LOS ANGELES, CA--(MARKET WIRE)--Aug 26, 2008 -- Mediatechnics Corporation (Other OTC:MEDT.PK - News) has signed a letter of intent to purchase Global Music Group - New York (GMG-NY), the company that won the bid to acquire the assets of Death Row Records in the U.S. Bankruptcy Court in June of this year for $24 million. Mediatechnics intends to provide Global Music with the funds needed to complete the acquisition.
The landmark deal would give Mediatechnics Corp. ownership of Global Music Group, which will hold upon completion of the purchase -- free and clear of all liens, claims and encumbrances -- all of the assets that comprise Death Row Records, including Death Row's catalog of master recordings and published music, as well as all trademarks and other intellectual property, licenses, artist and writer agreements, works in progress, and options. An independent valuation of the bankruptcy estate completed last month placed the catalog value at $32 million.
The Death Row catalog includes a significant amount of previously unreleased material by the late Tupac "2Pac" Shakur and other top artists, as well as almost all of the previously released music of Dr. Dre and 2Pac. The 2Pac music has spawned great interest with the media since the possibility of its imminent release became news.
Founded in 1991 by Marion "Suge" Knight and Dr. Dre, Death Row Records established itself as one of the biggest labels at the forefront of the '90s gangsta rap music era, and, for all intents and purposes, defined the genre. The label was home to such artists as Dr. Dre, Snoop Dogg, Tha Dogg Pound as well as 2Pac.
By the early 2000s, Death Row was besieged with several crippling lawsuits and criminal convictions for founder Suge Knight. In April of 2006, Knight sought bankruptcy protection for himself and the label. On June 24 of this year, the U.S. Bankruptcy Court for the Central District of California approved the sale of Death Row to Global Music Group - New York for $24 million, and Global Music placed a deposit with the court.
Mediatechnics President Richard Wilson said, "The acquisition of Global Music and Death Row Records will represent a landmark turning point for our company. Together with our subsidiaries, the Live Network and CRD Technologies, the prospects of co-branding, licensing and new product development are astounding." He continued, "We're driving hard to lock in all of the complicated pieces of this puzzle necessary to successfully conclude this remarkable deal."
Susan Berg, President of Global Music Group - NY, said, "We are delighted by the prospects that this imminent transaction could bring to our two companies and believe the outcome, both financially and creatively, can be an incredible force." Berg qualified Global Music Group as a bidder with the Federal Bankruptcy Court prior to the auction in June, putting up more than one million dollars on deposit.
Mediatechnics' transaction remains contingent upon several factors, not the least of which is the closing of the financing and the subsequent payment to, and acceptance by, the Bankruptcy Court and its trustee. While many factors outside the control of Mediatechnics could yet affect whether or not the transaction is completed, the company is currently in possession of a Letter of Intent from a lender to fund the transaction, and has been informed by GMG-NY that it is likely that the purchase will be accepted when funds are proven and delivered.
Mediatechnics Corporation www.Mediatechnicscorporation.com is the parent company of Mediatechnics Systems Inc. www.Mediatechnics.com, MediaMaster Corporation www.mediamastercorp.com, The Live Network www.thelivenetwork.com, Innotech www.innotechusa.com, and CRD Technology www.crdtechnologies.com
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
Tuesday, August 26, 2008
Sunday, August 24, 2008
Mediatechnics Announces New Strategic Partnership With Digital Media Applications
LAKEWOOD, NJ--(MARKET WIRE)--Aug 22, 2008 -- MEDIATECHNICS CORPORATION (Other OTC:MEDT.PK - News) today announced a new partnership with Digital Media Applications (DMA), the leading provider of automated DVD authoring solutions and the RocketDVD Professional software application.
Together with Mediatechnics' new DVD production platform, FusionPro and DiscWrite4, DMA's software will enable Mediatechnics to provide their customers with turn-key solutions including, DVD authoring applications with an automated process for capture, disc duplication and distribution of professional DVDs including customized disc labels and DVD case wraps.
Incorporating key support for Mediatechnics' products with RocketDVD will help expand Mediatechnics' market penetration by adding support for two key DMA applications; RocketDVD-Live and RocketDVD-On-Demand.
