DALLAS, TX--(Marketwire - January 8, 2008) - NewMarket China, Inc. (
OTCBB:
NMCH) today
announced CEO John T. Verges' recent interview with CEOcast will be
available on the CEOcast website today. The interview highlights NewMarket
China's strong organic growth leading to a new research coverage fair value
target price of $0.83 vs. recent $0.13. The Company anticipates reporting
approximately $40 million in annual revenue for 2007 with breakeven
profitability after reporting $29 million in annual revenue in 2006.
NewMarket China anticipates continued aggressive organic growth in 2008
with improving profitability.
The interview is available at
www.ceocast.com, and requires free
registration.
Micros Research Report Fair Value Target Price of $0.83
Research coverage of NewMarket China, Inc. has been initiated by Micros
Report Director of Research Michael Willingham. With three years of
operational history in mainland China and roughly $90 million in aggregate
revenues, NewMarket China is an interesting young company that is proving
its high growth business model in a high growth geographic area. The
company was formed in 2005, setting its sights on the technology industry
and the upshot potential in China specifically.
The Fair Value Target price for NMCH of $0.83 was established using a peer
comparison study and widely-accepted valuation methodologies including
Price-to-Earnings, Price-to-Book, and Price-to-Sales. In analyzing the
company, the report includes the following details:
-- "The three commonly used valuation methods discussed above all point
to an undervalued NMCH stock. This is greatly due to the fact that
the company only has 26 million shares issued and outstanding.
Without a significant amount of dilution to the value of the company
through excessively issued shares, the fair value of each share of
the company should retain a higher price."
-- "The price of NMCH shares should rise as more trading volume comes
into the stock and more of the investing public is made aware of the
attractive valuation and investment opportunity."
The report is available in its entirety under the Media Center page under
"Recent Analyst Report - NewMarket China" at
http://www.newmarkettechnology.com/media.htm.
NewMarket China, Inc. Featured at Upcoming NewMarket Technology, Inc. Town
Hall, January 17th 3:30 pm, Dallas, TX
NewMarket China's parent company, NewMarket Technology, Inc. (
OTCBB:
NMKT)
will be holding its Annual Town Hall for Shareholders and an Emerging and
Frontier Market Seminar on Brazil, China and Africa on Thursday and Friday,
January 17-18, 2008, at the Fairmont Hotel (
http://www.fairmont.com/dallas)
in Dallas.
Interested attendees can find more details on the events and register
online at
www.nmktevents.com. Registration is free for both events.
Attendees are encouraged to register early, as space is limited.
The annual Town Hall meeting, which will take place Thursday, January 17,
2008 at 3:30 pm CST at the Fairmont Hotel in Dallas, is an annual event
providing shareholders an opportunity to receive updates on company growth
and plans for the upcoming year and to meet company management in an
interactive forum. The Town Hall will also include a review of the
Company's subsidiaries, NewMarket China, Inc. (
OTCBB:
NMCH) and NewMarket
Latin America, Inc. (
PINKSHEETS:
NLAI).
Emerging and Frontier Market Seminar: Brazil, China, Africa - January 18,
2008 8am - 5pm CST Dallas, TX
Dan Sanders, author of New York Times and USA Today National Bestseller
"Built To Serve: How to Drive the Bottom Line with People-First Practices,"
will be the keynote speaker at the seminar. The seminar, which will take
place Friday, January 18, 2008 from 8am - 5pm CST at the Fairmont Hotel in
Dallas, will be an opportunity for shareholders, investors, technologists,
entrepreneurs and small businesses to learn more about the opportunity for
rapid growth within rapidly growing economies worldwide. The seminar will
focus on financing and investing for small business and technology in
global emerging markets, with a special focus on Brazil, China and Africa.
The format for the seminar will be panel discussion sessions lead by
subject matter experts on investment and financing in emerging markets and
on the Brazilian, Chinese and African markets. Guest panelists currently
include Joseph Wambia, formally with the World Bank, William Weiss,
Honorary Consul for the Republic of Malta, and Dr. Flavio Chaves, Assistant
to the Vice Governor of the State of Sao Paulo, Brazil.
To be added to NewMarket China's corporate e-mail list for shareholders and
interested investors, 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.
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.
Contact Information: Contact:
NewMarket China, Inc.
Investor Relations
214-722-3065
ir@newmarketchina.com
http://www.newmarketchina.com