Contact Information: Contact: NewMarket China, Inc. ir@newmarketchina.com 214-722-3065
NewMarket China, Inc. Announces Live Corporate Update and Chinese Investment Conference Scheduled for Monday, June 23, 2008 in Dallas
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - May 27, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
announced that the Company has scheduled a live conference for 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 address the recent earthquake in China and its impact on the nation.
While the Company has been fortunate not to have been near the epicenter,
it is still a national tragedy for the people of China that deserves the
world's attention and support.
The conference is open to current NewMarket China investors as well as
those interested in learning more about investing in the Chinese market.
Further details regarding the conference's time and location will be
available shortly.
Those interested in attending the Seminar should contact Whitney Marks at
wmarks@newmarketchina.com or 214-722-3052 to RSVP and obtain more
information.
Rapid Growth & 2008 Outlook
NewMarket China was named one of the Top 200 Public Companies in the
Dallas-Fort Worth (DFW) Metroplex by the Dallas Business Journal.
Additionally, NewMarket China was featured as one of 11 newcomers to the
annual list, along with Comerica, Metro PCS and Cinemark Holdings.
NewMarket China provides high quality software development services,
hardware services and digital multimedia outsourcing. The Company has
experienced rapid growth over the past two years, growing from $29.5
Million in revenue in 2006 to $40 million in revenue in 2007, with a net
income increase of 83%. The Company has set its 2008 revenue goal at $50
million. NewMarket China plans to achieve this revenue goal through
improving fundamental financials, continued organic growth and
acquisitions, which the Company is actively seeking in China and North
America.
Recent Q1 2008 Earnings Webcast
NewMarket China CEO John T. Verges conducted a Webcast last week to review
first quarter 2008 financials. The Company recently reported $8.5 million
in Q1 2008 revenue, a 20% increase in revenue over Q1 2007, and $97k in net
income before currency translation compared to a $16k loss for the same
period last year. An archive of the call can be accessed at
http://www.investorcalendar.com/IC/CEPage.asp?ID=129836.
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
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.