Business Services Industry
NewMarket Technology, Inc. Wins $1.1M Contract Signed to NewMarket Strategic Sourcing Unit; Strategic Sourcing Contract to Give Strong Finish to Second Quarter
Business Wire, June 25, 2004
DALLAS -- NewMarket Technology Inc. (OTCBB:IPVO) today announced that their Strategic Sourcing division (www.newmarketsourcing.com) has won a $1.1M dollar integration services project with a U.S.-based emerging technology company (company details withheld at customers request) that will involve assisting in the development of a data management program that will integrate product deployment information with other confidential data used in their production process.
"This is another key indicator of the success that NewMarket can produce through the integration of its subsidiary companies," stated Dan Scofield, President of NewMarket Technology. "We continue to gain momentum as customers start to see the capabilities that NewMarket can provide using our wide array of technology products and services. This project adds to an improving second quarter and will help kick off Q3 in a great way."
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket (currently undergoing a corporate name change from IPVoice Communications Inc.) is a six-year-old company that has reported as a research and development concern for most of its history. In 2002, NewMarket launched a new business plan, which resulted in the Company posting six consecutive profitable quarters through 2003 and establishing an annualized $15 million in revenue. The Company is actively acquiring early-stage proprietary technology companies and financially distressed systems integration companies in specific global markets. 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). The Company recently acquired Medical Office Software Inc., diversifying its communications technology offering into the healthcare industry. 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 the risks inherent in the integration of Infotel Technologies into IPVoice Communications, Inc business, the ability of IPVoice to restore and stabilize the client base of Infotel and re-establish relationships with key suppliers, the development and market acceptance of the products and services of the combined companies, demand for the telecommunication and other products and related services, domestic and foreign government spending, budgetary and trade policies, economic and political changes in the domestic and international markets where the Company competes, successful deployment of advanced technologies, competitive product and pricing pressures as well as other 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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