BNET Industries

Market Cap:$1.3M
Last Fiscal Year Sales:$95.1M
  • Public
  • US
Dow Jones Description

Nova Enterprises, Inc (the "Company") was incorporated in the State of Nevada on February 19, 1997, to develop and produce a unique proprietary software solution for use in Internet Telephony (hereafter referred to as "IP Telephony"). In March 1998, the Company entered into a reorganization agreement, pursuant to which our predecessor exchanged 9,000,000 shares of its common stock for all of the outstanding common shares of a private operating company known as IPVoice Communications, Inc. ("IPVCDE"), a transaction commonly referred to as a "reverse acquisition." In general terms, a reverse acquisition is a transaction in which the inactive public entity acquires an operating company and then changes its name as the surviving parent corporation to the name of the subsidiary and allows the subsidiary to appoint management in the surviving public entity. Thereafter, the subsidiary may formally merge with the parent or may continue to operate as a separate operating subsidiary. In this case, the subsidiary transferred all of its assets to the parent. The reorganization agreement was accounted for as a reorganization of IPVCDE.

Chairman, Chief Executive Officer, Director
Philip Verges
Number of Employees 600
Contact Information

14860 Montfort Dr Ste 210

Dallas, Texas 75254

newmarkettechno...

(972) 386-3372

NAICS Code : 517910

Recent Events

  • NewMarket Technology, Inc. Reviews $36 Million Contract Signed by Chinese Subsidiary and $100 Million 2010...

    1/12/10 - Product Announcement - View Story

  • NewMarket Technology Offers Update Webcast on Greenfield Program Progress

    12/29/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. Makes Shrewd Move to Seize Technology Sector Opportunity Signaled by HP,

    12/10/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. Announces the Small Equity Initiative

    11/27/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. Announces 3 Anticipated Dividend

    10/28/09 - Stock Split / Dividend - View Story

  • NewMarket Technology, Inc. to Release Exclusive Strategic Update Webcast on $75 Million in 2009 YTD...

    10/26/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. Presents $1 Billion 2015 Plan After

    10/13/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. $20 Million Latin American Operation

    10/12/09 - Joint Venture / Alliance - View Story

  • NewMarket Technology, Inc. $20 Million Latin American Operation to Be Quoted on OTCBB With Dividend...

    10/12/09 - Merger / Acquisition - View Story

  • NewMarket Technology announces $33 million outsourcing agreement with WBA

    8/26/09 - Joint Venture / Alliance - View Story

  • NewMarket Technology, Inc. Announces $33 Million Outsourcing Agreement in South America

    8/25/09 - Joint Venture / Alliance - View Story

  • NewMarket Technology, Inc. Announces Launch of $30 Million Service Contract in China

    8/09/09 - Financial Announcement - View Story

  • NewMarket Technology, Inc.: NewMarket Technology, Inc. Releases Webcast Reviewing Management Buyback, YTD Performance and Optimistic...

    3/05/09 - Product Announcement - View Story

  • NewMarket Technology, Inc. Management to Review 36% Net Income

    11/18/08 - Financial Announcement - View Story

  • NewMarket Technology, Inc. Announces $10.5 Million Managed Services Contract With WBA Telecommunications, S.A. to Provide...

    7/25/08 - Joint Venture / Alliance - View Story

  • OTCPicks.com: OTCPicks.com Stocks to Watch for Thursday, February 21st ENCY, WWSG, TOFS, VRED, MDII, BDGR

    2/21/08 - Merger / Acquisition - View Story

News & Analysis

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china and dr. and newmarket technology inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Kristi J Kampmann Chief Financial Officer
Larry Wu Vice President of Business Development
Elizabeth Hunter

Board of Directors

Name (plus bio) Position
Philip Verges Chairman, Chief Executive Officer, Director
Philip J Rauch Chief Financial Officer and Board Member
Frank Romanoski Board of Directors
Hugh G. Robinson Board Member
James L. Mandel Board Member
Kenneth Blow Board Member
Mallory Smith Board of Directors
Mark Richards Board of Directors
Paul Danner Board of Directors
R Mark Richards Board of Directors

