NewMarket Technology Inc. Updates Homeland Security Strategy; Defense Technology Inc. Announces New CEO Russell Medina.DALLAS -- NewMarket and Defense Technology to Concentrate on 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 Solutions for Municipalities and Developing Economic Allies NewMarket Technology Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NMKT) today announced that its affiliate Defense Technology Systems Inc. (OTCBB:DFTS DFTS Defence Fixed Telecommunications Service DFTS Directory File Transfer System (Owl Computing Technologies) DFTS Dual-Queue, Fifo, Timeout, Statistical TDM Scheme ) has appointed Russell Medina as the new Chief Executive Officer. Mr. Medina's appointment represents another landmark event in Defense Technology's rebuilding and repositioning as a Homeland Security Innovator. Mr. Medina will also join the Defense Technology Board of Directors. Mr. Medina has consulted with NewMarket Technology Inc. over the last two years and was instrumental in the development of NewMarket's Homeland Security strategy that led to the combination of NewMarket and Defense Technology's Homeland Security operations earlier this year. Revenue from this acquisition will be reflected in Defense Technology's upcoming Annual Report filing. Mr. Medina brings a wealth of defense industry experience to the Company as a retired career Army Officer and 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, N.Y. His distinguished military career is highlighted by his experience procuring special systems for various projects with the Department of Defense (DoD) that included integration with all military services, as well as other government agencies. His military experience in battlefield communications led him to a successful post-military telecommunications career concentrated in the introduction of new products and services. Mr. Medina has 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. experience with an emphasis in early financing of new business ventures. "Mr. Medina is the right choice to lead Defense Technology Systems' repositioning as a Homeland Security Innovator," said Dan McPhee, the outgoing CEO. "His military systems experience combined with his background in high growth new ventures is the right set of skills to lead Defense Technology in its next stage of development and growth." "I am excited to join Defense Technology's team," said Mr. Medina. "The terrorist threat has changed defense strategies and the defense system requirements To be used efficiently, all computer software needs certain hardware components or other software resources to be present on a computer system. These pre-requisites are known as (computer) system requirements and are often used as a guideline as opposed to an absolute rule. to support new strategies. A need for a nimble defense technology innovator has arisen. The Defense Technology team has identified and repositioned for that need. I have the good fortune of coming into a business already poised for rapid growth." About Defense Technology Systems, Inc. The Company has recently implemented a revitalization and redirection plan to leverage its experience in providing digital communication infrastructure solutions to Fortune 1000 companies and expand into providing overall Homeland Security solutions to major metropolitan municipalities. To accelerate the plan, Defense Technology earlier this year acquired a majority interest in an established defense engineering firm with 20 years of experience and a portfolio of proprietary technologies. The acquired company is a leading edge technology company specialized in engineering hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. In the acquisition, Defense Technology also established a strategic equity partnership with NewMarket Technology Inc. (OTCBB:NMKT) expected to accelerate organic sales growth of Defense Technologies products. Management intends to expand its Homeland Security product portfolio through further acquisition. For more information on Defense Technology Systems, Inc. visit: www.DefenseTechnologySystems.com. About NewMarket Technology Inc. (www.newmarkettechnology.com) NewMarket Technology Inc. is a Systems Innovation Company. 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 to include Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ) and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ). At the same time, 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends. 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion