United States : NewMarket Technology's RKM Signs $1.2 Million Microsoft Licensing Contract With Banco Federal.Byline: pinto03 NewMarket Technology, Inc. (PINKSHEETS: NWMT NWMT Not Worth My Time ) today announced the Company's subsidiary RKM RKM - Rom Kernel Manual has completed the sale of $1.2 million Microsoft corporate license to Banco Federal (www.bancofederal.com). The revenue from the contract will be recognized over the next three years. NewMarket and its subsidiaries are focused on turning short-term, project-based contracts into long-term managed services contracts to support their recurring revenue business. RKM is a Microsoft Large Account Reseller (LAR) and Enterprise Software Advisor (ESA 1. (architecture) ESA - Enterprise Systems Architecture. 2. (body) ESA - European Space Agency. ) in Latin America and received the prestigious Associate of the Year in Advanced Infrastructure Solutions award at FOCUS 2009. Mid-Market and corporate customers in Latin America seek out the services of LAR/ESAs when implementing large Microsoft-based IT projects. Through this partnership with Microsoft, RKM offers high volume licensing, specifically "Enterprise Agreement" (EA) and "Select" for companies with more than 250 PCs 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 to large enterprises and institutional customers. $1.00 - $2.50 Share Price Potential NewMarket recently announced a ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors change from NMKT to OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : NWMT. The change reflects a substantial step forward in the Company's overall plan to align what management believes is an undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. price per share with the Company's otherwise strong fundamental financial performance. NewMarket recently released an exclusive on-demand Webcast to review the Company's positive operating income for the previous three years and revenue growth from approximately $78 million in 2006 to $95 million in 2008. The focus of the Webcast is to present the potential for the share price to increase from the recent recapitalized price per share of $0.45 to $1.00 and as high as $2.50. The price per share potential is suggested in conjunction with the presentation of the market capitalization values of comparative public companies. The presentation includes an outlook on the anticipated profitable revenue increase in 2009. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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