NewMarket Technology, Inc. Announces Shareholder Town Hall Meeting for Independently Listed Chinese Subsidiary With $20 Million Annual Revenue
Market Wire - October 11, 2006 10:27 AM ET
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NewMarket Technology, Inc. (OTCBB: NMKT) today announced a shareholder town hall meeting specifically for its Chinese subsidiary. The meeting will be held November 16, 2006, in Denver, Colorado.
As previously announced, the shareholder town hall meeting for the parent Company, NewMarket Technology, is scheduled for December 7, 2006. The agenda and details for the NewMarket Technology town hall meeting will be announced next week, which will include discussions of the business plan for 2007 to build revenue to $120 million, as well as the recently announced letter of intent (LOI) with Action Products International, Inc. (NASDAQ: APII) that was announced yesterday. Reference press release: biz.yahoo.com
NewMarket China, Inc.
NewMarket has launched and grown a subsidiary operation in China over the last two years. The Chinese subsidiary is anticipated to produce over $20 million in annual revenue in fiscal year 2006. NewMarket recently announced a pending transaction that will result in the independent public listing of its Chinese subsidiary. The Chinese operation will remain a consolidated, majority owned subsidiary of NewMarket even though it will now have an independent public listing. The independent public listing is part of an overall plan to incubate new technology products and services and to eventually distribute stock in the independently listed new product and service companies to NewMarket shareholders.
Intercell International, Inc.
NewMarket has previously announced a two part transaction to acquire a majority interest in Intercell International, Inc. and reorganize the NewMarket Chinese subsidiary into Intercell. The agreements related to the pending transaction have been filed in SEC Form 8-K information statements. The completion of the transaction is expected shortly. Intercell is headquartered in Denver, Colorado and the shareholder town hall meeting has been scheduled to accommodate a concentration of existing Intercell shareholders in that region.
Intercell or NewMarket shareholders interested in attending should contact Whitney Marks at wmarks@newmarkettechnology.com or 214-722-3052 to obtain information on the shareholder meeting time and venue.
All interested investors and shareholders of Intercell and NewMarket Technology are encouraged to request being added to the investor database for press releases and industry specific news distribution. Please send an e-mail to ir@newmarkettechnology.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 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, Cisco Systems, Hyperion Solutions and SAP. 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 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 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. The financial results achieved have been three years of rapid, profitable growth from $2.3 million in revenue in 2003 to over $50 million in 2005.
About Action Products International, Inc.
Action Products International, Inc. (APII), based in Orlando, Florida, is a toy manufacturer, emphasizing educational and positive play brands, including JAY JAY THE JET PLANE Wooden Adventure System, the I DIG(R) series, Space Voyagers(R), "The most authentic Space Toys on the Earth," ToddWorld(TM) soft play toys, Climb@Tron(TM) window-climbing robots, Curiosity Kits(R) and IMADETHAT(TM). Its products are marketed and sold to toy stores, specialty retailers, Internet retailers, museums, zoos, theme parks, attractions, catalog companies and education markets in the United States and worldwide.
Visit the Company's web sites at www.apii.com and www.curiositykits.com
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT 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.
Contact:
NewMarket Technology, Inc.
Rick Lutz
Investor Relations
404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
SOURCE: NewMarket Technology, Inc.
mailto:ir@newmarkettechnology.com
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