posted
Not many bid whackers left with the holiday upon us, but still a few morons dumping at 02. I've loaded the boat at 02 and waiting for the merger with NMKT to be completed early next year as stated in a previous pr! Once merger is completed, I see at least 2-3x bagger from these levels.
Check out what IICP did when they merged with NMKT...exploded to .30!
News - 02x024 2x1
Press Release Source: NewMarket Technology Inc.
NewMarket Technology, Inc. Announces Year End Push to Complete Independent Listings of Consolidated Subsidiaries and Deliver Early on Profit Boosting Projects Friday December 22, 11:39 am ET RFID Pilot Project Success in Europe and U.S. with NewMarket Patent Pending Technology Could Deliver 4th Qtr Profit Lift and Lead to Major Follow On Contract
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced a year end push to deliver early on customer projects that could deliver a fourth quarter profit boost. The Company is also working through the year-end holidays to complete the independent public listings of both its Latin American and Wi-Fi operations in the previously announced pending transactions with Paragon Financial, Inc. (OTC: PGNF - News) and Diamond I, Inc. (OTCBB:DMOI - News).
ADVERTISEMENT "The holidays are upon us, but we are taking little time off this year in order to do all we can to deliver a record net profit and aggressively execute on our plan to independently list our consolidated subsidiary operations," said Philip Verges, CEO and Chairman of NewMarket Technology, Inc.
Profit Boost on $70 Million in Forecasted 2006 Revenue
NewMarket is on track to deliver on a forecasted $70 million in profitable revenue for 2006 after reporting $52 million in profitable revenue in 2005. The year to date revenue for 2006 through the 3rd quarter is $53.2 million, and the net profit through the 3rd quarter of 2006 is $2.7 million. NewMarket is working to deliver record net profit through early completion of current projects that could lift anticipated profits in the 4th quarter of 2006.
Independent Listing of Consolidated Subsidiary Operations
NewMarket recently announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American Operations located in Venezuela, Brazil and Chile.
Additionally, the company recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus. One area will concentrate on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
RFID Pilot Project Success in Europe and U.S.
NewMarket Technology, Inc. has a patent pending RFID (Radio Frequency Identification) supply chain management solution specifically for shipping. The company's RFID technology is involved in related pilot projects both in the United States and Europe. The projects have been a success to date and the Company anticipates the pilots expanding into large RFID roll-out projects in 2007.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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Doesn't take much to move her! But she falls just as easy when the bid whackers come in...
Posts: 3026 | From: Chicago | Registered: Oct 2005
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NewMarket Technology, Inc. Delivers Early on Project to Boost 2006 Profit on $70 Million in Expected Revenue After Reporting $2.7 Million Net Income Through 3rd Qtr Thursday December 28, 10:37 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced completing a customer project early that can in turn increase the Company's 2006 net profit. NewMarket has recently been recognized in Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. NewMarket Technology grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005, making NewMarket the fastest growing company in Texas on the Fast 500 ranking and the first Texas-based company to make the Top 5 since 2001.
ADVERTISEMENT Company revenue in 2006 is expected to be approximately $70 million. NewMarket reported $53.2 million in revenue with $2.7 million net income after currency translation for the first three quarters of 2006. Management has previously announced a fourth quarter push to deliver early on profit enhancing projects to deliver record profits in 2006. The project announced today is one of the most substantial projects that can contribute to enhanced profits in 2006. The Company is continuing to push in the last few days of the year to deliver early on additional projects and to complete the independent public listings of both its Latin American and Wi-Fi operations in the previously announced pending transactions with Paragon Financial, Inc. (OTC:PGNF - News) and Diamond I, Inc. (OTCBB:DMOI - News).
Independent Listing of Consolidated Subsidiary Operations
NewMarket recently announced a letter of intent (LOI) agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American Operations located in Venezuela, Brazil and Chile.
Additionally, the company recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus. One area will concentrate on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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033x034 2x1 Coming up to 035 wall where it usually stalls...It breaks 035, we should head into 04's. Merger with NMKT should be completed soon.
