To: Win-Lose-Draw who wrote (4025 ) 7/21/2004 12:03:28 PM From: Arcane Lore Read Replies (1) | Respond to of 12465 [IPVO/NMKT] Press Release Source: NewMarket Technology Inc. NewMarket Technology Inc: New Name, New Symbol, New CUSIP Monday July 19, 11:07 am ET Setting Standard in High-Tech Micro-Cap Market While Defending Shareholder Value From Suspicious Trading CEO Reaffirms 2004 Forecast for $50 Million in Annualized Revenue and $20 Million in Booked Revenue; Encourages Shareholders to Request Paper Certificates DALLAS--(BUSINESS WIRE)--July 19, 2004-- NewMarket Technology Inc. (OTCBB:NMKT - News) today released a letter to shareholders to introduce the recent NewMarket name change and corresponding symbol change on the OTCBB. The letter reaffirms the 2004 corporate plan to achieve $50 million in annualized revenue and updates shareholders on recent progress to identify and act against specific illegal trading activity. The letter is included in this press release in its entirety. Dear Fellow Shareholders, On Friday, July 16, the OTCBB Exchange changed our ticker symbol to reflect our recent Corporate name change from IPVoice Communications Inc. (OTCBB:IPVO - News) to NewMarket Technology Inc. (OTCBB:NMKT - News). The name change has been part of our overall long-term plan to expand our business model to include Internet technologies beyond just VoIP. However, we may get more benefit from this name change than just re-branding our expanded business model. As shareholders you all own stock, though most of you have never seen a stock certificate. You have an electronic report in the form of your account statement that reflects your stock ownership. Some of you may not realize that paper certificates even exist, but they do. The Depository Trust Company (DTC) is charged with the responsibility of insuring that your electronic report of stock ownership corresponds to an actual paper stock certificate representing shares owned. This is no easy task, given the high volume of daily trades, let alone the fact that a single share may trade hands multiple times in any given hour. Introduce the practice of short selling and the correlation of electronic certificates to paper certificates arguably becomes almost an impossibility. I am sure many of you understand naked short selling practices, but some of you may not be familiar with the strategy. Naked short selling is simply the sale of a share that does not exist in hopes that the price will go down allowing the short seller to buy stock at a lower price to fill his short order. In the event of a short sale, there are more electronic certificates than paper certificates until the short seller buys stock to fill their short sale. If the stock price goes up, the short seller loses money, just like you may lose money if you bought stock and the price goes down. Short selling, within certain rules, is not illegal. However, when a short seller coordinates his efforts with posting false claims about Company operations on the Terra Lycos Raging Bull online bulletin board, then a law has been broken. Such a short seller is attempting to manipulate the share price down in order to benefit from their short sale. We have tracked many Raging Bull posters and we have discovered individuals employed by investment banking firms. We are taking action accordingly and will continue in our efforts to track other suspicious Raging Bull posters. Some short sellers never intend to buy stock to fill their short sales. Technically, to sell a share short a share must first be borrowed so that in the event the share price goes up, the borrowed share can be collected to fill the short order. Naked short sellers take advantage of foreign brokers outside the close scrutiny of United States regulators to borrow against shares that might not exist in order to make short sales. This is where the Berlin Stock Exchange may be an issue. The Berlin Stock Exchange has been very uncooperative in working with us to mitigate the potential of any issue. The Berlin Exchange has recognized in writing the ability for their Exchange to be utilized to support naked short selling in the United States, but has nevertheless refused our repeated requests to be de-listed in what they believe to be the best interest of German shareholders. We have made an offer to coordinate a purchase of all stock traded on the Berlin Exchange and ostensibly held by German shareholders in combination with a de-listing of our stock on the Berlin Exchange. The Berlin Stock Exchange has not taken our offer. We have engaged German legal representation and will take the necessary legal actions. What can we do in addition to pursuing message board posters and the Berlin Stock exchange in court? Request your broker to send you the paper certificates for your stock. This will force a reconciliation of paper and electronic certificates and uncover any open short positions so that regulators can deal with the naked shorters accordingly. With the name change and ticker symbol change, new paper stock has been created with a new CUSIP number. CUSIP stands for Committee on Uniform Securities Identification Procedures. A CUSIP number identifies stocks of all registered U.S. and Canadian companies. The CUSIP system is owned by the American Bankers Association and operated by Standard & Poor's. Technically, all existing paper certificates, either in a safe at the DTC or in a safe at your broker's, should be exchanged for a new paper certificate with the new CUSIP number. The exchange of all old paper certificates for new paper certificates would effect a reconciliation of all paper certificates with all electronic certificates and all short positions would be uncovered. This process however is not well regulated. By each legitimate shareholder demanding a paper certificate, the electronic reconciliation can be essentially effected by shareholder mandate. Do not let your broker deny you the right to "order out" a stock certificate. You may find resistance from your broker when you make this request. You have the right to receive paper certificates. Do not take no for an answer. An artificial supply of Company stock may be the cause of our recent share price decline. Basic economics tells us if supply is plentiful, then the price declines. However, if through an electronic share reconciliation we discover that the supply is truly artificial and that actually a scarcity of stock exists, then basic economics will work to increase the share price. Please do not hesitate to contact the Company with any questions regarding a request for a paper certificate. We also want to hear about any resistance you encounter in your request. While we are working diligently to manage the current suspicious trading activity, the majority of our time is dedicated to continuing to grow the Company accordingly to plan. We recently announced a $1 million dollar organic sales contract and anticipate closing similar deals in the near future. We are beginning to realize notable sales traction with an improved opportunity to sign larger contracts. We are closing the books for the second quarter now and will announce the second quarter results and the forecast for the balance of 2004 in early August. We are on track to meet our corporate goal of an annual revenue run rate of $50 million by year end with $20 million in booked revenue. In spite of the recent suspicious stock trading activity, the Company is in better operational condition then ever. Thank you for your ongoing support. Philip Verges CEO NewMarket Technology Inc. About NewMarket Technology Inc. (www.newmarkettechnology.com) In 2002, NewMarket (formerly IPVoice Communications Inc.) launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2003, NewMarket acquired Infotel Technologies in Singapore and IP Global Voice, led by CEO Peter Geddis, a former Executive Vice President and Chief Operating Officer of Qwest Communications (NYSE:Q - News). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela, was also recently acquired as NewMarket's entry into the Latin American market. 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 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. -------------------------------------------------------------------------------- Contact: NewMarket Technology, Inc., Dallas Investor Relations, 972-386-3372 ext. 211 ir@ipvoice.com www.newmarkettechnology.com www.ipvoice.com or LC Group Rick Lutz, 404-261-1196 lcgroup@mindspring.com -------------------------------------------------------------------------------- Source: NewMarket Technology Inc.biz.yahoo.com