NewMarket China, Inc. Launches Sales in Brazil and Chile Expected
to Augment 2008 $50 Million Profitable Revenue Forecast
Company Grew Revenue 36% in 2007 to $40 Million with Net Income
Growth of 83%
DALLAS, TX – April 28, 2008 - NewMarket China, Inc. (OTCBB: NMCH)
today announced launching sales initiatives in Brazil and Chile. The
South 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 South
American economy.
2007 Year-End Webcast Available for Review
Recently, the Company CEO and CFO held a Webcast to review 2007
operational and financial results. An archive of the call can be
reviewed at
http://www.investorcalendar.com/IC/CEPage.asp?ID=127668.
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.
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
Company Information and 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 or its
Chinese subsidiary, please send an e-mail to
ir@newmarkettechnology.com.
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. |