News from earlier.
NewMarket Technology, Inc. To Present Business Plans For Independently Listed Subsidiaries February 13th, 14th and 15th in Boca Raton, Atlanta and New York Wednesday January 3, 10:38 am ET Company Continues to Independently List Subsidiaries After Closing 2006 with Estimated $70 Million in Revenue, Record Profit and $120 Million 2007 Revenue Forecast
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) will present the business plans for its first three independently listed subsidiaries. The presentation schedule starts in Boca Raton, Florida on Feb. 13, followed by a presentation in Atlanta, Georgia on Feb. 14. The last presentation will be held in New York, New York on Feb 15.
ADVERTISEMENT click here NewMarket Technology, Inc. launched an innovative business plan in 2002 to continuously introduce new technologies to new and emerging markets. Since that time, the Company has grown from reporting $2.3 million in profitable revenue in 2003 to being recognized by Deloitte and Touche as the fifth fastest growing technology firm in North America after reporting over $50 million in audited profitable revenue in 2005. NewMarket sells dozens of technology products and services throughout North America, China, South East Asia and South America. The independent public listing of consolidated subsidiaries is an integral component of NewMarket's long-term plan to continuously introduce innovative technologies to these rapidly growing markets.
NewMarket China, Inc
Earlier this year, NewMarket Technology completed the public listing of its Chinese subsidiary, 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 anticipates continued rapid growth in China and has set a corporate goal of achieving $100 million in profitable revenue in Fiscal Year 2008. The ticker symbol will also be changed in the near future to reflect the company's recent corporate name change to NewMarket China and an announcement will be made as soon as the new ticker symbol and effective date has been designated.
NewMarket Latin America and Wi-Fi
NewMarket recently announced two letter of intent (LOI) agreements to create two additional publicly listed subsidiaries.
NewMarket announced an LOI agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) with NewMarket becoming the majority shareholder in Paragon. NewMarket currently has over $20 million in profitable annual revenue from its Latin American operations located in Venezuela, Brazil and Chile.
NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary. The combined operations will initially have two areas of focus with one area concentrating on developing the Wi-Fi gaming market opportunity that is just beginning in the gaming industry. The second area will focus on developing the city municipal government Wi-Fi market. The parent company will maintain its core Wi-Fi technology assets that can be applied to develop additional Wi-Fi market segments through focused subsidiaries.
Highlights of a Conglomeration of Micro Cap Publicly-Listed Companies
Reduced Expenses
The expense of maintaining a public listing has increased substantially with the Sarbanes-Oxley laws increasing, which has resulted in micro cap companies seeing a higher percentage of their bottom line being reduced due to the increased expenses. That expense is reduced per company by combining multiple companies into a single conglomerate that can share in the redundant expenses by taking advantage of the economies of scale the combination produces for financial reporting.
Optimized Market Conditions
Managing the public markets is not usually the expertise of an entrepreneurial technology management team. Their focus is, and should continue to be, the management and growth of their company in their field of expertise. The conglomerate can provide the necessary expertise for a publicly-listed company on an as needed basis, at reduced costs.
Improved Transparency for Shareholders
NewMarket is working to upgrade its listing to NASDAQ or another more regulated exchange. By having "smaller board" listed companies as consolidated subsidiaries of a "big board" listed company, the subsidiary companies are essentially required to meet the reporting standards of the more regulated "big board" exchange.
Enhanced Shareholder Return through Dividends
An important part of NewMarket's business plan for continued growth, in both revenue and shareholder value, is the periodic distribution of dividends in the form of stock in subsidiary companies to NewMarket shareholders. Dependent upon the structure of each subsidiary spin-off, shareholders of NewMarket can look forward to stock dividends in each publicly listed subsidiary.
