NewMarket China, Inc. Enjoys Sales Boost With Brand Name Partners
Like HP, IBM, Lenovo, Sony and Canon and Anticipates Increased 2008
Forecast
Company Reported 2007 36% Revenue Increase to $40 Million and 83%
Net Income Increase Over 2006
DALLAS, TX – May 2, 2008 - NewMarket China, Inc. (OTCBB: NMCH)
today announced that Company sales are benefiting from the increased
demand for the brand name products it sells, integrates and supports.
NewMarket China is a partner in China for Sony, Canon, HP, IBM and
Lenovo, among other well known brands. All of NewMarket China’s vendor
partners are enjoying increased sales in China. NewMarket China has
benefited from this increased demand and preliminary first quarter
results indicate the Company will continue to benefit from ongoing
high demand. Strategic Plan Update Webcast Scheduled for May 14, 2008
at 4:30 PM EDT The Company has scheduled a Webcast for 4:30 pm EDT on
May 14, 2008 to present a strategic plan update. 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. NewMarket China Partner Sales Track Record
Source: Individual Company 2007 Annual Reports · Lenovo - $3.35
billion out of a total of $ 8.35 in sales coming from Greater China o
That’s 40% of sales from China · HP - $69.4 billion out of $104.28
billion in total sales coming from overseas o That’s 67% of its sales
coming from outside of the U.S. · Sony - only 26.9% of sales are in
U.S. o 22.9% come from regions outside of Europe, U.S. and Japan · IBM
- 21% of sales come from Asia Pacific o Their stand alone China sales
have grown over 10%. · Canon - Sales outside of the Americas, Japan
and Europe outpaced all other regions with 11.5% growth o Sales in
Japan, Canon’s home country only grew at 6.8% o Sales in the Americas
grew only 3.1% o Sales in Europe grew only 5.3% o 32% of total sales
coming from outside of Americas, Europe and Japan Recent CEO Letter to
Shareholders Yesterday, NewMarket China released a letter to
shareholders from CEO John T. Verges. The letter highlights the
Company’s rapid growth to $40 million in 2007 revenue and financial
performance over the past five quarters since the Company’s
reorganization. Additionally, the letter goes on to discuss how the
current share price performance has not yet reflected the Company’s
fundamental financial performance. The letter, which provides
thoughtful internal analysis on share price performance potential, is
meant to provide ongoing insight to shareholders and investors in
regard to management’s ongoing commitment to the Company’s vision
while current market performance is not necessarily conveying
fundamental financial progress. The CEO’s intention is to open a
dialogue with shareholders and investors on the relationship between
operational performance and share price performance. To receive a copy
of the letter in its entirety, contact the Company at ir@newmarketchina.com
or 214-722-3065. Corporate Fact Sheet If you would like to receive a
corporate fact sheet highlighting the Company’s operations, business
plan and technology partners, or to be added to the corporate e-mail
list for updates, 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.
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. | |
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