New Market Technology
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| Eröffnet am: | 01.01.05 15:50 | von: big lebowsky | Anzahl Beiträge: | 18 |
| Neuester Beitrag: | 10.04.06 09:12 | von: thekey | Leser gesamt: | 3.434 |
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NewMarket Technology Inc to Complete Acquisition of Gaozhi Communications of Shanghai on Upcoming Chinese Trade Mission
DALLAS
Gaozhi's $3 Million in Annual Revenue Step Towards Achieving $10 Million Forecast in China and $75 Million Company Wide
NewMarket Technology Inc. (OTCBB:NMKT) and Defense Technology Systems (OTCBB:DFTS) and Gaozhi Communications of Shanghai, China announced that the two companies will close on the previously announced acquisition of Gaozhi by NewMarket during the second Investor Trade Mission to China which departs on January 17, 2005. Gaozhi Communications is currently operated by Gaozhi Science and Technology Development Ltd. NewMarket will acquire a majority interest in Gaozhi Communications for cash and Gaozhi Science and Technology will remain as the second largest shareholder.
Gaozhi Communications has annual revenue of $3 million with significant business relationships in China that will contribute towards meeting NewMarket's China 2005 revenue forecast of $10 million. The acquisition of Gaozhi Communications represents the first acquisition in China and is an integral step in NewMarket's initiatives to becoming a part of the rapid economic growth in China through a merger and acquisitions strategy. China reported that its economy grew 9.3% in 2003.
A NewMarket China PowerPoint Presentation is available to interested investors by contacting LCGroup@mindspring.com
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 (DCI). The Company has expanded sales into Asia, Latin America and Canada through the acquisitions of Infotel Technologies in Singapore, RKM IT Solutions of Caracas, Venezuela, and Logicorp respectively. The company recently announced its first spinoff with the acquisition by Defense Technology Systems (OTCBB:DFTS) of NewMarket's Homeland Security subsidiary, DCI, for stock. NewMarket shareholders will receive a property dividend in the form of DFTS stock at a later date.
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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A new fiscal year has begun. The Company has just experienced a year of over 1000% revenue growth. Reported revenue in 2003 was $2.3 million and the Company expects to report $25 million revenue in 2004. At the same time the Company built a balance sheet with over $10 million in shareholder equity that has consistently included over $1 million in cash. While investing aggressively in growth, the Company still expects to break even for the year with the possibility of booking some modest net income. Despite this significant progress in 2004, the Company's overall market capitalization value hovered in the same range for the year.
During 2004, the price per share experienced notable fluctuations. The first quarter saw significant price increases while the second and third quarter saw significant price decreases. The fourth quarter has essentially re-established the market capitalization value to the $50 million dollar mark previously established in the first quarter of 2004.
The publicly listed market experiences various dynamics that can impact a company's price per share and overall market capitalization independent of that company's performance. However, at over 1000% revenue growth and a ten-fold increase in shareholder equity, a negligible impact in market capitalization is difficult to accept as a result of independent market dynamics. With a profitable $75 million revenue forecast in 2005, management plans to take measures aimed at mitigating or eliminating the independent market dynamics constraining the Company's market capitalization growth.
SEC Regulation SHO
On Monday, a new Securities and Exchange Commission regulation governing short selling, known as Regulation SHO, will take effect. The regulation aims at modernizing rules on short selling and addresses failures to deliver stock on settlement date. Under Regulation SHO, exchanges are required to provide daily lists of securities that have large amounts that had a failure to deliver.
This required list is referred to as the threshold securities list. Under Regulation SHO, threshold securities are defined by two criteria: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days and, 2) these fails constitute 0.5% or more of outstanding shares. Exchanges will begin publishing daily threshold lists starting January 10th.
NewMarket management is optimistic Regulation SHO will have a positive impact on mitigating one independent market dynamic that can constrain the Company's market capitalization growth in spite of significant revenue and shareholder equity growth. Previously, short position data has been difficult if not impossible to obtain. Now such information should be a matter of public record.
In practice, brokerage firms generally have to locate securities before accepting a short sale, a process known as affirmative determination. Brokerage firms also have to borrow a security or be able to provide it for delivery on demand on settlement date, three days after the transaction. If a firm cannot deliver the securities by settlement, the trade is considered failed. Such failed trades are supposed to be rectified promptly, but the industry has not been diligent in rectifying these failed trades or open short positions. Regulation SHO is intended to enforce the settlement of failed trades by providing rules, guidelines and potential trading penalties.