To attend one of NewMarket's February presentations and to be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About NewMarket China, Inc. (formerly Intercell International Corporation) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
chart is nice but I wouldn't exactly call it "HOT". No one has bought in awhile... I am going to wait and watch
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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quote:Originally posted by mrinos: chart is nice but I wouldn't exactly call it "HOT". No one has bought in awhile... I am going to wait and watch
You're right, it's not 'HOT' yet, but it's getting there. With the MACD hopefully going positive tomorrow, should start grabbing some folks attention...Vol has been dead for sometime...Ever since it couldn't hold 035, vol had dried up. Oh well, we'll still close green unless the bid whackers come in.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Hmm, Vol is dead now, but had news earlier which drove the price up to 038 on low vol.
MACD just went positive today. Merger with NMKT should be completed sometime this month. Chart is shaping up for the merger
NewMarket Technology, Inc. Enters 2007 with Estimated Record Profit and $70 Million in 2006 Revenue and $0.78 PPS Recommendation vs. Current $0.35 PPS Thursday January 4, 11:29 am ET Company Announces 2007 $120 Million Profitable Revenue Forecast
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB: NMKT - News) finished 2006 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. Yesterday, the common stock of NewMarket traded over 2 million shares exceeding its daily trading volume average and the share price closed above the 200 day moving average. In the 4th quarter of 2006, Beacon Equity Research issued an independent analyst report rating NewMarket as an "Outperform" with a fair market value of $0.78 PPS compared to the current $0.35 PPS.
ADVERTISEMENT Record Financial Performance
NewMarket has already reported $53.2 million in revenue for the first nine months of 2006, up 53% from $34.8 million reported in the first nine months of 2005. The Company also reported a 57% increase in net income before currency translation ($2.3m v. $1.6m) and gross profit up 14% ($15.0m v. $13.2m) in the first nine months of 2006 over the first nine months in 2005.
Beacon Equity Research Values NewMarket at $0.78 PPS vs. Current $0.35
Beacon Equity Research released an independent analyst report in the 4th quarter of 2006 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 current $0.35 PPS. Beacon derived the fair market value utilizing both a discounted cash flow analysis, as well as discounted peer comparison.
The fair market value calculation does not take into consideration the potential impact of NewMarket's equity income and shareholder dividend strategy. NewMarket has recently listed one consolidated subsidiary, NewMarket China, Inc. (OTCBB:IICP - News), and has two letter of intent (LOI) agreements in place to create two additional publicly listed subsidiaries.
NewMarket announced an LOI agreement to combine its Latin American operations into Paragon Financial, Inc. (OTC:PGNF - News) and an LOI agreement with Diamond I, Inc. (OTCBB:DMOI - News) to combine operations with NewMarket's Wi-Fi operations.
Anyone interested in receiving a copy of Beacon Equity Analyst Research Report, may visit their website at http://www.BeaconEquityResearch.com or email ir*newmarkettechnology.com.
5th Fastest Growing Tech Company in North America on Deloitte Fast 500
In acknowledgement of the company's rapid growth, NewMarket has recently been ranked fifth in Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America, and the number one fastest growing company in Texas. The Company grew from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005.
About NewMarket China, Inc. (formerly Intercell International Corporation) (http://www.newmarkettechnology.com/about-newmarket-china.htm)
NewMarket China, Inc. is a leader in the rapidly developing Chinese software engineering market providing high quality outsourcing services to global customers. In addition, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market. NewMarket China has established and continues to grow a highly capable network of Chinese IT Service partners providing domain expertise in telecommunications, multimedia, ERP and finance. Headquartered in Shanghai, NewMarket China bridges the gap between Western and Eastern business cultures to realize the advantages of the high quality, low cost technology products and services available in China. In doing so, the firm assists its clients in overcoming the challenge of taking a business global. NewMarket China comprehends the differences in business processes, communications and cultures between the United States and China, and provides its clients with an established partner who provides a winning environment for global relationships and transactions. While most firms see China as merely a cost saving alternative, NewMarket China recognizes that China represents a huge growth opportunity for its customers and supports them in localizing their products and services, and in identifying complementary revenue streams within the Chinese Market.
