Contact Information: Contact: NewMarket Technology, Inc. Investor Relations 214-722-3065 ir@newmarkettechnology.com www.newmarkettechnology.com
NewMarket Technology, Inc. and digiMedical Solutions, Inc. Announce Healthcare Technology Launch Anticipated to Reach $20 Million in First Year Organic Sales
Both Companies to Benefit Through Increased Sales and Profits Resulting From Cross-Selling of Complementary Healthcare Technology Portfolio
| Source: NewMarket Technology, Inc.
DALLAS, TX--(Marketwire - May 1, 2008) - NewMarket Technology, Inc. (OTCBB : NMKT ) and
digiMedical Solutions, Inc. (PINKSHEETS : DGMS ) today announced a combined
Healthcare Technology service offering anticipated to achieve $20 million
from organic sales within the first year following the launch. The
combined service offering is intended to increase the revenue of both
Companies.
An Enhanced Service and an Opportunity to Increase Sales through
Cross-Selling
NewMarket and digiMedical each provide Healthcare Technology solutions.
The respective solutions are complementary. The current customer lists of
each Company are separate. The combination of the respective solutions
creates a better overall Healthcare Technology solution. The separate
customer lists create an immediate cross-selling opportunity for both
NewMarket and digiMedical.
A Dozen New digiMedical Contracts Since the First Step with NewMarket
The two Companies have worked on a combined Healthcare Technology offering
since the end of 2007. One step in building the combined service offering
was taken in February this year when Philip M. Verges, the CEO of
NewMarket, was added to the digiMedical board of directors. Since the
initiation of the relationship with NewMarket, and the recent restructuring
of the digiMedical Florida Sales division, digiMedical has signed about a
dozen new contracts with medical practices to provide digital prescription
handling.
digiMedical Digital Prescription Handling Software and Pharmacies
digiMedical Solutions, a Microsoft Partner, with operations in Texas and
Florida, has built its own suite of proprietary software to handle
prescriptions digitally from the physician's office to the pharmacy,
securely and in compliance with all DEA and HIPAA requirements. The suite
of software includes digiRX, digiRxStream, digiReauth, digiRxComp, and now
digiAccounting and the Company owns and operates five pharmacies throughout
Texas and Florida.
NewMarket's Healthcare Technologies
NewMarket currently has interests in three innovative healthcare technology
solutions that complement the digiMedical solution. One healthcare
technology is a software solution than manages inventory control of
prescription drugs. The solution was developed in conjunction with a
contract with the State of Kentucky to pilot a software solution that
improved the control of prescription drug distribution. A second software
solution supports medical office operations management. The third
technology solution consists of an enterprise software and wireless vital
signs collection and dissemination system, to improve patient quality of
care and decrease healthcare costs.
NewMarket Technology and digiMedical into the Future
NewMarket and digiMedical intend to expand upon the current combined
Healthcare Technology service offering. Both Companies share a similar
vision of continuously introducing innovative new technology solutions.
The Companies intend to learn from the results of the existing relationship
and build upon the relationship a more comprehensive long term enterprise
with a broader range of innovative Healthcare Technology solutions.
Corporate Information and E-mail Updates
To be added to NewMarket Technology's e-mail database to receive company
updates or to obtain more information on the Company, please send an e-mail
to ir@newmarkettechnology.com or call 214-722-3065.
About digiMedical Solutions, Inc. ™
digiMedical Solutions, Inc.™ (http://www.digimedical.com) is a pharmacy
and medical technology company focused on developing next generation
digital medical technology with an emphasis on digital prescriptions
(d-Prescriptions) that will more closely align the doctor, pharmacist and
patient. The company's planned growth will come from three channels: direct
marketing of the company's wireless base d-prescription technology to
doctors, acquisition of independent pharmacy chains and the sale of certain
territories to "market partners" licensed to exploit the digiMedical
Solutions™ model. digiMedical Solutions, Inc.™ currently owns and
operates five (5) pharmacies located in Texas and Florida. digiMedical
Solutions'™ unique business model brings doctor, patients and pharmacies
into next generation medical technologies.
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 systems integration and
maintenance services to support the prevailing industry standard solutions
from companies such as Microsoft, Oracle, Infor, Cisco Systems, SAP, Siebel
and Sun Microsystems. Concurrently, NewMarket continuously seeks to acquire
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
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include, Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and
Number Five in North America on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company grew
from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005.
The company has continued its rapid growth, reporting $77.6 million in
revenue with a net income of $5.8 million in 2006 and most recently $93.1
million in revenue with a net income of $7.3 million in 2007.
"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.