Mary Ann Bartels, global equity trading strategist at Merrill Lynch reports that Regulation SHO could result in higher borrowing costs and put upward pressure on threshold stocks. "Short interest as a percentage of float should become the more important ratio measure to determining stock potentially at risk of moving on to the threshold list," writes Bartels in her report published on Dec. 21, 2004. "A market impact could happen earlier than expected as potential threshold securities stocks could become more attractively traded in the beginning of the year as the market begins to anticipate future movements in these stocks."
NewMarket management intends to monitor the implementation of Regulation SHO and consolidate all related information as it pertains to NewMarket shareholders. Management supports the new SEC regulation and is optimistic the Regulation will help alleviate one dynamic that currently impairs trading in NewMarket's equity and delays the recognition by the markets of our revenue and shareholder equity growth.
Upgrade Exchange Listing
Today NewMarket is listed on the Over the Counter Bulletin Board Exchange (OTCBB). The OTCBB is an excellent exchange for enabling start-up and young companies to access capital to fund early development. However, management believes NewMarket is prepared to move to the next stage in corporate development and onto a next stage exchange.
Most institutional investors are prohibited by their own mandates from investing in OTCBB listed companies. Institutional investors typically buy and hold large blocks of stock which can provide stability to company's share price. As more stock is held by more institutional investors making up an increasingly larger percentage of the overall float, more stability in the share price can be expected.
NewMarket has recently submitted an application to the American Stock Exchange. NewMarket is qualified for the American Stock Exchange based on market capitalization and shareholder equity. According to the criteria of the program under which NewMarket has applied to the American Stock Exchange, share price standards are not a requirement. Alternatively, the program requires specific market capitalization and shareholder equity standards. Management has no plans to reverse split the NewMarket stock in order to meet a share price requirement.
Management is committed to moving NewMarket to a next stage exchange as a first step in beginning to attract institutional investors. We will keep shareholders apprised of our progress. Once we have succeeded in moving to a next stage exchange we will initiate a campaign to gain additional exposure with the institutional investment community and broaden our efforts with micro-cap mutual funds, money managers, financial newsletters and investment brokers.
NewMarket anticipates another tremendous year in 2005 of revenue and shareholder equity growth. In tandem with our efforts to minimize the independent market dynamics that pressured the growth in our market capitalization, we believe 2005 will be an exciting year for all shareholders. As always, thank you for your ongoing support.
Best Regards,
Philip Verges
CEO and Chairman
NewMarket Technology Inc.
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ISIN US6516271011
Kurs am 12.01.2005 0,48 €
Empfehlungskurs 0,50 €
Ziel 1,50 €
Stopp 0,38 €
KGV 2005e 12
Chance/Risiko 5/5
NewMarket Releases Shareholder Letter Regarding the First Month of Trading Under SEC Regulation SHO
DALLASNewMarket Technology, Inc.Rick Lutz, 404-261-1196ir@ipvoice.comwww.newmarkettechnology.comwww.ipvoice.com
UBS Capital Markets, Formerly Schwab Capital Markets, Largest Market Maker by Share Volume in NewMarket Technology Inc.
NewMarket Technology Inc. (OTCBB:NMKT) released a letter today to shareholders addressing the new SEC Regulation SHO. The letter is included in this press release.
Dear Fellow Shareholders,
The first month under Regulation SHO has just closed. This correspondence is in response to the numerous inquiries recently from shareholders regarding Regulation SHO as it might apply to NewMarket. Management is encouraged by the potential of Regulation SHO to limit trading volatility from irregular, excessive and improperly documented short sales and we have taken extra measures to contribute to the intent of Regulation SHO. Supervision of the new compliance requirements under Regulation SHO is a large undertaking for an already burdened SEC. We anticipate the market wide impact on irregular and excessive short sales to take a considerable amount of time. Accordingly, NewMarket has undertaken a pro-active effort to communicate with market participants active in the trading of NewMarket shares in regard to trading activity that could indicate potential violations of the new Regulation SHO.
Short selling itself is not illegal. However, the regulations associated with short selling are very specific. A short sale is the sale of a borrowed security. The new Regulation SHO clearly requires that the existence of the borrowed stock be documented prior to the execution of a short sale. Regulation SHO states, "The locate must be made and documented prior to effecting a short sale, regardless of whether the seller's short position may be closed out by purchasing securities in the same day."
Market makers are exempt from the uniform "locate" requirement in order to support a fluid trading environment. The broker dealer executing the order bears the "locate" responsibility. Market makers that are also broker dealers will be required to comply with the "locate" requirement as it applies to their broker dealer activity. Market makers are only exempt as it applies to bona-fide market making. If a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker loses the "locate" exemption.
