NewMarket Technology, Inc. to Present on the ''Myths and Realities of RFID'' and its Impact on Logistics and Supply Chain Management a16 February 2007
DALLAS, BUSINESS WIRE NewMarket Technology, Inc. (OTCBB:NMKT) today announced that Vice President of Technology Tolga Erkmen, founder of Netsco, Inc., a wholly owned subsidiary of NewMarket, will present at the 9th Logistics Management Summit being held March 28-29, 2007 in Istanbul, Turkey (www.lojistikzirvesi.com). Mr. Erkmen will present on the impact of Radio Frequency Identification (RFID) on the industry.
NewMarket Technology's core business strategy is to win traditional systems integration and service support contracts and subsequently introduce emerging technology products and services, such as RFID, to the company's clients worldwide. NewMarket acquired a proprietary patent pending software solution with specific applications in the growing RFID market. The software solution has been subsequently licensed and customized.
About 50% of NewMarket's estimated $70 million in 2006 revenue came from the sale and support of incumbent brand name technologies from companies such as Oracle, Microsoft and Sun. The remaining half of NewMarket's revenue came from the sale of products and services from the Company's portfolio of emerging technologies. The company has grown rapidly over the last four years from $2.3 million in revenue in 2003 to being recognized by Deloitte & Touche USA LLP as the fifth fastest growing technology firm in North America after building to $50 million in audited profitable revenue in 2005. document.write('');
RFID technology is used to identify, track and secure products for retail and supply chain logistics, as well as for a variety of other applications, to include wireless payments systems, "smart cards" and access control systems. Wal-Mart (NYSE:WMT) and the United States Department of Defense have published requirements requiring vendors place RFID tags on all shipments to improve supply chain management. This mandate by two large organizations propelled companies worldwide to adopt RFID technology for their own supply chain management.
Mr. Erkmen has been invited to speak on his expertise in the RFID industry at numerous conferences worldwide, including presenting on RFID Mandates for the Raytheon User Conference (NYSE:RTN) in Tucson, Arizona and on Advanced RFID Training for Southern Eastern Europe for Sun Microsystems in Vienna, Austria. Mr. Erkmen has also led and conducted executive workshops on advanced tracking and RFID technologies in North America, Europe and Asia. Mr. Erkmen has over 18 years of experience in mission-critical information and automated identification systems.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
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.
"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.
Contacts: NewMarket Technology, Inc. Rick Lutz, Investor Relations, 404-261-1196 ir@newmarkettechnology.com www.newmarkettechnology.com
Copyright Business Wire 2006. All Rights Reserved
Source: dmnnewswire
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