NewMarket Technology, Inc. Partners with Digium, Inc., the Asterisk Company
IP Global Voice currently contributes approximately $10 million in annual profitable sales to NewMarket's overall revenue. Last year, NewMarket reported $77.6 million in annual revenue with $5 million in net income. The partnership with Digium can substantially accelerate the expansion of IP Global Voice's VoIP Small and Medium Business (SMB) market share.
Asterisk has many hundreds of motivated and qualified professionals and engineers contributing daily to its development. Unlike proprietary closed systems like Cisco, Avaya, Nortel, and Alcatel, which tend to be more expensive and less flexible, XIPTEL's focus on Asterisk lowers costs, and takes maximum advantage of the enormous flexibility built into the Asterisk ecosystem.
"IP Global Voice offers a wide range of hosted and premise based telephone services," said Peter Geddis, CEO for IP Global Voice. "Open source technologies and developments are changing the way businesses are built. From desk top applications to core systems including telephone and data network applications, the open source direction is taking off like wildfire. Virtually every major carrier and service provider has Asterisk working in their lab or in field tests. The large legacy companies know it's coming and they are desperately trying to figure out how to defend themselves. It's clearly a case of 'get on board or get out of the way.'"
Asterisk, coupled with other open source technologies, is a lower cost, highly flexible replacement for expensive software platforms, similar to the one on which the XIPTEL offering was originally launched. The old one will be replaced. This is not the company's first move in the open source direction. XCCP, XIPTEL's back office system designed and built internally from the ground up, is a high performance, easily scalable environment built entirely on proven open source technologies, using Linux, Apache, MySQL, and PHP. XCCP has been running XIPTEL's back office with key functions since early 2006.
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About IP Global Voice, Inc. (www.ip-gv.com)
IP Global Voice continues to expand its business service and product offerings to offer a full range of managed IT services for small, medium and large commercial customers. IPGV, with operating divisions Corsa Network Technologies and XIPTEL Communications, offers full end-to-end IP based solutions for business customers, including hosted and premise based VOIP telephone systems, IP PBX hardware and managed systems solutions, high-end network security technologies, and other cutting edge network and productivity enhancement products. IP Global Voice Inc. offers dozens of other products and services for every business need having partnerships with high profile companies such as Digium/Asterisk, 3Com, Riverbed, Juniper Networks, Ae6, Bradford Networks, Mirapoint, Tipping Point, and others.
About Digium (www.digium.com)
Digium®, Inc., the Asterisk company, is the original creator and primary developer of Asterisk, the industry's first open source telephony platform. Digium provides hardware and software products, including AsteriskNOW™, the complete open source software appliance; Asterisk Business Edition™, the professional-grade version of Asterisk; and the Asterisk Appliance™, hardware-based telephony solution, to enterprises and telecommunications providers worldwide. Digium also offers a full range of professional services, including consulting, technical support, and custom software development.
Used in combination with Digium's telephony interface cards, Asterisk offers a strategic, highly cost-effective approach to voice and data transport over IP, TDM, switched and Ethernet architectures. Digium's offerings include VoIP, conferencing, voicemail, legacy PBX, IVR, auto attendant, media servers and gateways, and application servers and gateways.
Code for Asterisk has been contributed from open source software engineers around the world. Currently boasting over two million users, Asterisk supports a wide range of TDM protocols for the handling and transmission of voice over traditional telephony interfaces, featuring VoIP packet protocols such as SIP and IAX among others. It supports U.S. and European standard signaling types used in business phone systems, allowing it to bridge between next-generation voice-data integrated networks and existing infrastructure.
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 global network of Solution Integration subsidiaries in North America, Latin America, China and Singapore.
NewMarket maximizes shareholder return on investment by independently listing consolidated regional and emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. Currently, NewMarket Technology is the parent company to two publicly listed regional subsidiaries, NewMarket Latin America, Inc. (PINKSHEETS: NLAI) and NewMarket China, Inc. (OTCBB: NMCH).
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. 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.