Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com
NewMarket China, Inc. Schedules Earnings Webcast for Wednesday, April 9, 2008 at 5:00 PM EDT to Review Anticipated $40 Million in Revenue for 2007
Company Anticipates Strong Annual Report and Continued Momentum Towards 2008 Revenue Goal of Profitable $50 Million
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - March 27, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
announced John T. Verges, CEO, and Philip J. Rauch, CFO, will conduct an
audio Webcast on Wednesday, April 9, 2008 at 5:00 p.m. EDT to discuss the
Company's 2007 annual report. NewMarket China anticipates 2007 revenues of
$40 million.
The call is being Webcast by Vcall and can be accessed at
http://www.investorcalendar.com/IC/CEPage.asp?ID=127668. A recording of the
call will be available after April 9th for review for at least thirty days.
NewMarket China is a U.S. corporation headquartered in Shanghai with
operations in China. The Company is a reseller and systems integrator of
brand name technology products and software, in addition to providing
software outsourcing to China from the United States.
25% Forecasted 2008 Growth to Profitable $50 Million in Revenue
NewMarket China recently announced a 2008 forecast anticipating twenty-five
percent growth to $50 million in profitable revenue. The anticipated
revenue increase is based 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.
Corporate Overview Now Available on Yahoo! Finance
A NewMarket China Corporate Overview Report is now 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 in addition to an
overview of the Company's services, locations, subsidiaries, technology
partners and management. An updated Corporate Overview, to include 2007
financial and operational results, will be available after the Company
files its 2007 annual report.
To request a copy of the report, please go to
http://finance.yahoo.com/q?s=nmch.ob and click "Download Annual Report"
under the company's stock chart. A copy of the report is also available by
contacting Investor Relations at ir@newmarketchina.com.
Recent Analyst Report with Fair Target Value of $0.83
Research coverage of NewMarket China was recently initiated by Micros
Report Director of Research Michael Willingham who 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 report is available in its entirety at:
http://www.newmarkettechnology.com/investor-relations-analyst-reports.htm.
Corporate Email Updates
To be added to NewMarket China's e-mail database to receive company updates
or for more information on the company, please send an e-mail to
ir@newmarketchina.com or call 214-722-3065.
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.