAS INDUSTRY KEYWORD: TELECOMMUNICATIONS E-COMMERCE INTERNET SOURCE: NewMarket Technology Inc.
CONTACT INFORMATION: NewMarket Technology, Inc., Dallas Investor Relations, 972-386-3372 ext. 211 ir@ipvoice.com www.newmarkettechnology.comwww.ipvoice.com or LC Group Rick Lutz, 404-261-1196 lcgroup@mindspring.com
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
DALLAS--(BUSINESS WIRE)--IPVO NMKT-- NewMarket Technology Inc. (OTCBB:IPVO) announced that it has formally changed the Company's name to NewMarket Technology Inc. today. In addition, the NASD has notified the company that effective today the company's stock will begin trading under the ticker symbol "NMKT." "Our corporate name now reflects more accurately what our company has developed into over the past year," said Philip Verges, NewMarket Technology's CEO. "NewMarket Technology has expanded into various market sectors by going beyond just Voice over Internet Protocol (VoIP) solutions into offering emerging communication technology solutions and services in the healthcare and homeland security industries."
About NewMarket Technology Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
KEYWORD: TEXAS INDUSTRY KEYWORD: MEDICAL TELECOMMUNICATIONS E-COMMERCE INTERNET SOURCE: IPVoice Communications Inc.
CONTACT INFORMATION: NewMarket Technology, Inc., Dallas Investor Relations, 972-386-3372 ext. 211 ir@ipvoice.com www.newmarkettechnology.comwww.ipvoice.com or LC Group Rick Lutz, 404-261-1196 lcgroup@mindspring.com
------------------ Due Da Due......But Be Quick About It!!!!!
Wid ma mind on ma money an' ma money on ma mind!!!
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I made some cash onthis earlier this year as ipvo. Not too much but enough to stop eating at Wedys. Another one in the same category that has slugged along also is vper. It was a higher flier but now sits at a pretty low price. Check that out Dog.
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NewMarket Technology, Inc. Files SEC Form 10QSB Reporting Q204 Revenue of $7.6 Million Thursday August 12, 10:38 am ET Approaching Breakeven with Cash on Hand of $3.3 Million Record $7.6 Million in Quarterly Revenue before Benefit of Recent $20 Million in Annual Revenue Acquisition to be Included in Q304 Financial Report
DALLAS--(BUSINESS WIRE)--Aug. 12, 2004-- NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced filing SEC Form 10QSB reporting operation results for the Second Quarter of 2004. Net Revenue increased 1,250% from $562,000 for the quarter ended June 30, 2003, to $7.6 million for the quarter ended June 30, 2004. Second Quarter of 2004 revenue increased 280% over First Quarter revenue of $2.6 million. Forty percent (40%) of this increase or $2.8 million was due to organic sales growth of the existing core operations and organic growth from the previously acquired companies. Substantial earnings improvements in the Second Quarter accelerated the Company toward realizing forecasted operational profitability by year end 2004. While management anticipated quarterly losses associated with investments to expand operations, the reported net loss for this quarter of $73,529 is less than 1% of revenue and reflects a reduction in loss of 88% over the previous quarter.
In addition to improved earnings, the Company also reported a working capital surplus of $1.2 million with cash on hand of $3.3 million. The reported revenue of $10.2 million for the first six months of 2004 reflects just over 50% of the forecasted booked revenue of $20 million for 2004. The Company has a revenue run rate goal of $50 million by year end 2004.
"In December 2003, NewMarket Technology announced an aggressive plan to introduce an innovative new business model that included an equally aggressive financial forecast," said Philip Verges, CEO of NewMarket Technology. "The Company is consistently meeting or exceeding both planned objectives and financial milestones. We expect to continue to meet or exceed planned objectives and milestones into the third and fourth quarter of 2004. Third and fourth quarter results will reflect our continuing organic sales growth and the additional benefit to be realized beginning in the third quarter from our recent acquisition which will contribute an additional $20 million in annualized revenue
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Great day here....its a bout time. I bought in several days ago at .38 and was really proud of myself until I watched it fall to .0034. Called in a telequote today and about crapped my shorts when I heard it took off. They definatly look like they have some good things on the horizon.
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If this follows trend...this should go up from now onward...the revenue news was very positive....There should be couple of down days as usual but overall we should be heading north....
