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
DALLAS, TX--Mar 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.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between
maintaining legacy systems and gaining a competitive edge from the
latest technology innovations. NewMarket provides certified
integration and maintenance services to support the prevailing
industry standard solutions such as Microsoft, Cisco Systems, SAP,
Siebel and Sun Microsystems. Concurrently, NewMarket continuously
seeks to acquire emerging technology assets to incorporate into an
overall product portfolio carefully packaged to complement the
prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through
its network of Solution Integration subsidiaries in North America and
the leading emerging markets around the world to include, Latin
America, China and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United
States and Number Five in North America on Deloitte's 2006 Technology
Fast 500, a ranking of the 500 fastest growing technology, media,
telecommunications and life sciences companies in North America.
Rankings are based on percentage revenue growth over five years, from
2001-2005. The Company grew from less than $1 million in revenue in
2001 to over $50 million in profitable revenue in 2005. In 2006, the
company continued its rapid growth, reporting $77.6 million in revenue
with a net income of $5.8 million.
"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. |