NewMarket China, Inc. Announces First Contract in Latin America After Launching Regional Sales Initiative in April to Augment 2008 $50 Million Revenue Forecast

Company Grew Revenue 36% in 2007 to $40 Million With Net Income Growth of 83%

DALLAS, TX--(Marketwire - June 3, 2008) - NewMarket China, Inc. (OTCBB: NMCH) today announced its first contract for Latin America after launching a regional sales initiative in Brazil and Chile in April. NewMarket China has been engaged to localize a Chinese telecommunications software package for use throughout Latin America. The project is anticipated to contribute approximately $1 million to NewMarket China's 2008 revenue. NewMarket China's client anticipates a major announcement later this year with the launch of new consumer service offering based on the Chinese telecommunications software package.

NewMarket China's Latin American sales initiative is anticipated to augment the Company's previously announced forecast of $50 million in profitable revenue for 2008. The Company reported $40 million in revenue in 2007 growing 36% over 2006. Net income grew 83% from $542 thousand in 2006 to $991 thousand in 2007.

NewMarket China provides high quality software development services and digital multimedia outsourcing. The Company has already established sales providing solutions to clients in North America. NewMarket China's services are competitively priced and the Company anticipates gaining sales traction quickly within the burgeoning Latin American economy.

Chinese Investment Conference Scheduled for June 23, 2008

NewMarket China will be hosting a Chinese Investment Conference on Monday, June 23, 2008 in Dallas, Texas. The conference, which will include presentations by company management, will focus on the Company's ongoing and future activities, as well as investment opportunities in China and the nation's continued strong economic growth. Presenters will address a variety of subjects specific to the Company and specific to China as an investment opportunity. Some of the planned subjects include the upcoming Beijing Olympics, the 2010 World's Fair in Shanghai, and the investment opportunities resulting from these events.

Additionally, the conference will discuss the Company's previously announced corporate name change and forward-looking plans. If you would like to attend, please contact Whitney Marks at or 214-722-3052 to reserve a seat.

Corporate E-mail Updates

To be added to NewMarket China's e-mail database to receive company updates or to obtain more information on the Company, please send an e-mail to or call 214-722-3065.

About NewMarket China, Inc. (

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.


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