Intercell International, Inc. Stock Symbol Change to IICP Reported by OTCBB Resulting From Recent Transaction with NewMarket Technology, Inc.
Intercell International Corporation (OTCBB:IICP) today announced a stock symbol change. The OTCBB reported yesterday that the symbol had changed from IICPQ to IICP. The "Q" previously included on the end of the symbol was an indication that the Company was operating in bankruptcy. As part of the recently announced transaction with NewMarket Technology, Inc. (OTCBB:NMKT), Intercell was dismissed from bankruptcy prompting the removal of the "Q" from the Intercell symbol.
Intercell and NewMarket recently announced completing the transaction to reorganize NewMarket's Chinese operation with $20 million in anticipated 2006 revenue into Intercell. NewMarket's Chinese operation reported $10 million in revenue through the first two quarters of 2006. NewMarket acquired the majority interest in Intercell resulting in the NewMarket Chinese operation becoming an independently listed, consolidated subsidiary.
Intercell has approximately 25 million shares issued and outstanding. The average six month share price is $0.079 with an average daily volume of 59,692 shares. Intercell's share price closed yesterday at $0.09.
"The Intercell stock symbol change represents substantial progress," said Philip Verges the CEO of Intercell's largest shareholder, NewMarket Technology, Inc. "Intercell is not only out from under bankruptcy proceedings, but now also has a significant ongoing operation in the fastest growing economy in the world. The transaction between NewMarket and Intercell has taken some time and has involved some complexity which has delayed, in my view, the market's appreciation of the significant fundamental financial improvement in IICP. Now that the symbol reflects the Company's bankruptcy being dismissed, the market can focus on future financial progress. With IICP's 2006 fiscal year ending September 30th and already behind us, we look forward to reporting on continued revenue growth for 2007 to both shareholders of Intercell and NewMarket Technology."
Intercell Town Hall Meeting Presenting New Chinese Operation
The NewMarket China Town Hall will be held at the Hyatt Regency Denver Tech Center (techcenter.hyatt.com/hyatt/hotels/index.jsp) on November 16, 2006, at 2:30 p.m. MST. American Airlines (NYSE:AMR) and Avis Rental Car (NYSE:CAR) have offered NewMarket discounted rates on travel to Denver. To receive the discounted airfare, please go to www.aa.com or call 1-800-433-1790 and use discount code "A79N6BA." To take advantage of discounts with Avis, please go to www.avis.com and use code "B136001."
If you have any further questions, or would like to RSVP to the NewMarket China Town Hall please contact Whitney Marks at 214.722.3052 or wmarks@newmarkettechnology.com.
Deloitte Fast 500 Award
Deloitte recently announced NewMarket Technology is ranked fifth on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. NewMarket Technology grew 31,633 percent from less than $1 million in revenue in 2001 to over $50 million in profitable revenue in 2005, making NewMarket the fastest growing company in Texas on the Fast 500 ranking and the first Texas-based company to make the Top 5 since 2001. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
To be added to NewMarket's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@newmarkettechnology.com.
About NewMarket Technology Inc. (www.newmarkettechnology.com)
NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assisting its clients with 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) 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.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas--audit, tax, consulting and financial advisory services--and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names.
In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's Web site at www.deloitte.com/us.
"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.
NewMarket Technology, Inc.
Rick Lutz, Investor Relations, 404-261-1196
ir@newmarkettechnology.com
www.newmarkettechnology.com
Source: Business Wire (November 2, 2006 - 10:05 AM EST)