Enable IPC Corporation Announces NewMarket Technology,
Inc. CEO Philip M. Verges to join Enable IPC Board of
Directors
Printer friendly version
VALENCIA, CA--(MARKET WIRE)--Apr 19, 2007 -- Enable IPC Corporation (OTCBB: EIPC) today announced
that Mr. Philip M. Verges, CEO of NewMarket Technology, Inc (OTCBB: NMKT), will join the Enable IPC board
of directors effective April 30, 2007.
Mr. Philip M. Verges became the CEO of NewMarket Technology in 2002 after selling a technology company
he founded in 1997 to NewMarket. Since 2002, Mr. Verges has lead the construction of a unique business
model to continuously introduce new technologies to market. NewMarket has grown from approximately $1
million in revenue in 2002 to $77.6 million in revenue in 2006 with $4 million in net income. NewMarket has
been recognized for the past three years in the Deloitte Technology Fast 500, placing 3rd on the list in the
United States in 2006. Mr. Verges started his Technology career as a computer programmer at EDS in
1992. He is a graduate of the United States Military Academy at West Point, NY and served in the United
States Army for five years before starting his technology career.
Enable IPC and NewMarket Technology have complimentary businesses. Enable IPC is building an
organization to develop intellectual property (IP) into production technology products. NewMarket is winning
initial contract opportunities for early stage technology products. Mr. Verges’ experience managing a micro
cap publicly listed Technology Company and his ongoing participation in the emerging technology market
will enhance the overall ability of the board of directors to oversee the growth and maturity of Enable IPC. The
addition of Mr. Verges will also enable NewMarket and Enable IPC to more closely explore future emerging
technology partnership opportunities.
About Enable IPC (Intellectual Property Commercialization) Corp.
(www.enableipc.com)
Enable IPC Corporation has a patent application on a proprietary concept that combines thin film
manufacture with nanotechnology to produce a microbattery that the company believes will significantly out
perform comparable products and revolutionize the microbattery industry. The company's product is expected
to be smaller, cheaper, longer lasting, and more environmentally friendly than comparable existing products.
The microbattery is ideal for use in multiple applications including healthcare products, RFID tags, and
smart cards.
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 to include Microsoft (Nasdaq:
MSFT), Cisco Systems (Nasdaq: CSCO), SAP (NYSE: SAP), Siebel (Nasdaq: ORCL) and Sun Microsystems
(Nasdaq: SUNW). Concurrently, NewMarket continuously seeks to acquire undiscovered 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 independent listing of consolidated regional and
emerging technology subsidiaries in order to issue subsidiary stock in shareholder dividends. 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.
Forward-Looking Statements:
This release contains forward-looking statements, such as "believes," "expected" and similar terminology,
which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These forward-looking statements involve risks and uncertainties which could cause actual results
that the Company achieves to differ materially from any of the forward-looking statements. Such risks and
uncertainties, include, but are not limited to, the following: the timely development and market acceptance of
products and technologies, the ability to secure additional sources of financing, the difficulties in forecasting
results from development efforts, difficulties in accurately estimating market growth, the impact of changing
economic conditions, business conditions in the microbattery industry and others identified in our Annual
Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. The
company undertakes no obligations to revise or update any forward-looking statements in order to reflect
events or circumstances that may arise after the date of this release.
Contact:
Contact:
Enable IPC Corporation
Rich Kaiser
800-631-8127 (Investor Relations)
ir@enableipc.com
