Archive for the ‘NewMarket Technology Inc. NMKT’ Category

Microsoft Signs on with NewMarket Technology, Inc. (NMKT.OB) For South American Contract

Thursday, September 11th, 2008

NewMarket Technology, Inc. (OTCBB: NMKT) announced its regional subsidiary, RKM IT Solutions, has been contracted by Microsoft to install and operate its System Center. RKM IT will install and implement the virtual and physical System Center IT environment for an unnamed petrochemical company in Venezuela.

RKM IT is already an established presence in the South American company. It is Microsoft’s fourth largest account reseller and an Enterprise Software Advisor throughout the continent for corporate clients with 250 PCs or more. NewMarket itself provides certified systems integration, maintenance and support services for standards from Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel, Sun Microsystems and more.

In a news release, the company stated it has grown to more than $50 million in 2005 profitable revenue, up from less than a $1 million in 2001. In 2007 the company reported $93.1 million in revenue, with a net income of $7.3 million.

In Latin America alone, NewMarket had $12.6 million in profitable revenue in the first 6 months of the year. In growth terms, NewMarket ranked #1 in Texas, #3 in the United States and #5 in North America on Deloitte’s latest 2006 Technology Fast 500, a ranking of technology, media, telecommunications and life sciences companies.

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NewMarket Technology Inc. (NMKT.OB) Releases Latest Financial Report

Wednesday, August 20th, 2008

NewMarket Technology Inc. (NMKT.OB) is a systems integrator of name brand products from companies such as Microsoft and Oracle. NewMarketTechnology has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assist its clients in the balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.

NewMarket Technology provides emerging technologies in a variety of market sectors including VoIP, broadband, network security, municipal Wi-Fi, and healthcare. The company provides their services to companies in the US and also in rapidly growing emerging markets such as Brazil and China. NewMarket is a rare example of a multinational micro-cap firm that is benefitting substantially from propagating their business plan globally.

NewMarket announced their latest financial report on August 20, 2008. For the 2nd quarter 2008, the company increased their revenues by 4%, versus the same period last year, to $22.8 million. The company’s net income rose by 43%, versus the same period last year, to $843,000. The figures for the first six months of 2008 were also solid. Revenues rose by 9% to $43.7 million, while net income rose by 71%. Management indicated that the company is on track to meet or exceed its 2008 revenue forecast of $120 million.

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NewMarket Technology, Inc. (NMKT.OB) Releases CEO Shareholder Letter Discussing Managed Services, Debt Reduction and Management Realignment

Friday, June 20th, 2008

After watching his stock slide to half its value in the last month, NewMarket CEO Philip Verges was probably puzzled. He had a month of good press. He’d put out good news time and again; $4M in sales to Movistar, plans for $100M in recurring revenue, long term contracts, appearing at conferences and the like. So why was the stock taking a hit?

One might speculate that it was due to general consumer confidence, or lack thereof, and all stocks suffered somewhat during that period, but this is not the case. As always, even during dour economic times, we have stocks that do well and stocks that do not, primarily based on their fundamentals.

In light of these things, it makes sense that Philiip Verges would conclude that shareholders had misunderstood his prior communications, in addition to questions received at the company’s headquarters. So Verges wrote a press release, which basically describes the 3 strategic areas where New Market is focusing. It remains to be seen whether this clarification improves the stock price of New Market or not.

To view the complete press release, please visit the following link: http://biz.yahoo.com/iw/080619/0408986.html

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Beacon Equity Research Featured Company: NewMarket Technology, Inc. (NMKT.OB)

Thursday, February 28th, 2008

NewMarket Technology, Inc. (NMKT.OB) provides systems integration, emerging technology and technology infrastructure services throughout the world. The Company has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with a 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. Their portfolio of services includes support for technologies from providers such as SAP, Oracle, Microsoft, Hyperion, BANN, Sun, Cisco, Siebel, SSA Global and iPass. 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 5 on the 2006 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. The Company has achieved four years of rapid, profitable growth from under $1 million in revenue in 2003 to over $50 million in 2005. New Market’s customers include small and medium-sized companies, large corporations, service providers and government agencies within North America, Asia, and Latin America.

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NewMarket Technology, Inc (NMKT.OB) Announces Anticipated Increased Revenues

Monday, January 28th, 2008

NewMarket Technology, Inc (NMKT.OB) announced that the company will be adding Mobile Computing Solution products to their current product portfolio. Specifically, these products will consist of mobile software, mobile security and mobile access products. NewMarket anticipates an additional $20 million in sales during the year 2008 resulting from their new Mobile Computing Solution offering, pushing total revenue past the $100 million mark.

The Mobile Computing Industry includes mobile application and security software used on devices such as handheld computers, PDAs, smartphones and cell phones. The demand for mobile software applications is being driven by the growing penetration of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. According to IDC, the worldwide mobile phone market reached a new milestone at the close of 2006 with more than one billion units shipped worldwide over the year.

Romon Llamas, a leading research analyst, stated, “Emerging markets contributed to the high volume sales. It was not long ago that shipments into mature markets, including Japan, North America and Western Europe, consumed the majority of devices shipped worldwide. More recently, however, device shipments into emerging economies in Asia/Pacific, Central and Eastern Europe, the Middle East, Africa and Latin America have surpassed shipments to mature markets, and the difference between the two continues to grow.”

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NewMarket China, Inc. (NMCHE.OB) Rated “Speculative Buy” by Beacon Equity Research

Friday, June 8th, 2007

NewMarket Technology, Inc. (NMKT.OB) reports that its first independently listed subsidiary, NewMarket China, Inc. (NMCHE.OB) this week was rated by Beacon Equity Research as a “Speculative Buy” with a target price per share of $1.10.

 
In the fourth quarter of 2006, NewMarket Technology reorganized its previously existing Chinese business operation into the publicly listed NewMarket China. Recently, the company filed its first annual report following the reorganization, reporting $29.5 million in revenue with a profit for fiscal year 2006. NewMarket China has also set 2007 revenue goals of $40 million.

The NewMarket China research report can be found in its entirety at www.beaconequityresearch.com

In addition, the NewMarket Technology Research Report reflecting a Target Price of $0.88 and Rating of “Outperform” can also be found at beaconequityresearch.com.

The NewMarket report highlights the Company’s rapid growth to $77.6 million in revenues and $4 million in net income for 2006. NewMarket Technology has forecasted revenue for 2007 of $120 million.

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Beacon Equity Research Upgrades NewMarket Technology (NMKT.OB) Target Price

Thursday, May 31st, 2007

Beacon Equity Research has raised NewMarket Technology’s target price to $0.88 and issued an “Outperform” rating. The analyst commented, “NewMarket Technology, Inc. provides software solutions to the Internet telephony industry. It is an emerging technology incubator for the next generation of tech companies, providing consulting and computer programming services mainly to the telecom industry.”

NewMarket Technology helps their customers stand out from the competition by offering the latest in technology innovation. The company offers traditional systems integration, software development and support services coupled with emerging technologies.

With an experienced management team and solid business plan, the company is expected to generate revenues in abundance of $120 million in 2007, and sustain the rapid growth into 2008 and beyond.

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