Contact Information: Contact: NewMarket China, Inc. Investor Relations 214-722-3065 ir@newmarketchina.com http://www.newmarketchina.com
NewMarket China, Inc. Launches Sales in Brazil and Chile Expected to Augment 2008 $50 Million Profitable Revenue Forecast
Company Grew Revenue 36% in 2007 to $40 Million With Net Income Growth of 83%
| Source: NewMarket China, Inc.
DALLAS, TX--(Marketwire - April 28, 2008) - NewMarket China, Inc. (OTCBB : NMCH ) today
announced launching sales initiatives in Brazil and Chile. The South
American sales initiative is anticipated to augment the Company's
previously announced forecast of $50 million in profitable revenue for
2008. The Company reported $40 million in revenue in 2007 growing 36% over
2006. Net income grew 83% from $542 thousand in 2006 to $991 thousand in
2007.
NewMarket China provides high quality software development services and
digital multimedia outsourcing. 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 E-mail Updates
To be added to NewMarket China's e-mail database of shareholders and
interested investors or to receive more information on the Company 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.
"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.