NewMarket China, Inc. Earns Newcomer Recognition on Dallas Top
Public Company Rankings that Include ExxonMobil, EDS, Southwest
Airlines and Texas Instruments
Company Reported 2007 Revenue of $40 Million with Sights on $50
Million in Revenue for 2008
DALLAS, TX – April 29, 2008 – NewMarket China, Inc. (OTCBB: NMCH)
today announced that the Company has been 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. Rapid Growth and 2008 Outlook NewMarket China 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. Sales Initiatives Launched in Latin America Additionally,
NewMarket China recently announced launching sales initiatives in
Latin America (http://biz.yahoo.com/iw/080428/0390970.html).
The sales efforts, which have been launched in Brazil and Chile are
expected to augment the Company’s 2008 revenue goal of $50 million.
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 Communications and Fact Sheet
If you would like to receive email updates on the company or a
corporate fact sheet highlighting the Company’s operations, business
plan and technology partners, please send and 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. 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. | |
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