NewMarket China, Inc. Strategic Plan Update Webcast Scheduled for
May 14, 2008 at 4:30 PM EDT
Company Reported 2007 36% Revenue Increase to $40 Million and 83%
Net Income Increase over 2006
DALLAS, TX – April 29, 2008 - NewMarket China, Inc. (OTCBB: NMCH)
today announced the Company has scheduled a Webcast for 4:30 pm EDT on
May 14, 2008 to present a strategic plan update. The company recently
announced plans to continue growth to $50 million in 2008 revenue with
improving fundamental financials through the continued growth of its
established operations in China, and through potential acquisitions.
The Company is actively seeking acquisition candidates in both China
and North 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
intended to augment the Company’s 2008 revenue goal of $50 million.
The Company has already established software service sales 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.
A link to the Webcast will be available at
http://www.investorcalendar.com/IC/CEPage.asp?ID=127668.
Also available at this link is an archive to the recent Webcast
reviewing 2007 operational and financial results conducted by the
Company CEO and CFO.
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. |