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DFTS Defense Technology Systems Inc (CE)

0.000001
0.00 (0.00%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Defense Technology Systems Inc (CE) USOTC:DFTS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

NewMarket Technology Inc. Releases Update on Progress to Date Toward 2006 Plan For $58 Million In Profitable Revenue And Outline

07/02/2006 4:24pm

Business Wire


Defense Technology Systems (CE) (USOTC:DFTS)
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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 $83.5 million sum of the fully consolidated business unit revenue goals for 2006 represents more than a 60% 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 $ 3,000,000 -------------------------------------------------- Upward Revision Potential $83,500,000 *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.

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