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| [February 11, 2005] |
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NewMarket Technology Inc. Announces Provisional Patent for Netsco Wireless Value Asset and Shipment Tracking System
DALLAS --(Business Wire)-- Feb. 11, 2005 -- NewMarket Technology Inc. (OTCBB:NMKT) announced today receiving a Provisional Patent on Netsco's Wireless Value Asset and Shipment Tracking System (VAST). Netsco, a NewMarket subsidiary, is a software product and services company that specializes in mission-critical distributed computing solutions for large scale enterprise applications. Netsco jointly developed the system with Innova, Inc. In addition, Netsco has developed a host of proprietary Radio Frequency Identification (RFID) systems and is currently engaged in a number of RFID pilot projects around the world. The Value Asset and Shipment Tracking System is a wireless monitoring, tracking, evaluating and response system where any product and any system can be monitored and tracked globally using multiple wireless technologies. The VAST has multiple industrial and military applications.
Netsco, a Sun Microsystems (Nasdaq:SUNW) Partner, has conducted several international Executive RFID Summits and has won a number of very strategic RFID pilots jointly. To date, Netsco was the key contributor in Sun Executive RFID Summits in Turkey and Israel. A Netsco White Paper on RFID can be accessed on Sun Microsystem's web page by entering "Netsco" in the search field.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
In 2002, NewMarket 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 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 (DCI). The Company has expanded sales into Asia, Latin America and Canada through the acquisitions of Infotel Technologies in Singapore, RKM IT Solutions of Caracas, Venezuela, and Logicorp respectively. The company recently announced its first spinoff with the acquisition by Defense Technology Systems (OTCBB:DFTS) of NewMarket's Homeland Security subsidiary, DCI, for stock. NewMarket shareholders will receive a property dividend in the form of DFTS stock at a later date.
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.
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