NewMarket Technology, Inc. Acquires 25% of RedMoon Broadband Inc in Strategy to Penetrate $6 Billion
NewMarket Technology, Inc. Acquires 25% of RedMoon Broadband Inc in Strategy to Penetrate $6 Billion WiFi Industry
RedMoon Forecasts $10 Million in Revenue; NewMarket Continues to Close Strategic Acquisitions with $30 Million in Revenue Under LOI
wifi laptop- Wireless routers are part of wireless networks and help to increase the productivity, security, efficient collaboration along with providing faster access to individuals and companies. mails with your colleague onsite as well as offsite.
- Wireless routers are also used in wifi phones. Wifi phones use wireless technology to transmit audio or voice messages. In certain cases, the wifi calls are free as the technology is using the Internet to transmit the call. Wifi phones are a hugely popular service these days, use services like Skype for making calls.
DALLAS--(BUSINESS WIRE)--July 15, 2004-- NewMarket Technology Inc. (OTCBB:IPVO) and RedMoon Broadband today announced the stock sale of a twenty-five percent (25%) interest in RedMoon to NewMarket. The RedMoon stock acquisition represents one of several strategic acquisition opportunities NewMarket is currently negotiating. The purchase price of $1.2 Million for the 25% stock position will be paid in cash over the next twelve months with a performance-based option to purchase an additional 26% interest. NewMarket has previously reported an acquisition pipeline that could add more than $30 million in annual revenue to the company.
By providing any such information or materials to Vizon Technology, Inc., you expressly grant Vizon Technology, Inc.
wifi wireless"We have established a solid foot hold with our existing products and services in the telecommunication, healthcare and homeland security markets, all of which hold substantial opportunity for emerging WiFi solutions," said Philip Verges, CEO of NewMarket. "We believe the addition of NewMarket will drive RedMoon sales well past the current $10 million dollar forecast for the next 12 months."
The Deluxe rooms are equipped with 32% Flat Screen Plasma Satellite TV, DVD and CD player, telephone, WiFi broadband internet access point, mini bar and electronic safe.
wifi serviceThe Superior rooms are equipped with 32% Flat Screen Plasma Satellite TV, DVD and CD player, telephone, WiFi broadband internet access point, espresso machine, mini bar and electronic safe.
wifi servicesThe WiFi industry represented $6 Billion in revenue in 2003 according to Gartner with 4.2 Million WLAN users in North America. Gartner projects that WLAN users in North America will grow to more than 31 million users by 2007. The addition of wireless broadband into NewMarket's existing telecommunication products and services further strengthens NewMarket's position in the competitive telecommunications sector.
There is one exception to this rule. Mobile in the US offers their Mobile HotSpot @Home service which permits your mobile phone to use WiFi for making and receiving calls to your normal Mobile handset. Mobile uses a technology called UMA, short for unlicensed mobile access. This technology allows a mobile handset to seamlessly roam between a WiFi network and the standard mobile phone network.
wifi networkswifi cell phone
"We see multiple cross selling opportunities within NewMarket's existing channels and great potential in the functions and features NewMarket can bring to our current WiFi solutions," said Bryan Thompson, CEO of RedMoon. "RedMoon currently has WiFi and fixed wireless service contracts in place with leading national residential builders and will soon be a recognized leader in the residential market. We are also involved in a number of municipal wireless mesh network projects and anticipate significant sales growth from implementing and managing city government mobile data broadband networks." wi fi network
wifi network
About RedMoon Broadband Inc (www.redmoonbroadband.com) wifi provider
wi fi technology
RedMoon specializes in the design, construction and maintenance of wireless high-speed Internet networks, public "Hot Spot" user authentication services, as well as back office data and billing management systems for ISPs. WiFi, also known as 802.11b, has now become the most popular, worldwide standard for wireless local area networks in offices, homes and public spaces. RedMoon Neighborhood Networks, WiFi Hot Spots, homebuilders, schools, libraries, medical facilities and government buildings can benefit from high-speed Internet access at a fraction of the cost of traditional broadband services. RedMoon eliminates the need for last-mile copper connectivity and is able to combine out-of-this-world speed with down-to-earth-pricing. wifi seeker
wifi technology
About NewMarket Technology Inc. (www.newmarkettechnology.com) wifi solutions
wifi access point
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. mobile wifi
phones with wifi
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. wifi hot spots
wifi cards
Contacts wifi spots
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long range wifi
NewMarket Technology, Inc., Dallas linksys wifi
Investor Relations, 972-386-3372 ext. 211 wifi hotspots
Email: ir@ipvoice.com wifi extender
www.newmarkettechnology.com
www.ipvoice.com
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