Wallst.net Interviews NewMarket Technology Inc. CEO Verges; Discusses Watershed Cash Acquisition of Brazilian Tech Firm with $14 Million in 2005 Revenue.DALLAS -- Company Begins Reduction of Fully Diluted Stock Overhang after Three Years of Growth from $2 Million to $50 Million in Revenue Leveraging Stock to Acquire Assets NewMarket Technology Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NMKT) announces 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. interview by Wallst.net. The interview can be heard at http://www.wallst.net/audio/audio.asp. Philip Verges was interviewed following the Company's announcement of executing an agreement to acquire UniOne in Sao Paulo, Brazil with $14 million in profitable 2005 revenue. The acquisition is an all cash transaction to be paid over the next four years with the final payment amount dependent upon future financial performance. No stock has been issued for this transaction and no future issuance of stock is anticipated. The all cash acquisition is the first step in a concerted plan to reduce the Company's fully diluted issued and outstanding. In the interview, Philip Verges discusses the Company's plan to substantially reduce, if not totally eliminate, all 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. issued over the last three years to raise capital and acquire assets. The acquisition demonstrates the Company's operational sustainability, flexibility and momentum to grow without continued stock issuance for working capital. The fully diluted issued and outstanding reduction will be achieved by exchanging preferred stock in NewMarket for securities in NewMarket subsidiaries. The Company intends to complete and disclose the reduced fully diluted issued and outstanding in the upcoming annual report. NewMarket's corporate mission is to evolve the technology industry research and development (R&D) paradigm. Today, NewMarket's business model complements the corporate R&D department. In time, NewMarket plans to change the overall corporate R&D function with brand name technology companies utilizing vendor partner firms, such as NewMarket, for product innovation. NewMarket resells and integrates the products of brand name technology companies such as 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 ), 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 ) 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) ). NewMarket also sells and integrates pilot solutions from its own line of proprietary technologies that complement the solutions from Cisco, Microsoft and Sun. These pilot projects help refine the eventual production version of the proprietary emerging technologies that could offer new features and improvements to be integrated into the next release of Cisco, Microsoft and Sun's product lines. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies 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. . Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period. About WallSt.net (www.wallst.net) www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . 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), Cisco Systems (Nasdaq:CSCO) and Sun Microsystems (Nasdaq:SUNW). 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, 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 and Financial Services 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. NewMarket recently announced that it ranked Number 13 on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on the percentage of revenue growth over five years from 2000-2004. NewMarket's revenue increased 18,082 percent during this period. 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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