In the interests of shareholders, NewMarket has initiated an effort to monitor daily trading. When a market maker's posted sales appear disproportionate with their posted purchases, we now initiate a written communication to the market maker to bring their attention to the potential of a "locate" violation. This is not a communication to direct or insinuate wrongdoing. On the contrary, our intention is to cooperate with market makers in an effort manage an efficient market in compliance with Regulation SHO. We recognize the fast-paced environment of the trading activity and we further recognize how in such an environment a market maker might be an unknowing conduit for short sales out of compliance with the new "locate" regulation.
In the last month we have sent correspondences to numerous market makers in regard to potential "locate" violations. We have sent several correspondences to the top four most active market makers by share volume. All market makers contacted, with the exception of UBS Capital Markets (SCHB), formerly know as Schwab Capital Markets, have responded. UBS Capital Markets was the largest market maker by volume in January at 32% of the 15 million shares traded. UBS Capital Markets has been the largest market maker in NewMarket stock by volume for the last three months. We recognize that UBS is one of the most active market makers in micro-cap trading and NewMarket is just one of many issues it trades, but we will continue in our communications to facilitate our genuine and sincere efforts to cooperate with the intent of Regulation SHO.
We will continue in our efforts to proactively support an efficient market and we will likewise continue to communicate with shareholders in our ongoing efforts.
Best Regards
Philip Verges
CEO and Chairman
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Soll aber im Rahmen der angekündigten Zahlen bleiben. Leider war mein Einstieg bei 0.61$ wohl doch zu früh. Da ich davon ausgehe/hoffe, dass sie ihre Prognose von 300% Wachstum einigermaßen einhalten, lege ich heute nach. Hoffe auf 0,50$. Kurs : Umsatz liegt jetzt bei ca. 1:1. Wenn sie verdreifachen und profitabel sind, müsste eigentlich der Kurs mitziehen - mittelfristig (ca. 1 Jahr). Wenn sie dann noch von otc wegkommen...
NewMarket Technology Inc. Files Annual Report Extension; Audited Financials to be Filed Next Week Will Show More Than 1000% Revenue Growth
DALLASNewMarket Technology, Inc.Investor RelationsRick Lutz, 404-261-1196ir@ipvoice.comwww.newmarkettechnology.comwww.ipvoice.com
Change of Auditor to Meet Sarbanes Oxley Regulatory Requirements Prompts Filing Delay
NewMarket Technology Inc. (OTCBB:NMKT) announced today the filing of an Annual Report Extension. Although the SEC Form 10KSB is due today, NewMarket will file an SEC Form 12b-25 to extend the filing period. The SEC Form 12b-25 includes an estimate of the Company's expected revenue and profit for 2004. NewMarket anticipates filing its Annual Report next week. The delay was necessary to accommodate a previously announced change of auditor. The change of auditor was necessary to meet Sarbanes Oxley rules requiring an audit partner change every five years. The auditor transition has been amicable and without conflict.
"We did not anticipate filing an extension of our annual report," said Philip Verges, CEO of NewMarket Technology Inc. "The Sarbanes Oxley rules are not yet routine and the requirement to change auditors was not forecasted. With the five acquisitions and two affiliate investments closed on during 2004, our new auditors have informed us that a few more days would be required before filing. Nevertheless, we do expect to have the annual report filed next week. We also expect the annual revenue and annual profit in the audited financials to be consistent with our previously announced forecasts as the extension filing includes the 2004 estimated revenue and profit."
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NewMarket Technology Inc. Announces Completion of 2004 Audit Reporting $24.9 Million in Revenue with $574,000 Net Profit; SEC Form 10KSB to Be Filed By April 13, 2005
DALLAS--(BUSINESS WIRE)--April 13, 2005--
$12 Million 2005 Revenue Forecasted for Combined Operations;
Philip Verges Joins DFTS Board of Directors
Defense Technology Systems (OTCBB:DFTS) announced today the closing of the acquisition of a majority interest in DCI Corporation from NewMarket Technology, Inc. (OTCBB:NMKT). Defense Technology Systems has acquired the majority interest in NewMarket's Homeland Security subsidiary in exchange for $6 million in Defense Technology preferred stock. Defense Technology's 2005 revenue forecast for the combined operations is $12 Million, with $8 million expected as a result of the DCI acquisition. Additionally, Philip Verges, Chairman and CEO of NewMarket has joined the DFTS Board of Directors.
