NewMarket China, Inc. Conducts Earnings Webcast Today at 5:00 PM
EDT on 36% Revenue Increase to $40 Million with 83% Net Income Growth
in 2007
DALLAS, TX – April 9, 2008 – NewMarket China, Inc. (OTCBB: NMCH)
CEO John T. Verges and CFO Philip J. Rauch will conduct an audio
Webcast today at 5:00 p.m. EDT to review the Company's 2007 business
operations and financial performance filed last week on SEC Form
10-KSB. The Company reported $40.0 million in revenue, increasing
revenue by 36% over 2006. Net income increased 83% from $542 thousand
in 2006 to $991 thousand in 2007. 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 for review for at least thirty
days. Financial Report Highlights Balance Sheet: · 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.
Corporate E-mail Updates
To be added to NewMarket Technology's e-mail database to receive
company updates or to obtain more information on the Company, please
send an e-mail to
ir@newmarkettechnology.com or call 214-722-3065.
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. |