Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com http://www.newmarketchina.com
NewMarket China, Inc. to Review 2007 Organic Growth to Approximately $40 Million From $29 Million in 2006 at Town Hall Meeting January 17 in Dallas
2008 Business Plan to Be Presented With Recent Company Research Coverage Reporting Fair Value Target Price of $0.83 vs. Recent $0.125
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - January 10, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
announced CEO John T. Verges will be presenting the company's business plan
and growth in 2007 to approximately $40 million in revenue over 2006
revenue of $29.5 million. The presentation will be part of the upcoming
NewMarket Technology, Inc. (OTCBB : NMKT ) Annual Town Hall meeting scheduled
for Thursday, January 17, 2008 at 3:30 pm CST at the Fairmont Hotel in
Dallas, Texas (www.nmktevents.com).
NewMarket Technology, Inc. Family of Companies
NewMarket China is one of the NewMarket Technology family of companies.
The NewMarket business strategy is to empower business entrepreneurs with
the capital and corporate infrastructure to grow concepts into sustainable
businesses. NewMarket works with entrepreneurs in North America and
throughout the world. NewMarket is empowering business entrepreneurs and
small businesses in China, Southeast Asia, South America, Africa and the
Middle East. Over the course of the past five years NewMarket has grown to
approaching $100 million in profitable annual revenue through its mission
to assist business entrepreneurs and small businesses throughout the world.
Learn More about the NewMarket Town Hall Meeting and Register to Attend
Anyone interested in attending the NewMarket China presentation and
NewMarket Technology Town Hall may register for free and find more details
on the event at www.nmktevents.com. The Town Hall is only held once a year
and provides shareholders an opportunity to receive updates on company
growth and plans for the upcoming year and to meet company management in an
interactive forum.
Learn More about Emerging and Frontier Markets Following the Town Hall; New
York Times and USA Today National Bestselling Author of "Built To Serve:
How to Drive the Bottom Line with People-First Practices" to be Keynote
Speaker.
In conjunction with the annual Town Hall, NewMarket China is a sponsor for
an educational seminar for investors and businesses to learn more about the
opportunities in the rapidly growing emerging economies worldwide, to
include China. The seminar will take place Friday, January 18, 2008 from
8am - 5pm CST also at the Fairmont Hotel in Dallas (www.nmktevents.com).
Dan Sanders, author of New York Times and USA Today National Bestseller
"Built To Serve: How to Drive the Bottom Line with People-First Practices,"
will be the keynote speaker at the seminar.
The seminar will focus on financing and investing for small business and
technology in global emerging markets, with a special focus on Brazil,
China and Africa. The format for the seminar will be panel discussion
sessions lead by subject matter experts on investment and financing in
emerging markets and on the Brazilian, Chinese and African markets. Guest
panelists currently include Joseph Wambia, formally with the World Bank,
William Weiss, Honorary Consul for the Republic of Malta, and Dr. Flavio
Chaves, Assistant to the Vice Governor of the State of Sao Paulo, Brazil.
Anyone interested in attending the seminar can register for free and find
more details on the event at www.nmktevents.com.
NewMarket China Recent CEOcast Interview
NewMarket China CEO John Verges was recently interviewed on the company's
business in China by CEOcast. The interview is available at
www.ceocast.com, and requires free registration.
Micros Research Report Fair Value Target Price of $0.83 vs. Recent $0.125
Research coverage of NewMarket China, Inc. has been initiated by Micros
Report Director of Research Michael Willingham. The Fair Value Target price
for NMCH of $0.83 was established using a peer comparison study and
widely-accepted valuation methodologies including Price-to-Earnings,
Price-to-Book, and Price-to-Sales, and based on the company's three years
of operational history in mainland China with roughly $90 million in
aggregate revenues.
The report is available in its entirety under the Media Center page under
"Recent Analyst Report - NewMarket China" at
http://www.newmarkettechnology.com/media.htm or by emailing
ir@newmarketchina.com.
Corporate Email Updates
To be added to NewMarket Technology's e-mail database to receive company
updates, please send an e-mail to ir@newmarketchina.com.
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
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include, Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and
Number Five in North America 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.
About NewMarket China, Inc. (www.newmarketchina.com)
NewMarket China, Inc. is a technology leader in the rapidly developing
Chinese market specializing today in software engineering, high quality
software development and digital multimedia outsourcing services delivered
to customers globally. At the same time, the firm is a systems integrator
and value added reseller of major global hardware brands in the Chinese
domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, NewMarket
China bridges the gap between Western and Eastern business cultures to
assist western clients in realizing the advantages of the high quality, low
cost technology products and services available from China. NewMarket
China also assists Western clients in localizing products and services to
realize the tremendous growth potential available by expanding into the
Chinese Market.
"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.