Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com
NewMarket China, Inc. Corporate Overview Report on Yahoo! Finance Following 2008 $50 Million Revenue Forecast and $0.83 vs. $0.11 PPS Recommendation Announcements
PrecisionIR Delivers NewMarket China Report on Continued Rapid Growth
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - February 29, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
announced a new Corporate Overview Report available on Yahoo! Finance. The
report features NewMarket China's rapid growth from zero to nearly $40
million in annual revenue in just three years. Additionally, the report
features an overview of the Company's services, locations, subsidiaries,
technology partners and management.
To request a copy of the NewMarket China Corporate Overview Report, please
go to http://finance.yahoo.com/q?s=nmch.ob and click "Annual Report for
NMCH.OB" under the company's stock chart. The report on Yahoo! Finance has
been provided as a service by PrecisionIR (www.precisionir.com).
PrecisionIR is well known for its Vcall service, providing corporate
earnings calls in addition to other webcasts and interactive webinar
services.
25% Forecasted 2008 Growth to Profitable $50 Million in Revenue
NewMarket China announced this week a 2008 forecast anticipating
twenty-five percent growth to $50 million in profitable revenue. The
Company reported $29.5 million in revenue in 2006 and estimates reporting
$40 million in revenue for 2007. The Company has reported $27.9 million in
revenue for the first three quarters of 2007. The Company has maintained
breakeven profitability for the last two years. The anticipated revenue
increase has been forecasted on expected organic growth from current
operations. Management is considering acquisition opportunities as well as
investments to increase sales in North America, fulfilled from its Chinese
operations. Any potential revenue from prospective acquisitions will be
added to the 2008 forecast after any acquisition is completed.
Micros Research Report Fair Value Target Price of $0.83
Research coverage of NewMarket China was initiated by Micros Report earlier
this year. The report states, "With three years of operational history in
mainland China and roughly $90 million in aggregate revenues, NewMarket
China is an interesting young company that is proving its high growth
business model in a high growth geographic area. The company was formed in
2005, setting its sights on the technology industry and the upshot
potential in China specifically."
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. The Analyst Report
can be viewed in its entirety at
http://newmarkettechnology.com/MicrosReport_NMCH_20071231.pdf.
Corporate Email Updates
To be added to NewMarket China's e-mail database to receive company
updates, please send an e-mail to ir@newmarketchina.com.
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.