VANCOUVER, British Columbia, March 18, 2005 (PRIMEZONE) -- Newmark Ventures, Inc. (OTCBB:NWMV)("Newmark") Newmark today says it is unaware of any reasons for the sharp increase in its stock price and increase in the trading activity of its stock.
Newmark confirmed that it continues to have discussions with potential development partners and a team is being put together to manage the design, development, marketing and deployment of Trondheim. This development will provide internet users of all ages and interests a safe, stimulating and multi-faceted multi-use web environment. Trondheim will be used to communicate, play individual and interactive games, trade virtual and real products, and develop both closed and open communities of interest.
Management is further considering financing plans to fund the development of the Trondheim platform. Details regarding Newmark's progress in developing Trondheim will be disclosed once agreements have been secured with development, marketing and finance partners.
Newmark confirmed that the Board of Directors approved a 3 for 2 forward stock split to increase the number of shares that are outstanding. As a result of the stock split, stockholders will receive one (1) additional common share for every two (2) shares held on the record date of the forward stock split.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward looking statements involve a number of risks and uncertainties. The actual results of Newmark may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Newmark encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB and Form 10QSB. Newmark's public filings may be viewed at www.sec.gov.