As Chief Executive Officer and Chairman of NewMarket, Mr. Verges brings a wealth of business and technology experience and leadership to the Company. In his first foray into the role of entrepreneur, Mr. Verges founded VergeTech International (VTI) in 1997, a firm that specialized in leading edge technology services. After merging VTI with IPVoice Communications in 2002, Mr. Verges developed and implemented the Company's new business strategy of launching market-entry technology advancements into early and mainstream technology products and services through established Systems Integration relationships. Thus was born NewMarket Technology, Inc. Since that time, Mr. Verges has been instrumental in NewMarket's successful acquisition of technology-based companies in North America, Asia and Latin America. A graduate of the U.S. Military Academy at West Point, Mr. Verges served with distinction in a wide variety of important engagements to include research and development of counter terrorism communication technologies and practices. After fulfilling his post-graduate military duties for the United States, Mr. Verges elected to pursue the private sector and was honorably discharged with the rank of captain. Mr. Verges' early career after the Army was spent with Electronic Data Systems (EDS) in the Computer Sciences Research and Development Department of General Motors. Mr. Verges' first business start-up experience was with EDS in a new division concentrating on call center technology in financial institutions. He later added to this experience with the task of opening an entirely new geographic region for a $30 million technology services business. Finally, with the launch of his own company in 1997, Mr. Verges accomplished professional independence. He grew his firm from $300,000 in first year sales to over $11 million in year four; growth funded primarily from operational income. After merging VTI into the now NewMarket Technology, Inc., Mr. Verges continued to grow the new company to over $50 million in annual sales. Dissatisfied with merely adapting to keep pace, he sought to pioneer by strategically positioning the Company to be at the forefront of identifying and marketing emerging technologies the world over. Today, NewMarket employs over 400 people in six countries, and services customers around the globe. In addition to leading NewMarket, Mr. Verges is also a sought after public speaker, delivering speeches throughout the year on topics ranging from emerging technologies to financial markets. Currently, Mr. Verges is also developing a book, which will be a guide to start-up financing for the high-tech entrepreneur. Outside of work, Mr. Verges, along with his wife of nearly 20 years, spends his time raising their five children.

Organization Position Status
Newmarket Technology, Inc. Chairman, Chief Executive Officer, Director Current
Newmarket Corporation Chairman Current
Enable Ipc Corporation Board of Directors Current
IP Global Voice, Inc. Chairman and Chief Executive Officer Former
Newmarket Corporation Chief Executive Officer Former
Newmarket Technology, Inc. Board of Directors Former
United States Military Academy Former

Organization Position Status
Newmarket Technology, Inc. Chief Financial Officer Current
Aspeon, Inc. Board of Directors Current
Vyta Corp Chief Financial Officer and Corporate Secretary Former
University of Colorado M.B.A. Former
University of Minnesota B.A. Former

Organization Position Status
Newmarket Latin America, Inc. CFO & Secretary Current
Newmarket Technology, Inc. Chief Financial Officer and Board Member Current
IP Global Voice, Inc. Chief Financial Officer and Board Member Current
Newmarket Corporation Current
American Management Association Board of Directors Current
Construction Financial Management Association Board of Directors Current
American Management Association Member Current
Columbus Construction Company Cfo Former
Defense Technology Systems, Inc. Chief Operating Officer and Chief Financial Officer Former
AboveNet, Inc. Vice President of Business Operations Former
Columbus Construction Company Vice President Former
Newmarket Technology, Inc. Chief Financial Officer & Director Former
Newmarket Latin America, Inc. Board of Directors Former

Organization Position Status
Newmarket Technology, Inc. Vice President of Business Development Current

Organization Position Status
Newmarket Technology, Inc. Current

Organization Position Status
Newmarket Technology, Inc. Board of Directors Current

Mr. Robinson brings to the New Market board of directors a great deal of leadership both in the private sector and in the military. Retiring from the United States Military with the rank of Major General, Mr. Robinson also is a former chairman and board member of the Federal Reserve Bank of Dallas. Currently, Mr. Robinson is a member of the Board of Directors of CarMax, Inc., Aleris International, Inc. and a member of the Advisory Board of TXU Corp. Additionally, Mr. Robinson serves on the Board of Directors of the North Texas Public Broadcasting Co., Inc., the LBJ Foundation, Inc., and the Better Business Bureau. He is a member of the Dallas Citizens Council, the National Society of Professional Engineers, the Greater Dallas Chamber and the Dallas Black Chamber. A graduate of the U.S. Military Academy at West Point, Mr. Robinson also earned a Master's Degree in Civil Engineering at Massachusetts Institute of Technology (MIT). In addition, he received an honorary Doctor of Laws degree from Williams College and attended the Harvard Management Program for Executives. Mr. Robinson's military career included a number of prestigious posts that included aide de camp to President Lyndon B. Johnson. After retiring from the military, Robinson joined The Southland Corporation as vice president and president of Cityplace Development Corporation, a subsidiary of Southland. From 1989 through 2002, Mr. Robinson served as Chairman and Chief Executive Officer of The Tetra Group, Inc., a Dallas construction management company with divisions in Minority Business Development and affordable housing.

Organization Position Status
CarMax, Inc. Board of Directors Current
Newmarket Latin America, Inc. Board Member Current
IP Global Voice, Inc. Board Member Current
Newmarket Technology, Inc. Board Member Current
Federal Reserve Bank of Dallas Board Member Current
Cityplace Development, LLC President Former
Cityplace Development, LLC Vice President Former
Southland Corporation Vice President Former
Federal Reserve Bank of Dallas Chairman Former
Aleris International, Inc. Board of Directors Former
Circuit City Stores, Inc. Board of Directors Former

