05.07.2007 14:47:00
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NewMarket Technology, Inc. CEO Interviewed by Wallst.net Featuring Company's Emerging Market Growth in Asia and Latin America to over $100 Million in Annual Sales
NewMarket Technology, Inc. (OTCBB: NMKT)
today announced CEO Philip Verges’ recent
interview with Wallst.net is now available online. The interview focuses
on NewMarket’s rapid emerging market expansion
in Asia and Latin America through an innovative business model that
combines the sale and support of both incumbent brand name technologies
and new technologies that compliment and enhance incumbent brand name
technologies. NewMarket delivers standard technology solutions from
incumbent brands such as Cisco Systems (Nasdaq: CSCO),
Microsoft (Nasdaq: MSFT)
and Sun Microsystems (Nasdaq: SUNW)
and, at the same time, introduces innovative new technology solutions
such as VoIP delivered across a wireless broadband network. The company
provides VoIP and wireless broadband through its subsidiaries IP Global
Voice, Inc. and RedMoon Broadband. NewMarket reported $77.6 million in
revenue with $5.8 million in net income in 2006. The Company has set its
sights on achieving $120 million in profitable revenue for 2007.
Rapid Revenue Growth Noted by Deloitte and Touche Award
NewMarket Technology ranked fifth on Deloitte's 2006 Technology Fast
500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America. This is
the third consecutive year that NewMarket has been ranked on Deloitte's
Technology Fast 500.
NewMarket rated "Outperform" with a target price of $.88 Compared to
Current $0.30 by Beacon Equity Research Analyst, Lisa Springer, CFA
In the report, the analyst writes, "NewMarket Technology, Inc. provides
software solutions to the Internet telephony industry. It is an emerging
technology incubator for the next generation of tech companies,
providing consulting and computer programming services mainly to the
telecom industry. The Company is a major provider of VoIP services,
healthcare practice management software, defense industry system
solutions, and voice mail and messaging services. Other areas of
strength include prepaid long-distance calling card services; corporate
long-distance, fax, and data networking services; e-commerce
communications services for businesses selling products and other
Internet-related services."
Other companies in the Internet telephony market include AT&T (NYSE: T),
Nortel Networks (NYSE: NT),
Avaya Inc. (NYSE: AV)
and Vonage Holdings (NYSE: VG).
The full report is available at http://www.BeaconEquityResearch.com.
Anyone interested in receiving alerts regarding NewMarket Technology
Inc. research should email members@beaconequityresearch.com
with "NMKT" in the subject line.
WallSt.net Interview Access
To hear the interview in its entirety, visit www.wallst.net,
and click on "Interviews." Interviews require free registration, and can
be accessed either by locating the respective company's ticker symbol
under the appropriate exchange on the left-hand column of the
"Interviews" section of the site, or by entering the respective
company's ticker symbol in the Search Archive window.
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 WallSt.net (www.wallst.net) www.wallst.net is owned and operated
by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media
Group, Inc. The website is a leading provider of financial news, media,
tools and community-driven applications for investors. www.wallst.net
offers visitors free membership to its in-depth executive interviews,
exclusive editorial content, breaking news, and several proprietary
applications.
About RedMoon Broadband (www.redmoonbroadband.com)
NewMarket's Texas-based subsidiary, RedMoon Broadband, is a leader in
municipal Wi-Fi and has designed, engineered and deployed wireless mesh
network solutions providing high-speed Internet service, security
surveillance, automatic water meter reading and mobile broadband for
municipalities, including Addison, Texas, home to major corporations
such as Mary Kay, Pizza Hut and Palm Harbor Homes.
Additionally, RedMoon and Chevron Energy Solutions, a business unit of
Chevron Corporation, deliver service through the companies' SkyPilot
mesh network to the 10-square-mile City of Burleson, Texas, supplying an
automatic water metering program to more efficiently track consumption,
curb water loss and increase revenues. Automatic Meter Reading (AMR)
technology will enable Burleson to reduce meter-reading costs, improve
the accuracy of readings, support water conservation efforts and raise
the level of customer service.
About IP Global Voice, Inc. (www.ip-gv.com)
NewMarket's VoIP subsidiary, IP Global Voice, continues to expand its
business service and product offerings to offer a full range of managed
IT services for small, medium and large commercial customers. IPGV, with
operating divisions Corsa Network Technologies and XIPTEL
Communications, offers full end-to-end IP-based solutions for business
customers, including hosted and premise-based VoIP telephone systems, IP
PBX hardware and managed systems solutions, high-end network security
technologies, and other cutting edge network and productivity
enhancement products. IP Global Voice, Inc. offers dozens of other
products and services for every business need having partnerships with
high profile companies such as Digium/Asterisk, 3Com, Riverbed, Juniper
Networks, Ae6, Bradford Networks, Mirapoint, Tipping Point, and others.
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 such as Microsoft, Cisco Systems, SAP, Siebel and Sun
Microsystems. Concurrently, NewMarket continuously seeks to acquire
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 independently
listing consolidated regional and emerging technology subsidiaries in
order to issue subsidiary stock in shareholder dividends. Currently,
NewMarket Technology is the parent company to two publicly listed
regional subsidiaries, NewMarket Latin America, Inc. (OTC: NLAI)
and NewMarket China, Inc. (OTCBB: NMCH).
NewMarket ranked Number Five on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company
grew from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005. In 2006, the company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
"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.
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