About Diamond I, Inc. (http://www.wificasino.net/)
Diamond I owns the rights to patent-pending voice-recognition and finger-print biometric security technologies. These security technologies will be incorporated into Diamond I's WifiCasino GS wireless, hand-held gaming system, as well as the hand-held gaming unit to be employed by the Global Gaming Platform venture.
Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino"(TM), which includes the GS2(TM), the user-friendly wireless hand-held unit. With the passage of Nevada Law AB471, which authorizes the use of mobile communication devices for gaming in public areas in Nevada casinos, Diamond I seeks to secure a Las Vegas hotel/casino to serve as the demonstration site for its WifiCasino, in conjunction with its application for a gaming license in Nevada. To that end, in a letter of intent, The Palms Resort and Casino has agreed to continue to develop a working relationship relating to Diamond I's WifiCasino and, assuming Diamond I continues to meet certain standards, The Palms stated that it intends to pursue an opportunity with Diamond I. Diamond I continues to seek venues in which to establish its WifiCasino system, including other U.S. casinos and horse and dog racing facilities. Diamond I has had preliminary discussions with certain owners of cruise ships, certain owners of horse racing facilities in the United States and dog and horse racing facilities outside the United States.
About Paragon Financial Corporation (www.pgnf.com)
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
About NewMarket Technology, Inc. (http://www.newmarkettechnology.com/)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Nice news this morning! Bids are stacking up PM. Hopefully we can get some vol and moveeeeeeeee
033x034 1x2
NewMarket Technology, Inc. to Acquire TekVoice Communications, Inc. for VoIP Footprint Expansion and to Contribute to Latin America 2007 $30 Million Revenue Forecast Thursday January 11, 9:18 am ET NewMarket to List Latin America Subsidiary in Transaction with Paragon Financial, Inc. in Addition to Listing Two Additional Subsidiaries
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB: NMKT - News) today announced executing a letter of intent (LOI) agreement to acquire the majority interest in TekVoice Communications, Inc. NewMarket previously acquired a minority interest in TekVoice. TekVoice and NewMarket have worked together to expand TekVoice's Voice over Internet Protocol (VoIP) service throughout Latin America and the United States Hispanic Market. The TekVoice operation will be reorganized into Paragon Financial, Inc. (OTC: PGNF - News) following NewMarket's previous announcement to become the majority shareholder in Paragon Financial.
ADVERTISEMENT NewMarket will receive a majority interest in Paragon Financial in exchange for 100% of the stock in NewMarket's Brazilian subsidiary. Subsequent to receiving the majority interest, NewMarket will reorganize all of its Latin American operations, to include TekVoice Communications, into Paragon Financial. NewMarket forecasts over $30 million in profitable revenue in 2007 for the Latin American operations to be moved into Paragon Financial. The name of Paragon Financial will be changed to NewMarket Latin America, Inc. after the Company becomes an independently listed consolidated subsidiary of NewMarket Technology, Inc.
New Technologies, New Markets, Listed Subsidiaries and Shareholder Dividends
NewMarket Technology, Inc. launched an innovative business plan in 2002 to continuously introduce new technologies to new and emerging markets. The Company has grown from reporting $2.3 million in profitable revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the fifth fastest growing technology firm in North America after reporting over $50 million in audited profitable revenue in 2005. NewMarket sells technology products and services throughout North America, China, South East Asia and South America. The independent public listing of consolidated subsidiaries is an integral component of NewMarket's business plan to introduce innovative technologies to these rapidly growing markets. NewMarket also plans to issue stock in its independently listed subsidiaries to NewMarket shareholders in dividend distributions after allowing time for revenue growth by the subsidiaries.
NewMarket China, Inc., $20 Million in 2006 Revenue, $40 Million in 2007
Earlier this year, NewMarket Technology completed the public listing of its first independently listed consolidated subsidiary, NewMarket China, Inc. (OTCBB:IICP - News), formerly known as Intercell International Corp. NewMarket's China subsidiary expects to report over $20 million in revenue for 2006 and has forecasted a 100% increase in revenue for 2007 to $40 million.
