posted
NewMarket Technology Inc. Releases Update on Progress to Date Toward 2006 Plan For $58 Million In Profitable Revenue And Outlines Potential for 60% Upward Revision in Revenue Forecast; Update Includes Q106 Anticipated Benchmark Events 2/7/2006
DALLAS, Feb 07, 2006 (BUSINESS WIRE) -- NewMarket Technology Inc. (OTCBB:NMKT) today released an update on progress to date toward its business plan in 2006. The Company has forecasted 15% annual revenue growth in 2006 to a profitable $57.5 million over last year's profitable $50 million (unaudited). Recently the Company released specific business plans for each of its six operating business units. The $83.5 million sum of the fully consolidated business unit revenue goals for 2006 represents more than a 60% increase over NewMarket's 2005 revenue. The business unit goals are based on corporate developments not yet consummated. At the close of each fiscal quarter the annual forecast will be reviewed and updated as required.
Business Unit Revenue Goal--------------------------------------------------Latin America $25,000,000China $28,000,000Systems Integration $12,500,000VoIP $15,000,000Healthcare $ 3,000,000--------------------------------------------------Upward Revision Potential $83,500,000 In addition, the unconsolidated Homeland Security revenue forecast for 2006 is estimated at $10 million and is reported in NewMarket's affiliate company, Defense Technology Systems (OTC:DFTS).
Business Unit goals include the previously announced planned acquisition of UniOne in Sao Paulo, Brazil, with approximately $11 million in profitable annual sales. This acquisition constitutes a substantial portion of the Latin American $25 million 2006 revenue goal. The acquisition is expected to close in the very near future. Both the buyers and sellers are enthusiastic and working diligently to complete the transaction. The completion of this transaction is a likely candidate event that would trigger an upward revision of NewMarket's overall 2006 forecast after the close of Q1 '06 and the filing of the quarterly report.
"NewMarket has grown substantially from $2.3 million in revenue in 2003 to over $50 million in 2005," said Philip Verges, CEO of NewMarket Technology Inc. "We anticipate continued rapid growth in both revenue and income. Our new approach in 2006 is to communicate a balance between potential and prudence to provide shareholders with a reasonable forecast, while at the same time providing detailed information behind the Company's plan to exceed that forecast. We know our key to achieving continued growth lies in the successful expansion of our management team and the reinforcement of our operational processes and procedures. We have already announced the addition of Mr. Rauch as our CFO and shareholders can expect additional management and director announcements to be shortly forthcoming. Nearly halfway through the first quarter of the year, I am optimistic we will exceed the 15% growth forecast for 2006 over 2005."
NewMarket combines a traditional technology services offering with an emerging technology incubation business function. The result has been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005 (unaudited). NewMarket was named in 2005 as the 13th fastest growing technology firm in North America on the Deloitte Technology Fast 500.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO) and Sun Microsystems (Nasdaq:SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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And did you notice the low volume? It's almost not there. With some few nice news this will fly, or what're your opinions?
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
Well, maybe we should tell them to do some updating on their site. At least do some investor information and publish latest press releases.
I would give them a call, but as I'm not a native speaker of the english language, I'm sure here's someone more suitable for this job. Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
85yrs till retirement: How may I help you? This one at least didn't already pop.
Green Demon: Yes, volume is very low, but I think that's the interesting part. If no one wants to sell, this should pop really fast as soon as volume will come in.
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
true...but can you get out...I got in at 3.5-3.6 and now I am in for $800 but the rest of my money is just sitting there at 3.6 waiting for a fill. It seems that at each price point there are about 20,000-40,000 shares
Posts: 1104 | Registered: Dec 2005
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posted
Sure I can get out. At the moment at .036, you would buy them!
Okay, to be serious: If volume comes in, I don't think it would be a problem to come out. Okay, depends on the amount you're in. If you're in with 1 Mio shares, well then it could get somewhat harder.
Are there other groups thinking about this one? I mean, is it getting noticed on other boards, too? Because the only problem of this thing is the volume.
And if you watch this http://stockcharts.com/gallery/?DFTS, you'll notice that there was some useful volume until beginning of 2005. It also seems like all invested are still sticking with this one.
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
Hey I want it to go up as well I just got a little nervous when I had to change from 3.5 to 3.6 and still I was not filled on only 70k shares.
The other one that I bought today was dbmi...next resistance is at .17 and the charts look great IMO. I am going to start a new topic on it right now
Posts: 1104 | Registered: Dec 2005
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posted
Ok i picked another winner, I posted this news once it came up , alot of people dont even know about it yet! We are in great shape for the am. 3 or 4 times our money!!!!
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
3-4 times may be excessive but if we can close here tomorrow will be a great day. It has had troble breaking its 50 day and closing there but not today... GO GO GO
Posts: 1104 | Registered: Dec 2005
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I made some decent $ last week on USXP but then turned around and tried to duplicate riding the wave on the stocks I mentioned earlier. Thing is however, I got in as the wave was coming down:-( I just got lucky with USXP...
Nice to be on the ground floor for a change.
Again, thanks for the tip there, matto!!!!!! We will see how this plays out.
-------------------- Pax, Stephen
Roses are red: violets are blue: I'm schizophrenic, and so am I... ;-) Posts: 29 | From: Dayton, OH | Registered: Jan 2006
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OK if we are all in make sure tonight we take a few min. and tell all of our friends on the other boards, and all the group runners to read the news! Let everone know its a low floater and we may get rich!
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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With some few nice news this will fly, or what're your opinions?
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