***[CORRECTION --> NewMarket Technology (NMKT) (NMKT.OB) did not lose 74% on Monday as previously stated. In fact it appears to have only traded slightly lower and closed at $0.20. The 74% amount was from a third-party web site. Another third-party website showed a 69% decline.] 370,344 shares changed hands. NMKT stock annual high is $0.45 and its annual low is $0.18.
NMKT is described as an information technology company offering telecom services including VoIP. See its NewMarket's website.
NMKT reported revenue of $77.64 million in 2006 and net income of $5.89 million. Net income was almost double what it earned in 2005. Sales were up 54%. In the first nine months of 2007 NMKT has revenue of around $63.5 million and net income of about $2.8 million.
NMKT doesn't have a warning label at PinkSheets.com, but is labeled as dually-listed on the Pink Sheets an OTCBB.
NMKT stock spam email subject: "Listen to this compelling Webcast"
NewMarket Technology (NMKT) (NMKT.OB) stock spam email -->
NewMarket Technology, Inc. is a practical, emerging market visionary.
6 Month PPS Outlook:
$0.80 (with possible upside surprise)
- because the Company anticipated the global recognition of the emerging market economy to coincide with the 2008 Beijing Olympics.
- because the Company has been preparing for 2008 over the last five years by building a profitable $100 million technology service offering designed specifically for the small business nature of the global emerging market.
The Small Business Emerging Market Economy
more than 50% of U.S. GDP and employment comes from Small Businesses. In emerging markets, like Brazil and China, small business accounts for an even greater percentage of GDP and employment. NewMarket has built a practical approach for investors to purchase stock that can deliver a return from the global small business emerging market.
The Emerging Market Technology Leapfrog
new roads in China and an expanding power grid in Brazil. Every global emerging market sector is growing dramatically. No sector better than technology. Innovative technology rarely has to compete with a last generation solution. VoIP and Broadband wireless can be delivered where no telephone service or Internet access have ever existed.
- continuously introducing new technologies to new markets not yet recognized by the investment community. The 2008 Beijing Olympics will shed new light on NewMarkets value with approximately $40 million in sales from China in 2007 and $20 million from Brazil. Five year growth has gone from $1 million to pushing $100 in annual revenue today.
Upcoming Analyst Report
the Companys emerging market technology service has been recently reviewed by an industry analyst. The report is due out later this week. The report will cover the Companys successes and lessons learned over the last five years and how those lessons learned have made NewMarket a strong buy opportunity for investors that have not yet discovered NewMarket.
Recent NewMarket Technology News and Events For more information on NewMarkets recent news and corporate events, please visit the Companys website at www.newmarkettechnology.com.
Deloitte Technology Fast 500 Award
NewMarket recently announced that it ranked Number Twenty-One on Deloitte's 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2002-2006. NewMarket Technology grew 7,996 percent during this period. Last year, NewMarket ranked number one in Texas and number five in North America and was recognized this year by Deloitte as one of the few companies to repeat the feat
To learn more about Deloittes Fast 500 program please visit www.fast500.com.
Third Quarter Earnings Webcast
NewMarket management recently conducted a Third Quarter Earnings Webcast. The webcast included discussion and analysis of the Company's SEC Form 10Q filed for the period ended September 30, 2007. Management reviewed the Company's plan: to continue aggressive organic revenue growth by adding to the existing customer base that includes clients such as Avon, Siemens and Pepsi; to continue to reduce expenses through the elimination of redundant overhead; to continue to improve net income through an increased percentage of higher gross margin services; and to expand working capital by increasing net assets at a faster pace than operationally incurred liabilities.
To listen to the Webcast CLICK HERE
CEO Letter to Shareholders
Separately, NewMarket CEO, Philip M. Verges, recently released a letter to shareholders addressing the Company's corporate maturation and continued growth, emerging market growth strategy and 2008 early outlook. The letter can be read in its entirety at: http://biz.yahoo.com/iw/071113/0328052.html.
"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.