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IPVoice Communications Inc. Name Change to NewMarket Technology Inc. Accepted by the Secretary of St
IPVoice Communications Inc. Name Change to NewMarket Technology Inc. Accepted by the Secretary of State of Nevada
Name Change and Ticker Symbol Change to Be Announced
Online Stock Market Trading DALLAS--(BUSINESS WIRE)--July 9, 2004-- NewMarket Technology
Inc. (OTCBB:IPVO) today announced receiving notification from the
Secretary of State of Nevada that the name change to NewMarket
Technology Inc. has been accepted. The Company will proceed
immediately with submitting the approved name change to NASDAQ to
affect a ticker symbol and CUSIP number change on the OTC Bulletin
Board.
The corporate name change is part of an overall communication plan
to convey the Company's expanding business in various market
sectors. NewMarket Technology Inc. sells emerging communication
technology solutions and services. NewMarket's initial technology
offering is a Voice over Internet Protocol (VoIP) solution. Over
the last six months the Company has added emerging communication
technology offerings specifically for the healthcare and homeland
security industries.
The steamy summer streets of Washington are no match for the phone lines of Fantasy, Inc., where every man's dreams
Stock Investing Course The Company generates additional revenue and exercises an economy of scale strategy by including a comprehensive emerging technology service and support offering as a critical component of the overall business plan. The Company has already won lucrative service contracts to support the emerging technology plans of high tech companies in addition to providing a cost effective support for their own emerging communication solutions.
level technology experience. He previously served as vice president and general manager of Allegiance Telecom Inc. where he grew annual revenues from zero to over $25 million. Prior to Allegiance, he was regional sales manager for Teligent Inc., a wireless telecommunications company. Roshala has also held senior sales and management positions at MCI, MFS Communications, and PageNet Inc.
Stock Market Game "The name change reflects the Company's notable advances toward the 2004 business plan objectives of rapidly building its revenue base along with a focus on profitability," said Philip Verges, CEO of NewMarket. "We are already approaching the annualized revenue run rate previously announced as the year end objective. Recent organic sales and the profitability of pending acquisitions are accelerating the Company's profitability schedule. We also expect the ticker symbol and CUSIP change to interfere with suspected short stock sellers that are not complying with regulatory timeframe requirements to purchase stock to fill short positions. We encourage shareholders to contact their brokers and request a confirmation that IPVoice certificates have been replaced with NewMarket certificates once the ticker symbol change has been affected with the OTCBB. Please do not hesitate to contact the Company for more information."
2007 Technology Fast 500 Deloitte growing technology, media, telecommunications and life sciences company in North America based on percentage fiscal year revenue growth over five years ( 2006). Top 25 Fastest Growing Private Companies Inc 500 growing private company in the United States. The 2007 Inc. 500, as revealed in the September issue of Inc. magazine ( October 2), also ranks Doba 2nd in the category of fastest growing software companies, and 5th in growth among companies intending to go public.
Stock Investing Game About NewMarket Technology Inc. (www.newmarkettechnology.com)
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Journal Prime Rate Street Wall In 2002, NewMarket (currently undergoing a corporate name change from IPVoice Communications Inc.) launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. 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). In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. RKM IT Solutions of Caracas, Venezuela was also recently acquired as NewMarket's entry into the Latin American market.
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Stock Market News 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.
Stock Investing Basics Contacts
Stock Investing Software
NewMarket Technology, Inc., Dallas
Investor Relations, 972-386-3372 ext. 211
ir@ipvoice.com
www.newmarkettechnology.com
www.ipvoice.com
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