Defense Technology Systems (CE) (USOTC:DFTS)
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Please replace the release with the following corrected
version due to multiple revisions.
The corrected release reads:
NEWMARKET TECHNOLOGY INC. RELEASES UPDATE ON PROGRESS TO DATE
TOWARD 2006 PLAN FOR $58 MILLION IN PROFITABLE REVENUE AND OUTLINES
POTENTIAL FOR 75% UPWARD REVISION IN REVENUE FORECAST; UPDATE INCLUDES
Q106 ANTICIPATED BENCHMARK EVENTS
NewMarket Technology Inc. (OTCBB:NMKT) today released an update on
progress to date toward its business plan in 2006. The Company has
forecasted 15% annual revenue growth in 2006 to a profitable $57.5
million over last year's profitable $50 million (unaudited). Recently
the Company released specific business plans for each of its six
operating business units. The $87.5 million sum of the fully
consolidated business unit revenue goals for 2006 represents more than
a 75% increase over NewMarket's 2005 revenue. The business unit goals
are based on corporate developments not yet consummated. At the close
of each fiscal quarter the annual forecast will be reviewed and
updated as required.
-0-
*T
Business Unit Revenue Goal
--------------------------------------------------
Latin America $25,000,000
China $28,000,000
Systems Integration $12,500,000
VoIP $15,000,000
Healthcare $ 7,000,000
--------------------------------------------------
Upward Revision Potential $87,500,000
*T
In addition, the unconsolidated Homeland Security revenue forecast
for 2006 is estimated at $10 million and is reported in NewMarket's
affiliate company, Defense Technology Systems (OTC:DFTS).
Business Unit goals include the previously announced planned
acquisition of UniOne in Sao Paulo, Brazil, with approximately $11
million in profitable annual sales. This acquisition constitutes a
substantial portion of the Latin American $25 million 2006 revenue
goal. The acquisition is expected to close in the very near future.
Both the buyers and sellers are enthusiastic and working diligently to
complete the transaction. The completion of this transaction is a
likely candidate event that would trigger an upward revision of
NewMarket's overall 2006 forecast after the close of Q1 '06 and the
filing of the quarterly report.
"NewMarket has grown substantially from $2.3 million in revenue in
2003 to over $50 million in 2005," said Philip Verges, CEO of
NewMarket Technology Inc. "We anticipate continued rapid growth in
both revenue and income. Our new approach in 2006 is to communicate a
balance between potential and prudence to provide shareholders with a
reasonable forecast, while at the same time providing detailed
information behind the Company's plan to exceed that forecast. We know
our key to achieving continued growth lies in the successful expansion
of our management team and the reinforcement of our operational
processes and procedures. We have already announced the addition of
Mr. Rauch as our CFO and shareholders can expect additional management
and director announcements to be shortly forthcoming. Nearly halfway
through the first quarter of the year, I am optimistic we will exceed
the 15% growth forecast for 2006 over 2005."
NewMarket combines a traditional technology services offering with
an emerging technology incubation business function. The result has
been three years of rapid, profitable growth from $2.3 million in
revenue in 2003 to over $50 million in 2005 (unaudited). NewMarket
was named in 2005 as the 13th fastest growing technology firm in North
America on the Deloitte Technology Fast 500.
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 (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 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 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.