NewMarket and Diamond I, Inc. $10 Million in 2007 Revenue Forecast
NewMarket and Diamond I, Inc. (OTCBB: DMOI - News) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets and proprietary knowledge to build a comprehensive emerging Wi-Fi business that can be leveraged to build revenue and profits in various market segments. NewMarket also recently announced a letter of intent agreement to acquire a majority interest in its affiliate Wi-Fi operation RedMoon, Inc. (News - http://biz.yahoo.com/bw/070109/20070109005776.html?.v=1) RedMoon will be combined into Diamond in conjunction with NewMarket's acquisition of a majority interest in Diamond. The combined NewMarket, Diamond and RedMoon operations will create a multi-industry Wi-Fi solution provider with a 2007 revenue forecast of $10 million.
RedMoon has designed, engineered and deployed mesh network solutions, providing high-speed internet service, security surveillance, automatic meter reading and mobile broadband for municipalities. In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX - News), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq:ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.com
Source: NewMarket Technology, Inc.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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Vol dried up after noon and there was only 3 trades (2 came after hours at 04). Nobody cares for this stock, but it's been slowly going up. Weeeeeeeeeeee!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Anymore bidwhackers out there? We are down to 031 on low vol and I need some more shares....Please if you are holding, whack the bid some more so I can load up....Thanks!
031x033 2x1
Posts: 3026 | From: Chicago | Registered: Oct 2005
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Chart shows the 'golden cross' touching today...will it move after this? I hope so, but with no vol, we aint going anywhere!!
034x035 2x3
News from earlier.
NewMarket Technology, Inc. Appoints Chief Technology Officer for NewMarket Latin America in Strategy to Expand Latin American Operations to $30 Million in 2007 Monday January 22, 9:14 am ET
DALLAS--(BUSINESS WIRE)--NewMarket Technology, Inc. (OTCBB:NMKT - News) today announced the appointment of Mr. Paykar Chamani to Chief Technical Officer (CTO) for the Company's regional subsidiary, NewMarket Latin America. As the CTO of NewMarket Latin America, Mr. Chamani will be responsible for providing technical operating strategy and technical due diligence for any acquisitions or mergers, advising the operating companies on technical matters and serving as the principal officer for the development of new product categories and services. NewMarket's Latin America operations currently have offices in Brazil, Chile and Venezuela and expect to report over $20 million in profitable annual revenue for 2006.
ADVERTISEMENT Mr. Chamani has served for the last three years as the CTO of Corsa Network Technologies, a company acquired by NewMarket Technology in 2005. Mr. Chamani studied Engineering in Paris at LT Dorian College, speaks four languages including Spanish and English, and is widely acknowledged for his skills and expertise in technology. Mr. Chamani has extensive experience with the security sector in France, as well as with NetVersant in the U.S., where he was responsible for IT operations across 40 locations with more than 2,000 employees.
Aubrey Brown, President of NewMarket Latin America, said, "Paykar has been very instrumental in the success we have enjoyed at Corsa Network Technologies and his proven technical abilities and knowledge of IT operations will enable us to quickly bring new products and services to market in Latin America. We expect to provide evidence of our new technical aggressiveness within months. I'm extremely pleased that Paykar has chosen to accept our offer to join us in growing our business in Latin America."
Public Listing of NewMarket Latin America Subsidiary
NewMarket Technology has signed a letter of intent (LOI) agreement to combine its Latin America operations into Paragon Financial Corp. (OTC:PGNF - 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 to $30 million has been forecasted, including net income.
Additional NewMarket Subsidiary Listings
NewMarket's long-term business plan includes independently listing subsidiaries, while the parent company retains and maintains a majority interest. Due to the majority interest, NewMarket will continue to consolidate the subsidiary financials into NewMarket's financials. In addition, the subsidiary listings offer investors interested in a specific market sector or geographical region of operations the ability to invest in a focused investment, or "pure play." Initial terms of the majority interest in the subsidiaries include a NewMarket Technology owned preferred stock with "no dilution" provisions, offering an initial incentive to delay conversion of the preferred stock. Upon conversion of the preferred stock of each subsidiary, NewMarket will declare a shareholder of record date, dividend ratio and dividend distribution date for the subsidiary stock dividends to NewMarket shareholders.
