Earnings Call Excerpt
NewMarket Technology, Inc. (NMKT)
Q3 2008 Earnings Call
November 21, 2008 12:00 pm ET
Executives
Philip M. Verges - Chairman, Chief Executive Officer
Presentation
Welcome to the third quarter financial review webcast for NewMarket Technology, Inc. My name is Philip Verges and I am the Chief Executive Officer of NewMarket Technology.
Please take a look on your screen at the Safe Harbor Statement, and I encourage all of you, in addition to the information that you hear today, to go out and do more research on the company. In particular you should look at the public filings and disclosures that are available for NewMarket Technology at www.sec.gov.
In addition to discussing the Q3 2008 financials today, I am going to provide an industry update. I think, particularly in the prevailing economic environment today it is important for us to not just look at the company, but look at the framework of the market that we participate in, both the market where we are publicly traded, as well as the market where we are doing our business; where we are selling our services and what that looks like.
So we will review that. We will review the overall private investment and public equity market; the over-the-counter market, where we are listed; the prevailing regulatory environment and some of the things that are going on there; what NewMarket’s participation is in all of those things; and then, of course, we will review the Q3 financials, which many of you are probably already aware of but we will take a couple of different slices and looks at the numbers to be able to get a better picture of where we are.
Then we have some ongoing initiatives that we want to talk about, in regards to mergers and acquisitions and sales and stock buybacks. And we should also take a look at what the coming quarter and year looks like. Again, particularly in light of the prevailing environment, I think it is important that we communicate as frequently and as thoroughly as possible.
Why do I talk about the PIPE environment, the private investment in public equity environment? I think it is important to keep in mind that the primary reason corporations, small businesses, emerging markets, large businesses for that matter, list publicly is so that they can get access to capital; capital to help with existing operations, to make those operations more efficient, and in the instance of small or earlier-stage companies, they are looking for capital usually for growth. That is certainly the case with NewMarket Technology.
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