NewMarket Technology, Inc. Updates Shareholders on Plan to Issue Stock in IP Subsidiary and Role of Enable Intellectual Property Commercialization Corporation

Market Wire, May, 2007

NewMarket Technology, Inc. (OTCBB: NMKT) today released a follow-on letter to shareholders providing further details on the Company's recently announced plan to grow the company from $77 million in profitable revenue to $500 million in revenue as part of the five year strategic plan. Today's letter is part of a three week series of letters on detailing the various aspects of the Company's strategic plan. On June 19, the Company will celebrate its five year anniversary since launching an innovative business model to incubate emerging technologies. NewMarket was recognized in 2006 in the Deloitte Technology Fast 500 as the third fastest growing technology company in the United States. After growing from $1 million in breakeven annual sales to $77 million in profitable annual sales in 2006, the Company is renewing its strategic plan for the next five years of rapid growth.

Today's letter highlights NewMarket's expansion into earlier stage technologies. NewMarket has built a portfolio of early, but "ready for market" technologies over the last five years. Now the Company will begin to acquire earlier stage, "first to market" technologies yet to be developed into market-ready solutions. As part of this expansion into earlier stage technologies, NewMarket is establishing a subsidiary to concentrate on the acquisition of intellectual property (IP) and Philip Verges, CEO and Chairman of NewMarket, has recently joined the board of directors of the Enable Intellectual Property Commercialization Corporation (OTCBB: EIPC).

The letter to shareholders from NewMarket CEO and Chairman Philip Verges is included in its entirety below.

Dear Fellow Shareholders,

NewMarket has initiated an exciting expansion into earlier stage technologies. Five years ago, our business plan was just a business plan with little to no funding. We did not have the luxury of working with "first to market" technology opportunities. To conserve our limited resources at the time, NewMarket concentrated on "ready for market" technologies. While we have enjoyed rapid revenue growth and respectable net income traction, we have missed out on the lucrative return on investment potential associated with a "first to market" technology.

Five years down the road and with more resources at our disposal, we are extending our reach into earlier stage technologies. We are launching two initiatives to enable this extended reach into earlier stage technologies. First, we are starting an intellectual property (IP) subsidiary that we are currently referring to as NewMarket IP. We are in the process of acquiring our first proprietary technologies into NewMarket IP. We have over 20 patents in the acquisition pipeline. In addition to launching our own IP initiative, we have also recently established an early relationship with an already established intellectual property development company. I have recently joined the Board of Directors of Enable Intellectual Property Commercialization Corporation (OTCBB: EIPC).

Independently Listed NewMarket IP Subsidiary and NewMarket Technology Dividend

NewMarket IP will be dedicated to acquiring and developing earlier stage concept technologies. We are currently seeking patented or patent-worthy, concept-stage technologies ready for development, but not yet ready for market deployment.

NewMarket Technology recently announced signing a letter of intent agreement to acquire GreenThread, LLC. GreenThread is a development-stage company with patent-pending flash memory technology that can substantially enhance system performance with particular application to consumer products such as MP3 players. In April, the CEO of GreenThread visited our operations in China to begin development plans for GreenThread's proprietary technology into a "first to market" solution.

The letter of intent with GreenThread is the second agreement signed by NewMarket with inventor and engineer G. R. Mohan Rao. Mr. Rao and his assembled technical team collectively have over 50 years of DRAM, SRAM, EPROM and Flash EPROM design experience. Jointly, the team holds over 100 patents.

NewMarket will directly share the return on investment potential of the earlier stage emerging technology IP with NewMarket Technology shareholders by distributing 20% of the new subsidiary to NewMarket Technology shareholders. The planned dividend distribution will be a one for one issue -- one share of the subsidiary to be issued for every one share of NewMarket Technology stock held.

The completion of the acquisitions currently under letter of intent and the dividend distribution is subject only to priority workload. NewMarket's three initiatives listing its first three public subsidiaries are not without their own unexpected complications. Around NewMarket, one often hears the motto "if it were easy, everyone would do it." We have almost completed the priority workload associated with these three initiatives and anticipate shortly being able to accelerate the completion of the pending NewMarket IP acquisitions and dividend distribution.

 

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