NewMarket Technology, Defense Technology Systems and SkyLynx Communications Explore Combined Homeland Security Strategy; SkyLynx's Secure Wireless Solution Central to Municipal Homeland Security Strategy
NewMarket Technology Inc. (OTCBB:NMKT message board), Defense Technology Systems (OTCBB:DFTS message board) and SkyLynx Communications (OTCBB:SKYC message board) announced today ongoing discussions to explore a combined Homeland Security strategy. The three companies are considering the combination of corporate resources to create a compelling Homeland Security solution offering for domestic and foreign municipal governments.
Defense Technology Systems had announced launching a search for Homeland Security solutions and technologies earlier this year. Defense Technology has been actively seeking solutions that fit into a product portfolio focused on preemptive, precautionary and resilient response solutions. The managements of NewMarket, Defense Technology and SkyLynx have been discussing mutually beneficial strategies to enhance the shareholder value of each company by aggressively exploiting targeted security solutions and expanding the target markets.
All three companies have recognized the need to provide Homeland Security solutions to municipal governments and developing economic allies. Cities and developing economic allies are primary terrorist targets and as such, become a virtual "military outpost" in the eyes of terrorist organizations. Domestic cities and developing countries are new to the general disciplines required of a "military outpost." The threat of terrorism is also substantially different from the threat of a conventional military attack. In either regard, these potential city targets and developing countries allied with the U.S. are in need of emerging technologies and innovations to equip themselves for this new terrorist threat.
About Defense Technology Systems (www.DefenseTechnologySystems.com)
The Company has recently implemented a revitalization and redirection plan to leverage its experience in providing digital communication infrastructure solutions to Fortune 1000 companies and expand into providing overall Homeland Security solutions to major metropolitan municipalities. To accelerate the plan, Defense Technology earlier this year acquired a majority interest in an established defense engineering firm with 20 years of experience and a portfolio of proprietary technologies. The acquired company is a leading edge technology company specializing in engineering hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. In the acquisition, Defense Technology also established a strategic equity partnership with NewMarket Technology Inc. (OTCBB:NMKT) expected to accelerate organic sales growth of Defense Technology's products. Management intends to expand its Homeland Security product portfolio through further acquisition.
About SkyLynx (http://www.skylynx.com)
SkyLynx Communications Inc. is a provider of wireless data services for vehicle tracking and data communications for mobile and static applications. The Company's wireless network is being deployed on a national basis and has been well received for its ability to provide cost effective broad geographic coverage. The ability of the SkyLynx network to track vehicles is not affected by topography, buildings, trees or other hindrances to line-of-sight tracking. It has a range many times greater than that of cellular and 3G systems, and it costs significantly less than satellite tracking.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket Technology Inc. is a Systems Innovation Company. NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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) and Sun Microsystems (Nasdaq:SUNW). At the same time, 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's emerging technology portfolio includes products for the Telecommunications, Healthcare, Homeland Security and Financial Services industries. NewMarket delivers its portfolio of products and services through its global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore. As a Systems Innovator, NewMarket has set itself apart from the systems integration market through the introduction of a technology business model that monetizes the value of emerging technologies to improve corporate profits and enhance shareholder value with the regular issue of dividends.
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.
NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
