Defense Technology Systems, Inc. Announces Plan To Acquire Homeland Security Operations of NewMarket Technologies.HAUPPAUGE, N.Y. -- NewMarket CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Philip Verges To Be Added To Defense Technology Board NewMarket Technology, Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NMKT) and Defense Technology Systems (OTCBB: DFTS DFTS Defence Fixed Telecommunications Service DFTS Directory File Transfer System (Owl Computing Technologies) DFTS Dual-Queue, Fifo, Timeout, Statistical TDM Scheme ) today announced a Letter of Intent to combine their respective Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States businesses under Defense Technology Systems in a transaction under which Defense Technology will acquire a majority interest in NewMarket Technology's Homeland Security subsidiary. As part of this transaction, NewMarket CEO Philip Verges will join the Defense Technology Systems Board of Directors. "NewMarket's proprietary Homeland Security technology is impressive and very complimentary to our current product line," said Daniel McPhee, CEO of Defense Technology. "This combination is an important step in our continuing plan to build a comprehensive unique Homeland Security product line through the acquisition of additional proprietary Homeland Security technology companies. Adding Philip Verges to our board, given his success at NewMarket building proprietary technology portfolios through acquisition, we believe will accelerate our ability to build a robust Homeland Security product line. We believe Mr. Verges' background and contacts as a graduate of the United States Military Academy United States Military Academy, at West Point, N.Y.; for training young men and women to be officers in the U.S. army; founded and opened in 1802. The original act provided that the Corps of Engineers stationed at West Point should constitute a military academy, but at West Point will also benefit DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. . We anticipate finalizing the transaction and releasing more details to the shareholders of both companies to include 2005 financial forecasts." "Defense Technology has begun to assemble a compelling Homeland Security product line and we believe our Homeland Security operation will add a number of proprietary technologies that accelerate the overall development of a unique Homeland Security offering," said Philip Verges CEO of NewMarket. "Our Homeland Security business has developed well over the past year winning a number of million dollar defense subcontracts and city government contracts. Within a dedicated publicly listed Homeland Security operation, I am confident that the combination of our Homeland Security business with DTS will result in increased growth in 2005." 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 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 A group of sockets used to connect incoming and outgoing lines in communications and electronic systems. Patch panels allow for manually wiring the connections with small cables (patch cords), rather than automatic switching. , and active components including hubs, bridges, routers, gateways and modems. The DWS DWS Dallas Wind Symphony (Dallas, TX) DWS Department of Workforce Services (Wyoming) DWS Division of Workforce Solutions (Wisconsin) DWS Driving While Suspended Defense Systems division was created in response to growing international security concerns. DWS offers a broad portfolio of security-related products, including ballistic glass and associated security systems, and the only Security Portal certified for Ballistics ballistics (bəlĭs`tĭks), science of projectiles. Interior ballistics deals with the propulsion and the motion of a projectile within a gun or firing device. and Forced Entry by the U.S. Department of State. 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. For more information on Defense Technology Systems, Inc. visit: www.dwsdefense.com and www.dataworlddirect.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 annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. $15 million in revenue. In 2004, the Company diversified its communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. through the acquisitions of Infotel Technologies in Singapore and RKM RKM - Rom Kernel Manual IT Solutions of Caracas, Venezuela. NewMarket 3rd Annual Shareholder Town Hall Meeting Those interested in attending the NewMarket Technology 3rd Annual Shareholder Town Hall Meeting on December 9th at the Westin Galleria Hotel in Dallas can contact Jessica Burnett at 972-386-3372 ext. 3063 or at jburnett@newmarkettechnology.com for more information. An updated Powerpoint presentation on NewMarket Technology is available by request at ir@ipvoice.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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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