DCI is a leading edge technology company with over 15 years of experience in engineering specialized hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. DCI's experience has led them to become a respected Homeland Security solution provider with a host of innovative proprietary technologies. DCI's "Predator" mobile data terminal is currently being utilized by several emergency response departments domestically and internationally.
Daniel McPhee, CEO of Defense Technology Systems, said, "We are excited about consummating the acquisition of DCI. This business combination offers both companies synergies within the Homeland Security sector. DCI will provide DFTS with an established revenue stream and the opportunity to cross sell our video surveillance and infrastructure security products. In turn, DFTS's reputation and expertise in the security field can facilitate DCI's penetration into the private enterprise markets."
About Defense Technology Systems, Inc.
Defense Technology Systems, Inc. is an international provider of data and security solutions with two operating divisions.
The Company's DWS Defense Systems division was created in response to growing international security concerns. DWS offers a broad portfolio of security-related products, including ballistic glass, video surveillance, infrastructure security and associated security systems, The highly skilled DWS Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace.
The Company's Data division is a multi-regional manufacturer of electronic cable assemblies used in providing connectivity solutions for customers operating a wide range of data systems to include linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer equipment configurations and requirements. The Data division adds value by providing connectivity solutions, which may also include distributed sales of passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components including hubs, bridges, routers, gateways and modems.
For more information on Defense Technology Systems, Inc. visit: www.defensetechnologysystems.com.
DCI Corporation information is available at www.dci-corp.com.
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.
CONTACT: Defense Technology Systems, Inc.Rick Lutz, 404-261-1196
LCGroup@mindspring.com
SOURCE: Defense Technology Systems
DALLAS--(BUSINESS WIRE)--April 13, 2005--
NewMarket Innovative Business Model Offering Regular
Shareholder Dividends Gains Traction; 1,000% Growth in 2004
and $75 Million in Revenue Forecasted in 2005
NewMarket Technology Inc. (OTCBB:NMKT) released today its Annual Report, SEC Form 10KSB. The Company met an aggressive revenue forecast growing 1,000% from $2.3 million in 2003 to $24.9 million in 2004. After making substantial strategic investments in the beginning of the year to grow the Company which resulted in the Company posting losses in the first and second quarters of 2004, the Company forecasted only breaking even for the year. Our Fourth Quarter was strong enough to exceed that expectation with a net profit of $574,087 for the year. This substantial sales growth is due to both the acquisition of existing business operations as well as the organic sales growth of those business operations after their acquisition.
As of December 31, 2004, the Company has cash of $2,555,907 and a working capital surplus of $2,198,905. Total shareholder's equity increased 350% from $4.9 million in 2003 to $17.1 million in 2004.
"NewMarket has come a long way in 2004," commented Philip Verges, CEO and Chairman. "The revenue and profit growth are exciting, but the balance sheet growth to $17.1 million in shareholder equity is even more important to our business model. Our shareholder equity is growing through our acquisitions of emerging technology companies and our ability to subsequently grow those acquired companies. NewMarket will begin this year to monetize that shareholder equity by issuing stock in our acquired companies to shareholders through the declaration of multiple shareholder dividends. We believe this strategy to monetize our balance sheet growth by issuing marketable securities to our shareholders will set NewMarket apart from all other companies participating in the emerging technology market."
Company Maintains First Quarter 2005 Revenue Forecast of $10 Million and $75 Million For 2005 Fiscal Year
After meeting the Company's forecast for 2004 revenue and profitability, the Company reiterates its confidence in the previously announced revenue forecast of $10 million for the First Quarter and $75 million for 2005.
NewMarket Dividend Strategy
The Company plans to declare its first dividend and issue stock in Defense Technology Systems (OTCBB:DFTS) to shareholders in conjunction with the recent sale of the Company's DCI Corporation subsidiary to Defense Technology Systems. Verges will join the Board of Directors of Defense Technology Systems and NewMarket will play a key role in an aggressive growth strategy with Defense Technology Systems. NewMarket expects to execute on two additional dividends to shareholders this year through the issuance of two more marketable securities.
NewMarket Technology Inc. Releases Update on 2005 Strategy to Reach $75M in Revenue After Reporting Growth from $2.3M in 2003 to Profitable $24.9M in 2004
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Friday April 7, 9:52 am ET
Management Reviews Fiscal Year 2005 of $50.1 Million in Revenue with $2.9 Million Profit and Probability of Increase in 2006 Revenue Growth Forecast !
http://biz.yahoo.com/bw/060407/20060407005320.html?.v=1
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