RocketDVD-Live is an end-to-end automated DVD authoring solution that offers real-time video/audio captures, recording and creation of DVDs during live events. It consists the RocketDVD Professional system, Live feature upgrades and the RocketDVD Duplicator Rack mount Towers, RocketDVD-Live, is completely scalable and can produce a large number of fully authored DVDs within 10 minutes from the conclusion of the event. RocketDVD-Live technology enables the simultaneous receipt of the DVD image file to all DVD Duplicators available on the gigabit Ethernet network. Once receipt of the DVD image file is complete each tower will immediately initiate the writing process on all available drives populated with blank media. Additional DVD runs can be initiated once all drives in the duplicator are repopulated with blank media (actual writing times per 6-drive tower is approximately 6.5 minutes).
Markets: Live Events -- Entertainment, Training, Corporate Events, Government, and Education
RocketDVD-On-Demand enables you to fully automate the entire DVD production process from a second application such as a Website, Database or an Asset Management system. By placing a text file with project parameters in a pre-defined hot folder, RocketDVD On Demand will automatically poll the hot folder looking for project files to execute, immediately process the project and send the DVD to the Mediatechnics Fusion system for production. This includes creating a new menu, disc label and custom case wrap for the DVD project. You no longer have to keep DVDs in inventory. With DVD-On-Demand you can create a just-in-time DVD production process while adding the ability for your customers to custom select the video components or assets they want on the DVD.
Markets: Broadcaster, Content Producers, Catalogs, and Education
Digital Media Applications was formed in 2003 to bring to market RocketDVD Professional, a unique and innovative DVD authoring application. The company is made up of industry professionals with backgrounds in DVD Authoring, Video and Network Storage, Video Streaming, Video Conferencing and Video Production. We've used our years of experience and industry knowledge to produce RocketDVDProfessional, the first DVD creation system to incorporate high level DVD Authoring features like; custom menus, custom chaptering, motion menus, variable text fields etc. in a fully automated DVD Authoring and Production solution. Please check out our products page for more information.
About Mediatechnics Corporation (Other OTC:MEDT.PK - News)
Mediatechnics Corporation www.mediatechnicscorporation.com is the parent company of Mediatechnics Systems Inc. www.mediatechnics.com, MediaMaster Corporation www.mediamastercorp.com, The Live Network www.thelivenetwork.com, Innotech www.innotechusa.com, and CRD Technology www.crdtechnologies.com.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
Together with Mediatechnics' new DVD production platform, FusionPro and DiscWrite4, DMA's software will enable Mediatechnics to provide their customers with turn-key solutions including, DVD authoring applications with an automated process for capture, disc duplication and distribution of professional DVDs including customized disc labels and DVD case wraps.
Incorporating key support for Mediatechnics' products with RocketDVD will help expand Mediatechnics' market penetration by adding support for two key DMA applications; RocketDVD-Live and RocketDVD-On-Demand.
RocketDVD-Live is an end-to-end automated DVD authoring solution that offers real-time video/audio captures, recording and creation of DVDs during live events. It consists the RocketDVD Professional system, Live feature upgrades and the RocketDVD Duplicator Rack mount Towers, RocketDVD-Live, is completely scalable and can produce a large number of fully authored DVDs within 10 minutes from the conclusion of the event. RocketDVD-Live technology enables the simultaneous receipt of the DVD image file to all DVD Duplicators available on the gigabit Ethernet network. Once receipt of the DVD image file is complete each tower will immediately initiate the writing process on all available drives populated with blank media. Additional DVD runs can be initiated once all drives in the duplicator are repopulated with blank media (actual writing times per 6-drive tower is approximately 6.5 minutes).
Markets: Live Events -- Entertainment, Training, Corporate Events, Government, and Education
RocketDVD-On-Demand enables you to fully automate the entire DVD production process from a second application such as a Website, Database or an Asset Management system. By placing a text file with project parameters in a pre-defined hot folder, RocketDVD On Demand will automatically poll the hot folder looking for project files to execute, immediately process the project and send the DVD to the Mediatechnics Fusion system for production. This includes creating a new menu, disc label and custom case wrap for the DVD project. You no longer have to keep DVDs in inventory. With DVD-On-Demand you can create a just-in-time DVD production process while adding the ability for your customers to custom select the video components or assets they want on the DVD.
Markets: Broadcaster, Content Producers, Catalogs, and Education
Digital Media Applications was formed in 2003 to bring to market RocketDVD Professional, a unique and innovative DVD authoring application. The company is made up of industry professionals with backgrounds in DVD Authoring, Video and Network Storage, Video Streaming, Video Conferencing and Video Production. We've used our years of experience and industry knowledge to produce RocketDVDProfessional, the first DVD creation system to incorporate high level DVD Authoring features like; custom menus, custom chaptering, motion menus, variable text fields etc. in a fully automated DVD Authoring and Production solution. Please check out our products page for more information.