NewMarket Technology, Inc. Signs $1.1 Million Defense Industry Contract To Deliver Custom Tactical Operation Solution Monday August 16, 10:53 am ET Defense Contract Adds To Rapidly Growing NewMarket Sales; Company Increasingly Confident of Exceeding $50 Million 2004 Annualized Revenue Forecast
DALLAS--(BUSINESS WIRE)--Aug. 16, 2004-- NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today a $1.1 million defense industry contract to deliver a custom tactical operation solution. The specifics of the contract are confidential at the request of the client. The custom tactical operation systems will be delivered by NewMarket's Homeland Security and Defense Industry subsidiary DCI. For more information on NewMarket's homeland security and defense industry products and offerings, visit the DCI web page at www.dci-corp.com. So far this year, NewMarket is meeting or exceeding their 2004 financial forecast. The Company has plans to book over $20 million in revenue in 2004 and reach a profitable revenue run rate of $50 million by year end. The Company recently reported over $10 million in revenue for the first six months with a marginal second quarter loss of $75,000. The Company also recently reported reaching a revenue run rate of over $40 million. More than 40% of the revenue growth from first quarter to second quarter resulted from organic sales while the balance of the growth resulted from acquisition. The Company currently has over $10 million in its sales pipeline and anticipates the majority of growth over the next six months to result from organic sales.
About NewMarket Technology Inc. (www.NewMarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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NewMarket Technology, Inc. Signs $1.1 Million Defense Industry Contract To Deliver Custom Tactical Operation Solution
August 16, 2004 10:53:00 (ET)
DALLAS, Aug 16, 2004 (BUSINESS WIRE) -- NewMarket Technology, Inc. (NMKT, Trade) announced today a $1.1 million defense industry contract to deliver a custom tactical operation solution. The specifics of the contract are confidential at the request of the client. The custom tactical operation systems will be delivered by NewMarket's Homeland Security and Defense Industry subsidiary DCI. For more information on NewMarket's homeland security and defense industry products and offerings, visit the DCI web page at www.dci-corp.com.
So far this year, NewMarket is meeting or exceeding their 2004 financial forecast. The Company has plans to book over $20 million in revenue in 2004 and reach a profitable revenue run rate of $50 million by year end. The Company recently reported over $10 million in revenue for the first six months with a marginal second quarter loss of $75,000. The Company also recently reported reaching a revenue run rate of over $40 million. More than 40% of the revenue growth from first quarter to second quarter resulted from organic sales while the balance of the growth resulted from acquisition. The Company currently has over $10 million in its sales pipeline and anticipates the majority of growth over the next six months to result from organic sales.
About NewMarket Technology Inc. (www.NewMarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
------------------ You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
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This is actually long term for me...even though I have daytraded this one couple of times & have made some money......
I have 9k shares at 1.15 right now....this has the potential & will end up being in the high side pretty soon...At least if it follows trend which should be possible atleast for this one.....
NewMarket Technology, Inc. Signs $4.3 Million Strategic Sourcing Contract to Implement Proprietary Network Solution in Latin America Wednesday August 25, 9:00 am ET Revenue of $4.3 Million to be Realized in 2004; Accelerating Organic Sales Growth Continues to Improve Company's Profitability
DALLAS--(BUSINESS WIRE)--Aug. 25, 2004-- NewMarket Technology, Inc. (OTCBB:NMKT - News) announced today a $4.3 million contract to implement a proprietary network solution in Latin America. The proprietary secure network solution has been developed by an undisclosed United States technology company and will be implemented in Latin America by NewMarket Technology. The contract is scheduled for full delivery before the end of 2004 and accordingly, all revenue will be booked in the financial results for 2004. NewMarket specializes in the market introduction of emerging technologies. In addition to selling its own proprietary Telecommunications, Healthcare and Security solutions, NewMarket also integrates and supports the complementary proprietary technologies of partner technology companies through the NewMarket Strategic Sourcing Service. NewMarket has established Strategic Sourcing sales and service centers in both Latin America and the Pacific Rim in a strategy to accelerate emerging technology sales in rapidly growing economies that have less brand name competition usually still selling last generation technology solutions.
"A success in Latin America with this innovative, secure network solution will create an entirely new network solution market in North America," explained Philip Verges, CEO of NewMarket Technology. "Hence, the need for secrecy regarding the project at this time. This contract adds to our growing organic sales momentum and further validates the NewMarket business model and the Strategic Sourcing service offering."
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and achieved a revenue run rate of more than $40 million.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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