Enable IPC Corporation Announces NewMarket Technology, Inc. CEO Philip M. Verges to join Enable IPC Board of Directors
April 19 2007 - 9:54AM
Business Wire
Enable IPC Corporation (OTCBB:EIPC) today announced that Mr. Philip
M. Verges, CEO of NewMarket Technology, Inc. (OTCBB: NMKT), will
join the Enable IPC board of directors effective April 30, 2007.
Mr. Philip M. Verges became the CEO of NewMarket Technology in 2002
after selling a technology company he founded in 1997 to NewMarket.
Since 2002, Mr. Verges has lead the construction of a unique
business model to continuously introduce new technologies to
market. NewMarket has grown from approximately $1 million in
revenue in 2002 to $77.6 million in revenue in 2006 with $4 million
in net income. NewMarket has been recognized for the past three
years in the Deloitte Technology Fast 500, placing 3rd on the list
in the United States in 2006. Mr. Verges started his Technology
career as a computer programmer at EDS in 1992. He is a graduate of
the United States Military Academy at West Point, NY and served in
the United States Army for five years before starting his
technology career. Enable IPC and NewMarket Technology have
complimentary businesses. Enable IPC is building an organization to
develop intellectual property (IP) into production technology
products. NewMarket is winning initial contract opportunities for
early stage technology products. Mr. Verges� experience managing a
micro cap publicly listed technology company and his ongoing
participation in the emerging technology market will enhance the
overall ability of the board of directors to oversee the growth and
maturity of Enable IPC. The addition of Mr. Verges will also enable
NewMarket and Enable IPC to more closely explore future emerging
technology partnership opportunities. About Enable IPC
(Intellectual Property Commercialization) Corp. (www.enableipc.com)
Enable IPC Corporation has a patent application on a proprietary
concept that combines thin film manufacture with nanotechnology to
produce a microbattery that the company believes will significantly
out perform comparable products and revolutionize the microbattery
industry. The company's product is expected to be smaller, cheaper,
longer lasting, and more environmentally friendly than comparable
existing products. The microbattery is ideal for use in multiple
applications including healthcare products, RFID tags, and smart
cards. 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 integration and maintenance services to support
the prevailing industry standard solutions to include Microsoft
(Nasdaq:MSFT), Cisco Systems (Nasdaq:CSCO), SAP (NYSE:SAP), Siebel
(Nasdaq:ORCL) and Sun Microsystems (Nasdaq:SUNW). Concurrently,
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 delivers its portfolio of products and
services through its global network of Solution Integration
subsidiaries in North America, Latin America, China and Singapore.
NewMarket maximizes shareholder return on investment by independent
listing of consolidated regional and emerging technology
subsidiaries in order to issue subsidiary stock in shareholder
dividends. NewMarket ranked Number Five 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. Forward-Looking Statements: This release contains
forward-looking statements, such as "believes," "expected" and
similar terminology, which are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve risks and uncertainties
which could cause actual results that the Company achieves to
differ materially from any of the forward-looking statements. Such
risks and uncertainties, include, but are not limited to, the
following: the timely development and market acceptance of products
and technologies, the ability to secure additional sources of
financing, the difficulties in forecasting results from development
efforts, difficulties in accurately estimating market growth, the
impact of changing economic conditions, business conditions in the
microbattery industry and others identified in our Annual Report on
Form 10-KSB, as amended, and other Securities and Exchange
Commission filings. The company undertakes no obligations to revise
or update any forward-looking statements in order to reflect events
or circumstances that may arise after the date of this release.
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