-- Cash position up 27% over last year ($1.5m v. $1.2m)
-- Stockholder's equity up 55% from year-end 2006 ($2.6m v. $1.7m)
Statement of Operations:
-- Revenue for 2007 up 36% from 2006 ($40.0m v. $29.5m)
-- Gross profit for 2007 up 41% from 2006 ($1.8m v. $1.3m)
-- Net income (before currency translation) for 2007 up 83% from 2006
($991k v. $542k)
Cash Flow:
-- Cash flow from operations for 2007 was up 97% from 2006 ($840k v
$427k)
$50 Million 2008 Revenue Goal
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 E-mail Updates
To be added to NewMarket China's e-mail database of shareholders and
interested investors or to receive 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.
Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com www.newmarketchina.com