NewMarket Technology, Inc. and Intercell International Corporation Announce China Trade Mission for Software Development Executives and High Tech Investors.DALLAS -- Delegates to Visit Telecom Acquisition Candidate and Explore Chinese Entertainment Content License Opportunity for Distribution through Multiband NewMarket Technology, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NMKT) and Intercell International Corporation (OTCBB:IICPQ) today announced a Trade Mission to China. Twenty software development executives and high tech investors departed on a ten day trip to visit NewMarket's operations in Shanghai and Beijing. The purpose of the trade mission is to generate software development and maintenance contracts to be serviced from NewMarket's operations in China. NewMarket Technology has forecasted over $20 million in revenue from its operations in China for the fiscal year 2006. Recently, NewMarket Technology announced the reorganization of its China operations into Intercell International. The reorganization agreements exchange 2 million shares of Intercell common stock for one hundred percent (100%) of the issued and outstanding of NewMarket China. Management of NewMarket Technology will change the name of Intercell to NewMarket China after completion of the transactions. The preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. purchase agreement provides NewMarket Technology with preferred stock that represents sixty percent (60%) ownership of Intercell with dilution protection Dilution protection Standard provision that changes the conversion ratio in the case of a stock dividend or extraordinary distribution to avoid dilution of a convertible bondholder's potential equity position. . A second class of preferred stock will represent twenty percent (20%) ownership of Intercell, but will not include dilution protection. The recipients of the second class of stock has provided past private debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay to NewMarket China to fund initial business development in China. The finalization of all terms of the agreement and related agreements will result in the public listing of NewMarket China. Significantly, the agreements result in Intercell becoming a majority owned subsidiary of NewMarket Technology. NewMarket China has contributed approximately $10 million in revenue to NewMarket Technology's consolidated year to date of $34.2 million in profitable revenue. The trade mission agenda includes introducing delegates to a telecommunications acquisition target. NewMarket has identified the telecommunications support service market as a primary emerging technology market for acquisition and growth. The trade mission delegates will also be involved in NewMarket's ongoing development of a Chinese entertainment content licensing opportunity. NewMarket has been working to develop an opportunity to distribute Chinese language entertainment in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. enabled by a proprietary Internet protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. 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 . NewMarket recently announced a strategic relationship with Multiband Corporation (NasdaqCM:MBND) that could play prominently in this licensing initiative. About Multiband Corporation (www.multibandusa.com) Multiband Corporation, formerly Vicom, Incorporated, formed in 1975, provides voice, data and video systems and services to multiple dwelling units (MDUs), including apartment buildings and time share resorts. The Company's products and services are sold to clients located throughout the United Sates. Multiband, with locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , has subscriber concentrations in California, Colorado, Illinois, Texas, Florida, Minnesota, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Multiband has offices in Fargo, Minneapolis, Rochester, Los Angeles, Chicago, New York and Tampa. Multiband is an exclusive DIRECTV Master System Operator and one of the largest providers of DIRECTV Services to apartments, lodging, hospitality locations, restaurants and timeshare resorts in the United States. About NewMarket Technology Inc. (www.newmarkettechnology.com) NewMarket has combined a traditional systems integration and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services capacity with a specialized asset-based approach to assisting its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations. NewMarket provides certified integration and maintenance services to support the prevailing industry standard solutions. 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 ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005. "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT" UNDER 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 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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