About Mediatechnics Corporation (Other OTC:MEDT.PK - News)
Mediatechnics Corporation www.mediatechnicscorporation.com is the parent company of Mediatechnics Systems Inc. www.mediatechnics.com, MediaMaster Corporation www.mediamastercorp.com, The Live Network www.thelivenetwork.com, Innotech www.innotechusa.com, and CRD Technology www.crdtechnologies.com.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
Wednesday, August 20, 2008
MonArc (MONA) To Develop/Launch China's 1st Online Sports Fantasy Pools
BEIJING, Aug. 20 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) announced today that PP365.com has entered preliminary negotiations with 2 North American based Sports Fantasy Pool portals, with the intent to leverage the technology and adapt it to the Chinese market. One of the portals is a well known USA based sporting facility.
China first began to see professional sports development in the mid 1990s. Soccer, baseball and basketball are among the increasingly popular spectator sports in China.
Fantasy sports are growing in popularity across North America as sports fans build baseball, football, basketball, hockey or Formula One racing teams that compete against each other in online leagues based on the statistics generated by individual players or teams in Major League Baseball, the NFL, NBA, NHL or Formula One.
MONA CEO Yong Chen advised; "We think the timing is perfect for the introduction of this type of gaming in the Chinese market, and we have the opportunity to be the first to market. As professional sports leagues continue to enjoy dramatic growth in China, it is only natural for the concept of Fantasy Pools to develop alongside them. We believe the appeal will be very strong, given the popularity of gaming and gambling in Chinese culture.
Revenue will be generated by our website to administer these fantasy pools, and there are huge opportunities for collateral revenue streams for the sale of memorabilia, etc. Management conservatively estimates these revenue streams to topple 10 million dollars in the first few years of operations. Rather than having to reinvent the wheel, we believe that we can learn from the knowledge base already developed in North America, and adapt the concepts that resonate most strongly with Chinese culture."
In other corporate news and updates, the company has completed its updated pink sheets management disclosure and is awaiting solicitors notes of approval from Pink Sheets.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
China first began to see professional sports development in the mid 1990s. Soccer, baseball and basketball are among the increasingly popular spectator sports in China.
Fantasy sports are growing in popularity across North America as sports fans build baseball, football, basketball, hockey or Formula One racing teams that compete against each other in online leagues based on the statistics generated by individual players or teams in Major League Baseball, the NFL, NBA, NHL or Formula One.
MONA CEO Yong Chen advised; "We think the timing is perfect for the introduction of this type of gaming in the Chinese market, and we have the opportunity to be the first to market. As professional sports leagues continue to enjoy dramatic growth in China, it is only natural for the concept of Fantasy Pools to develop alongside them. We believe the appeal will be very strong, given the popularity of gaming and gambling in Chinese culture.
Revenue will be generated by our website to administer these fantasy pools, and there are huge opportunities for collateral revenue streams for the sale of memorabilia, etc. Management conservatively estimates these revenue streams to topple 10 million dollars in the first few years of operations. Rather than having to reinvent the wheel, we believe that we can learn from the knowledge base already developed in North America, and adapt the concepts that resonate most strongly with Chinese culture."
In other corporate news and updates, the company has completed its updated pink sheets management disclosure and is awaiting solicitors notes of approval from Pink Sheets.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Tuesday, August 19, 2008
MonArc Corporation's (MONA) Launching English Version P2P Software with 100,000 daily users, and 20,000 simultaneous online users
BEIJING, Aug. 19 /PRNewswire-FirstCall/ - MonArc Corporation, www.monacorporation.com, (MONA.PK) is pleased to announce that development of an English version of the Company's PP2008 software is in the last stages of development.
PP2008 is a proprietary peer-to-peer software platform developed by PP365.com. The latest pp2008 adopts an independently developed p2p protocol, which is compatible with http/ftp, Bit Torrent and eMule protocols.
The Chinese version of PP2008 was successfully launched earlier this year. The updated software has more than 100,000 daily users, and more than 20,000 simultaneous online users, a significant improvement versus the last generation software.
MONA CEO Yong Chen advised; "We are finalizing criteria regarding copyright issues in Western markets, and nearing the completion of the debugging process of the software itself. We are targeting a launch date of 60 - 90 days. This software has the potential to significantly 'move the yardsticks' for the Company".
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
PP2008 is a proprietary peer-to-peer software platform developed by PP365.com. The latest pp2008 adopts an independently developed p2p protocol, which is compatible with http/ftp, Bit Torrent and eMule protocols.
