NewMarket Technology, Inc. (NMKTE.OB) is a company focused on providing certified integration and maintenance services for name-brand products with an asset-based approach to help clients create a balance between maintaining legacy systems and gaining a competitive edge with the latest technological innovations.
Additionally, NewMarket continually seeks to acquire emerging technology to incorporate into its product portfolio to keep ahead of the industry standards. The company has stayed on the cutting edge by focusing its acquisition efforts in new technologies in the homeland security, healthcare, and telecommunications industries.
Since 2002, NewMarket has focused on marketing its services in the fastest-growing emerging markets, such as China and Latin America, to significantly grow its client base. With offices in China, Singapore, Venezuela, Brazil and Chile, the company continues to expand its international footprint. NewMarket often acts as a liaison between US and overseas clients to alleviate cultural differences and promote business processes to form successful partnerships.
In recent months, NewMarket has been on the technology scene. First, the company’s Latin American subsidiary, UniOne, participated in Oracle’s “FY09 Global Kick Off” event held in June 2008. UniOne was recognized as one of Oracle’s Top 100 partners in Latin America. Secondly, the use of “ultraportable” computers was highlighted in the “Live Your Best Life” section of the July issue of Oprah Winfrey’s O At Home magazine. NewMarket also recently entered into an agreement to acquire Everex, which manufactures CloudBook, a low-cost and lightweight “ultraportable” computer.
A research report from Micros Report indicates a fair value target price for the company is $0.78, while today’s trading has stayed between $0.09 and $0.11.
According to Michael Willingham of Micros Report, “This $0.78 fair value estimate is assigned based upon what NMKTE has already achieved as a company in regards to their historical profitability, historical revenue, and future projections. Based upon the past five years’ results, the future growth of the company has a high probability of continuing. If the company can continue to grow revenue and profits both organically and through acquisitions while keeping the outstanding shares in check, even higher stock prices should be expected in the future.” Willingham continued, “If the market wakes up to the true value being built in this Company, there will be a significant reversal of fortunes in the share price.”
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