In addition to the planned public listing of NewMarket's regional subsidiary, NewMarket Latin America, the Company had already completed the public listing of its Chinese subsidiary, NewMarket China (OTCBB:IICP - 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.
Separately, NewMarket and Diamond I, Inc. (OTCBB:DMOI - News) have entered into a letter of intent agreement to consolidate Wi-Fi technology assets with $10 million in revenue forecasted in 2007. NewMarket will be the majority shareholder in Diamond and the companies will pursue Wi-Fi opportunities within multiple industries. With the addition of NewMarket's financial and marketing resources, one such opportunity exists with Diamond's proprietary encrypted hand-held gaming system targeted at the casino and gaming industry. Substantial revenue enhancement is offered to the gaming industry with wireless gaming. Wireless gaming does not require the gaming participants to be on the casino floor in order to gamble, yet provides the encryption and security necessary to abide by gaming regulations.
To facilitate the expansion, NewMarket recently announced an LOI agreement to acquire a majority interest in its affiliate Wi-Fi operation, RedMoon, Inc. RedMoon has designed, engineered and deployed mesh network solutions, providing high-speed Internet service, security surveillance, automatic meter reading and mobile broadband for municipalities.
In 2006, RedMoon and Chevron Energy Solutions, a Unit of Chevron Corporation (NYSE:CVX - News), signed a contract with the City of Burleson, Texas, to construct a wireless broadband network and implement an automatic water meter reading pilot project. http://www.chevronenergy.com/news_room/default.asp?pr=pr_20060329.asp
The cumulative 2007 forecasted revenue of the three subsidiary operations to be listed independently is $80 million. NewMarket intends to issue stock in the subsidiary operations to NewMarket shareholders in dividend distributions.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir*newmarkettechnology.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions to include Microsoft (Nasdaq:MSFT - News), Cisco Systems (Nasdaq:CSCO - News), SAP (NYSE:SAP - News), Siebel (Nasdaq: ORCL - News) and Sun Microsystems (Nasdaq:SUNW - News). Concurrently, NewMarket continuously seeks to acquire undiscovered emerging technology assets to incorporate into an overall product portfolio carefully packaged to complement the prevailing industry standard solutions. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. NewMarket maximizes shareholder return on investment by independent listing of consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir*newmarkettechnology.com www.newmarkettechnology.comPosts: 3026 | From: Chicago | Registered: Oct 2005
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Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income Tuesday January 23, 8:53 am ET
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket's Latin American operations booked over $20 million in profitable revenue in 2006. The results of those operations are currently under routine independent audit review. Similar revenue results were reported and audited in 2005.
ADVERTISEMENT Upon closing the transaction, NewMarket Technology will become the majority shareholder in Paragon Financial, and management anticipates changing the company's name to NewMarket Latin America. NewMarket is forecasting a 50% increase in revenue in 2007 to $30 million with net income.
Mr. Paul Danner, CEO of Paragon Financial, said, "We are pleased to provide Paragon shareholders with an alternative investment scenario in the rapidly growing technology sector in Latin America. All parties look forward to closing the transaction before the end of the first quarter."
About Paragon Financial Corporation
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain information contained in this announcement are "forward-looking statements." Paragon cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the mortgage industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Factors which may affect results include, but are not limited to, the ability to raise capital necessary to sustain operations and implement the business plan, the ability to obtain additional regulatory permits and approvals to operate in the financial services area, the ability to identify and complete acquisitions and successfully integrate acquired businesses, if any, the ability to implement the company's business plan, changes in the real estate market, interest rates or the general economy of the markets in which the company operates. Additional information regarding Paragon is contained in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contact:
Paragon Financial Corp. Paul Danner, 904-285-7171
Source: Paragon Financial Corporation
Posts: 3026 | From: Chicago | Registered: Oct 2005
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