The Chinese version of PP2008 was successfully launched earlier this year. The updated software has more than 100,000 daily users, and more than 20,000 simultaneous online users, a significant improvement versus the last generation software.
MONA CEO Yong Chen advised; "We are finalizing criteria regarding copyright issues in Western markets, and nearing the completion of the debugging process of the software itself. We are targeting a launch date of 60 - 90 days. This software has the potential to significantly 'move the yardsticks' for the Company".
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
MediaTechnics Subsidiary Passes $250,000 in Purchase Orders During the First Half of Q3
PHOENIX, AZ--(MARKET WIRE)--Aug 19, 2008 -- MediaTechnics Corporation (Other OTC:MEDT.PK - News) wholly-owned subsidiary CRD Technologies, Inc. and its CRD Distributors operating unit, a subsidiary of MediaTechnics (Other OTC:MEDT.PK - News), announced today that it has already received in excess of $250,000 in orders for the quarter beginning on July 1, 2008 and forecasts that orders for the rest of the quarter should remain strong.
"The hot weather across the country is definitely helping beverage sales. All indications are that the weather will remain mild for the foreseeable future, this will keep up production demand," said CRD COO Michael Ramer. He continued, "It appears to CRD management that higher fuel prices have significantly changed consumer spending habits at the convenience store level. These shoppers now seem to be a little more cost conscious and, in order to save money, are buying more private label beverages. CRD believes that retailers will likely have to begin expanding their private label offerings to meet the demand."
About Mediatechnics Corporation (Other OTC:MEDT.PK - News)
Mediatechnics Corporation (www.mediatechnicscorporation.com) is the parent company of Mediatechnics Systems Inc. (www.mediatechnics.com), MediaMaster Corporation (www.mediamastercorp.com), The Live Network (www.thelivenetwork.com), Innotech (www.innotechusa.com), and CRD Technology (www.crdtechnologies.com).
Mediatechnics is one of the largest manufacturers of media duplication equipment worldwide.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
"The hot weather across the country is definitely helping beverage sales. All indications are that the weather will remain mild for the foreseeable future, this will keep up production demand," said CRD COO Michael Ramer. He continued, "It appears to CRD management that higher fuel prices have significantly changed consumer spending habits at the convenience store level. These shoppers now seem to be a little more cost conscious and, in order to save money, are buying more private label beverages. CRD believes that retailers will likely have to begin expanding their private label offerings to meet the demand."
About Mediatechnics Corporation (Other OTC:MEDT.PK - News)
Mediatechnics Corporation (www.mediatechnicscorporation.com) is the parent company of Mediatechnics Systems Inc. (www.mediatechnics.com), MediaMaster Corporation (www.mediamastercorp.com), The Live Network (www.thelivenetwork.com), Innotech (www.innotechusa.com), and CRD Technology (www.crdtechnologies.com).
Mediatechnics is one of the largest manufacturers of media duplication equipment worldwide.
Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
Monday, August 18, 2008
NewMarket Technology, Inc. Latin American YTD Financial Performance Lifts Already Higher Than Anticipated Overall Sales Performance
Company Management to Conduct Webcast Thursday, August 21, to Discuss Q2 2008 and YTD Financial Results
DALLAS, TX--(MARKET WIRE)--Aug 18, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today released an update on YTD revenue and net income growth for the Company's operations in Brazil, Chile and Venezuela. The Latin American operations have reported $12.6 million in revenue YTD with $528,600 in net income, supporting the Company's global goal of $120 million in profitable revenue for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3 million in net income across all its operations.
NewMarket Technology has recently announced year-to-date higher than anticipated North American sales. The sales increase is expected to improve revenue and profit. The Latin American operations revenue performance will enhance the Company's overall revenue performance. The operations in Latin America are leading Microsoft and Oracle partners in the region and have seen substantial growth from these partnerships over the past year.
Some Recent Microsoft and Oracle Projects with Duke Energy, L'Oreal, and More
NewMarket Technology, Inc. Announces UniOne's Oracle Hyperion Implementation for Duke Energy Brazil
NewMarket Technology, Inc.'s Recently Completed CRM Implementation for L'Oréal Brazil Featured by Oracle
NewMarket Technology, Inc. Reports Continued Managed Services Strategy Success and Oracle Contract With Multi-Billion Dollar Obrascon Huarte Lain, S.A.
