NewMarket China, Inc. CEO to be Interviewed by Wallst.net
Highlighting Sales Boost with Brand Name Partners HP, IBM, Lenovo,
Sony and Canon
Company Reported 2007 36% Revenue Increase to $40 Million with 83%
Net Income Increase Over 2006 and Plans to Increase 2008 Forecast
DALLAS, TEXAS – May 5, 2008 – NewMarket China, Inc. (OTCBB: NMCH)
today announced Company CEO John T. Verges will be interviewed today
by Wallst.net. The interview will feature how the company’s sales are
benefiting from the increased demand for brand name products sold,
integrated and supported by the Company. NewMarket China is a partner
in China for Sony, Canon, HP, IBM and Lenovo, among other well known
brands. NewMarket China’s vendor partners are enjoying increased sales
in China. NewMarket China has benefited from the increased demand and
preliminary first quarter results indicate the Company will continue
to benefit from ongoing high demand. The interview will be available
starting tomorrow at http://tv.wallst.net/3-min-press/3-min-press.php.
Recent CEO Letter to Shareholders Last week, 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. 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. Corporate Fact Sheet and Company Updates 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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