James Mandel has been the Chief Executive Officer and a director of Multiband Corporation (NasdaqCM: MBND) since October 1, 1998. Prior to August 2006, Multiband was an affiliate of the Company, owning approximately 51%, of the Company after the remaining 49%, of the Company's shares had been spun-off to Multiband shareholders of record as of August 10, 2006. Multiband is a Minnesota corporation based in New Hope, Minnesota, and is principally engaged in the business of offering voice, data and video series to residents of multi-dwelling units, and also serves as the master service operator and marketer of DirecTV services to residents of multi-dwelling units. Mr. Mandel was co-founder of Call 4 Wireless, LLC, a telecommunications company specializing in wireless communications, and served as its Chairman and a member of its Board of Directors from December 1996 until October 1998, and as its interim Chief Executive Officer from December 1996 until December 1997. From October 1991 to October 1996, he was Vice President of Systems for Grand Casinos, Inc., where his duties included managing the design, development, installation and on-going maintenance for the 2,000 room, $507 million Stratosphere Hotel, Casino and Tower in Las Vegas. Mr. Mandel also managed the systems development of Grand Casino Mille Lacs, in Onamia, Minnesota, Grand Casino Hinckley in Hinckley, Minnesota and six other casinos nationwide. He formerly served as Chairman of the Board of Directors for CorVu Corporation, an international software development company which was sold in June of 2007, and currently serves as a director for NewMarket Technologies, an international technology company based in Dallas, Texas. Mr. Mandel has served as a director of the Company since December 31, 2007.

Organization Position Status
Western Capital Resources, Inc. Chief Executive Officer Current
CorVu Corporation Chair Current
Multiband Corporation Chief Executive Officer Current
CorVu Corporation Board of Directors Current
Multiband Corporation Director Current
IP Global Voice, Inc. Board Member Current
Newmarket Latin America, Inc. Board Member Current
Newmarket Technology, Inc. Board Member Current
Western Capital Resources, Inc. Board of Directors Current
New Market Technologies, LLC Director Current
Multiband Corporation President Former
Grand Casinos Inc. Vice President of Systems Former
LP Wireless Co-Founder Former
LP Wireless Chairman Former

Mr. Blow started his career with Xerox Corporation as a marketing representative and then moved to Digital Equipment Corporation as a major account manager in the energy market. His last corporate assignment was with Microtel Pacific Research in Vancouver, British Columbia where he was a national account manager. Mr. Blow graduated from Prairie View A&M University in 1979 with a BA in Finance and currently sits is on its advisory board for the college of business.

Organization Position Status
Newmarket Technology, Inc. Board Member Current

Organization Position Status
Newmarket Technology, Inc. Board of Directors Current
Small Business Finance Board of Directors Current

R. Mark Richards. Mr. Richards has served as the President and Chief Executive Officer of the Company from March 16, 2005 to October 18, 2006. Mr. Richards served as a director of the Company from February 2000 through February 15, 2007. From October 21, 2003 to January 30, 2004, Mr. Richards served as the President and Chief Executive Officer, Pro Tem. Mr. Richards graduated in 1973 from Colorado School of Mines, in Golden, Colorado, with a Bachelor of Science-Engineering. He also attended the University of Colorado in Boulder and completed a course in Project Management. Mr. Richards worked for the Public Service Company of Colorado for 15 years in various management positions, including Director Business Development and is currently employed at the Rocky Flats Environmental Technology Site, where he has served in various capacities, including Program Manager.

Organization Position Status
Newmarket Technology, Inc. Board of Directors Current
Newmarket Technology, Inc. Chief Executive Officer Former
Colorado School of Mines Bachelor of Science, Engineering Former
University of Colorado Former

Organization Position Status
Newmarket Technology, Inc. Board of Directors Current
Newmarket Technology, Inc. Managing Director Former
Paragon Financial Corp Chief Executive Officer Former
Newmarket Technology, Inc. Chief Executive Officer Former
Paragon Corporation Co-Founder Former
Paragon Financial Corp Chairman Former
Old Dominion University Mba Former
Colorado State University Bachelor of Science Degree In Business Finance Former

R. Mark Richards. Mr. Richards has served as the President and Chief Executive Officer of the Company from March 16, 2005 to October 18, 2006. Mr. Richards served as a director of the Company from February 2000 through February 15, 2007. From October 21, 2003 to January 30, 2004, Mr. Richards served as the President and Chief Executive Officer, Pro Tem. Mr. Richards graduated in 1973 from Colorado School of Mines, in Golden, Colorado, with a Bachelor of Science-Engineering. He also attended the University of Colorado in Boulder and completed a course in Project Management. Mr. Richards worked for the Public Service Company of Colorado for 15 years in various management positions, including Director - Business Development and is currently employed at the Rocky Flats Environmental Technology Site, where he has served in various capacities, including Program Manager.

Organization Position Status
Newmarket Technology, Inc. Board of Directors Current
Newmarket Technology, Inc. President & CEO Former
Colorado School of Mines Bachelor of Science, Engineering Former
University of Colorado Former
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     NWMT $0.01 0.00 (0.00% )
Average Volume 2,903,760
Shares Outstanding 18.66M
Market Cap 251.9K
Year High 1.01
Year Low 0.01
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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