NewMarket Technology, Inc. Announces 235% Increase in Annual Microsoft Sales at Microsoft Worldwide Partner Conference in Houston, Texas
NewMarket Technology, Inc. Announces $4 Million Contract With Movistar, a Division of Telefonica
NewMarket Technology, Inc. Reports Strong Latin America Sales Growth, Announcing Contract With $10 Billion Anglo American to Implement Oracle Hyperion Planning
Earnings Webcast Thursday, August 21, 2008 at 4:15 PM EDT
NewMarket management will conduct an audio Webcast on Thursday, August 21, 2008 at 4:15 p.m. EDT to discuss the Company's year-to-date growth and outlook for the remainder of 2008.
A link to the Webcast will be available prior to the call on NewMarket's corporate Investor Relations page at http://www.newmarkettechnology.com/investor-relations.htm.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
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 systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America 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.
The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
DALLAS, TX--(MARKET WIRE)--Aug 18, 2008 -- NewMarket Technology, Inc. (OTC BB:NMKT.OB - News) today released an update on YTD revenue and net income growth for the Company's operations in Brazil, Chile and Venezuela. The Latin American operations have reported $12.6 million in revenue YTD with $528,600 in net income, supporting the Company's global goal of $120 million in profitable revenue for 2008. In 2007, NewMarket reported $93.1 million in revenue with $7.3 million in net income across all its operations.
NewMarket Technology has recently announced year-to-date higher than anticipated North American sales. The sales increase is expected to improve revenue and profit. The Latin American operations revenue performance will enhance the Company's overall revenue performance. The operations in Latin America are leading Microsoft and Oracle partners in the region and have seen substantial growth from these partnerships over the past year.
Some Recent Microsoft and Oracle Projects with Duke Energy, L'Oreal, and More
NewMarket Technology, Inc. Announces UniOne's Oracle Hyperion Implementation for Duke Energy Brazil
NewMarket Technology, Inc.'s Recently Completed CRM Implementation for L'Oréal Brazil Featured by Oracle
NewMarket Technology, Inc. Reports Continued Managed Services Strategy Success and Oracle Contract With Multi-Billion Dollar Obrascon Huarte Lain, S.A.
NewMarket Technology, Inc. Announces 235% Increase in Annual Microsoft Sales at Microsoft Worldwide Partner Conference in Houston, Texas
NewMarket Technology, Inc. Announces $4 Million Contract With Movistar, a Division of Telefonica
NewMarket Technology, Inc. Reports Strong Latin America Sales Growth, Announcing Contract With $10 Billion Anglo American to Implement Oracle Hyperion Planning
Earnings Webcast Thursday, August 21, 2008 at 4:15 PM EDT
NewMarket management will conduct an audio Webcast on Thursday, August 21, 2008 at 4:15 p.m. EDT to discuss the Company's year-to-date growth and outlook for the remainder of 2008.
A link to the Webcast will be available prior to the call on NewMarket's corporate Investor Relations page at http://www.newmarkettechnology.com/investor-relations.htm.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to ir@newmarkettechnology.com or call 214-722-3065.
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 systems integration and maintenance services to support the prevailing industry standard solutions from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire 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 network of Solution Integration subsidiaries in North America and the leading emerging markets around the world to include Latin America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and Number Five in North America 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.
The company has continued its rapid growth, reporting $77.6 million in revenue with a net income of $5.8 million in 2006 and most recently $93.1 million in revenue with a net income of $7.3 million in 2007.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NewMarket's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Hat Trick Beverages (HKBV) To Offer Soup Based Services
TORONTO, Aug. 18 /PRNewswire-FirstCall/ - Hat Trick Beverages Inc. (HKBV.PK) announced its entry into the food industry with the introduction of three new types of soups: Beef, Chicken, Vegetable.
Hat Trick Beverages CEO Sender Vaiser advised, "We are looking to fulfill many niche markets as we gear up our franchise model . As it stands now, we can offer the hot and cold beverage drinks with our I500 vending machines. This new addition which proved to be extremely popular in Europe will be the one thing that sets us apart from our direct competitors.
In other Company news, the registration process for 'business opportunities' in States that require such registration are continuing at a good pace. The issuer has retained the services of Harold Kestenbam, in Long Island NY, to assist it with its franchising requirements.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Hat Trick Beverages CEO Sender Vaiser advised, "We are looking to fulfill many niche markets as we gear up our franchise model . As it stands now, we can offer the hot and cold beverage drinks with our I500 vending machines. This new addition which proved to be extremely popular in Europe will be the one thing that sets us apart from our direct competitors.
In other Company news, the registration process for 'business opportunities' in States that require such registration are continuing at a good pace. The issuer has retained the services of Harold Kestenbam, in Long Island NY, to assist it with its franchising requirements.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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