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
DALLAS, TX – May 1, 2008 – NewMarket Technology, Inc. (OTCBB: NMKT)
and digiMedical Solutions, Inc. (PINKSHEET: 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 creates 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 digMedical 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.
Corporate 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 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 such as Microsoft, 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. In 2006, the
company continued its rapid growth, reporting $77.6 million in revenue
with a net income of $5.8 million.
"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. |