Enable IPC (CE) (USOTC:EIPC)
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Enable IPC Corporation (OTCBB:EIPC)
today announced that Mr. Philip M. Verges, CEO of NewMarket Technology,
Inc. (OTCBB: NMKT),
will join the Enable IPC board of directors effective April 30, 2007.
Mr. Philip M. Verges became the CEO of NewMarket Technology in 2002
after selling a technology company he founded in 1997 to NewMarket.
Since 2002, Mr. Verges has lead the construction of a unique business
model to continuously introduce new technologies to market. NewMarket
has grown from approximately $1 million in revenue in 2002 to $77.6
million in revenue in 2006 with $4 million in net income. NewMarket has
been recognized for the past three years in the Deloitte Technology Fast
500, placing 3rd on the list in the United
States in 2006. Mr. Verges started his Technology career as a computer
programmer at EDS in 1992. He is a graduate of the United States
Military Academy at West Point, NY and served in the United States Army
for five years before starting his technology career.
Enable IPC and NewMarket Technology have complimentary businesses.
Enable IPC is building an organization to develop intellectual property
(IP) into production technology products. NewMarket is winning initial
contract opportunities for early stage technology products. Mr. Verges’
experience managing a micro cap publicly listed technology company and
his ongoing participation in the emerging technology market will enhance
the overall ability of the board of directors to oversee the growth and
maturity of Enable IPC. The addition of Mr. Verges will also enable
NewMarket and Enable IPC to more closely explore future emerging
technology partnership opportunities.
About Enable IPC (Intellectual Property Commercialization) Corp. (www.enableipc.com)
Enable IPC Corporation has a patent application on a proprietary concept
that combines thin film manufacture with nanotechnology to produce a
microbattery that the company believes will significantly out perform
comparable products and revolutionize the microbattery industry. The
company's product is expected to be smaller, cheaper, longer lasting,
and more environmentally friendly than comparable existing products. The
microbattery is ideal for use in multiple applications including
healthcare products, RFID tags, and smart cards.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain 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),
SAP (NYSE:SAP),
Siebel (Nasdaq:ORCL)
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 delivers its portfolio of products and
services through its global network of Solution Integration subsidiaries
in North America, Latin America, China and Singapore. NewMarket
maximizes shareholder return on investment by independent listing of
consolidated regional and emerging technology subsidiaries in order to
issue subsidiary stock in shareholder dividends. NewMarket ranked Number
Five on Deloitte's 2006 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 revenue
growth over five years, from 2001-2005. The Company grew from less than
$1 million in revenue in 2001 to over $50 million in profitable revenue
in 2005.
Forward-Looking Statements: This release contains forward-looking
statements, such as "believes," "expected" and similar terminology,
which are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties which could cause actual
results that the Company achieves to differ materially from any of the
forward-looking statements. Such risks and uncertainties, include, but
are not limited to, the following: the timely development and market
acceptance of products and technologies, the ability to secure
additional sources of financing, the difficulties in forecasting results
from development efforts, difficulties in accurately estimating market
growth, the impact of changing economic conditions, business conditions
in the microbattery industry and others identified in our Annual Report
on Form 10-KSB, as amended, and other Securities and Exchange Commission
filings. The company undertakes no obligations to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.