Growing REVENUES for NWMT could equal Growing PROFITS FOR US

Information Technology (IT) is “ubiquitous” in today’s marketplace. For those that don’t have their dictionary in hand, it means that it is everywhere.  The ability to transact business in today’s high-tech world economy is absolutely crucial and companies have dedicated themselves to supplying all manner of equipment, technology and know-how to keep their clients in the 21st century, technologically-wise.

In addition, the old “IT” definition has expanded to “ICT”, Information and communication technologies.  NWMT is also very involved in this area which include VOIP, mobile computing, mobile communications and telecommunications

Their is a great deal of competition in the space and very few companies stand out…in my opinion.

Today’s alert company is one of those that stand out:  NewMarket Technologies, Inc. (NWMT)

Don’t take my word for it…..others are saying it much louder than I am.  In fact, the Deloitte Fast 500, the Microsoft Partner Program and Software Magazine’s Annual Software 500 have all named NWMT to its “best of/fastest growth” lists in the years from 2005 to 2009.

So who is NWMT?

I heard someone describe NWMT’s business as “everything IT” and that is a good description.  I paraphrased a description from their site…here goes:

In a market that has seen significant constriction in both revenues and profits, NWMT is forecasting record revenues and profits for 2009. The headline on one of their recent PR’s says volumes about what the company is accomplishing

“NewMarket Technology, Inc. to Review Planned Dividend, $2 Million Debt Reduction and Pending Contracts to Increase $73 Million in New Contracts to Over $100 Million”  Read the full release here

Another headline highlights the strategic shift for NWMT that is allowing it to post record revenues:

“NewMarket Technology, Inc. Announces Over $73 Million in New Sales Year-to-Date”

In addition to the positive news that is coming from the company, the chart is also favorable and shows a penny stock that is looking like it could bounce:

• Stochastics indicate that it is oversold
• Volume is coming back into the penny stock
• MACD is neutral suggesting neither bullishness or bearishness.  The indicator could turn bullish if the volume continues to increase.
• There appears to be very little meaningful resistance between yesterday’s close at $.39 cents and the most recent high of $.55

Here are the links you need to do your own due diligence for this potentially promising penny stock:  Company Website - Yahoo! Finance - SEC Filings

NWMT says their new corporate direction, their emphasis on emerging markets and their knowledge and core competencies will continue to drive this company forward.  I have no reason to doubt them considering what they have accomplished.  I recommend, however, that you do your due diligence, get to know the company and get them on your radar right away.

Good luck and good trading!!

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