Business Editors / Technology Writers DALLAS--(BUSINESS WIRE)--Dec. 23, 2004--
Company's Emerging Financial Software Initiative to Build on
Momentum from Existing Microsoft Great Plains Business Solution
Practice
NewMarket Technology Inc. (OTCBB:NMKT) today announced plans to
add financial software solutions to its emerging technology portfolio.
The Company currently markets emerging technology solutions in the
Telecommunications, Healthcare and Homeland Security industry sectors.
In 2004, a recently acquired NewMarket subsidiary was recognized as a
Microsoft (NasdaqNM:MSFT) Gold Certified Business Partner for their
exemplary sales success of Microsoft Great Plains Business Solutions.
The Microsoft Great Plains Business Solution offers integrated
capabilities for financial management, distribution, manufacturing,
project accounting, human resource management, field service
management, and business analytics. NewMarket will draw from their
experience in the financial technology solutions market with the
Microsoft Great Plains Business Solution to identify and execute upon
opportunities to introduce new financial technology innovations that
complement and enhance the Microsoft solution environment.
NewMarket's initial forecast for its newly announced emerging
financial software solutions initiative is for $10 million to $12
million in 2005 revenue. This forecast is based upon the historical
financials of NewMarket's recently acquired Microsoft Business
Solution Partner. Anticipated acquisitions of emerging financial
software companies in 2005 could notably increase this initial
forecast.
2005 Dividend Plan for Shareholders
NewMarket recently announced plans to spin-off its Homeland
Security subsidiary. The Company has entered into a Letter of Intent
to combine its Homeland Security business with publicly listed Defense
Technology Systems Inc. (OTCBB FTS). Finalized terms of the DFTS
transaction will be forthcoming when valuations and negotiations are
completed. The goal is to achieve accelerated growth in the Homeland
Security market and to create a property dividend opportunity for
NewMarket shareholders. With this next step in the development of
NewMarket's Homeland Security business, NewMarket management has
concurrently expanded their emerging technology focus into the
Financial Software Industry.
$1.25 - $1.50 NMKT Target Share Price Cited in Recent Research
Report
NewMarket has been recently reviewed by analyst Michael Scheft for
its innovative approach to developing emerging technology
opportunities and monetizing for shareholders the tremendous equity
appreciation potential that can result from the successful development
of those emerging technologies. Mr. Scheft is an independent research
analyst and editor of Scheft Ticks, an equities newsletter providing
unique insight to the markets since 1987. Mr. Scheft has appeared
regularly on CNBC and Financial News Network and is a weekly guest on
GEM radio, along with several other financial programs throughout the
country. Mr. Scheft's buy recommendation maintains a 12-month target
for the shares of NewMarket at $1.25-$1.50, with the potential for
strong upside surprises.
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.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES
INDUSTRY KEYWORD: TECHNOLOGY GOVERNMENT DEFENSE SOFTWARE TELECOMMUNICATIONS PROFESSIONAL SERVICES FINANCE PRODUCT/SERVICE
SOURCE: NewMarket Technology, Inc.
CONTACT INFORMATION:
NewMarket Technology, Inc., Dallas
Rick Lutz, 404-261-1196
ir@ipvoice.com www.newmarkettechnology.com www.ipvoice.com
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