August 3, 2006
New Mexico Software Marks Seven-Year Anniversary With New Products, Services
ALBUQUERQUE, NM, August 3 -- New Mexico Software, Inc. (OTC Bulletin Board: NMXC), www.nmxc.net, released a statement from President and CEO Richard Govatski on the company's seventh anniversary of when it became publicly traded.
"During the next several weeks, we will be announcing new developments including information about sales, personnel developments, product changes and new strategic partnerships and resellers," Govatski said. "Since the beginning of this year, we have been restructuring how we sell our products. Our goal remains to build revenue on a regular recurring basis and put less emphasis on custom programming. The plan is working. We have expanded our infrastructure by adding powerful Internet connectivity for our customers and, at the same time, we are providing better redundancy and reliability in our network connections.
"Our customers can now rely on multiple connections for our software services without having to pay additional costs in their monthly charges. We have added more customer support personnel to handle the many new customers that are signing on to our medical software systems and document management products.
"The evolution in our business model is continually adding stability and strength to the company. Many of our customers have been with us for the past seven years, including nearly all of our longest-standing customers in the entertainment industry. In the meantime, the market for our products is expanding. For the first time, we plan to enter the international market.
"We have been quietly developing the company's previously announced Sarbanes Oxley product with our former auditor, Brad Beckstead. This will become increasingly important for other public companies, which must be in a position to have an audit trail for their financial accounting at the start of 2007. Our product reduces the cost of compliance and is an integral software tool to assist in public company auditing.
"Our growth and improvement in our balance sheet have been an important part of our progress. New Mexico Software has been very active in trading during 2006 with more than 38 million shares traded since the beginning of the year. I'd like to thank our investors who have supported us during the past seven years."
About New Mexico Software
New Mexico Software is a leading provider of information management solutions that significantly improve the interface between the paper world and the digital world, facilitating a true paperless environment. It is the only public company providing web-based integrated services for individuals and companies, large or small, which allows full access to data from anywhere in an easy-to-use, familiar browser environment at an affordable price. For more information, visit either www.nmxc.net or www.nmxs.com, or contact Dick Govatski, president and CEO, at (505) 255-1999 or ceo@nmxs.com .
An investment profile on New Mexico Software may be found at Hawk Associates. For an online investor relations kit, visit www.hawkassociates.com or www.americanmicrocaps.com. For more investor-related questions, contact Frank Hawkins, Hawk Associates, at (305) 451-1888 or info@hawkassociates.com.